Record rebound in home loan borrowing, but investor loans struggle to recover

The rebound from Australia’s first recession in almost 30 years appears to be underway as people spend record amounts on the homes they want to live in, according to the ABS.

Housing prices could spiral as 15 per cent struggle to resume mortgage repayments

About 15 per cent of people who deferred their mortgages are at risk of not being able to resume repayments, the RBA said, possibly leading to a sell-off of homes at a loss and a ‘housing fall’.

After 30 months of declining sales, car industry banks on relaxed lending criteria

New car sales have passed a grim milestone, but the industry is hopeful the government’s relaxing of lending criteria could help turn their fortunes.

Federal Budget 2020: Making sense of the government’s tax revisions, offsets and cuts

Two big rule changes will see millions of Australians save $12.5 billion in taxes within the next year, under federal budget announcements designed to get people spending and the country out of a recession.

Federal Budget 2020: Housing initiatives, tax breaks, superannuation changes and more

The federal government plans on chartering Australia out of its first recession in almost three decades by spending big on employment initiatives, infrastructure projects and tax breaks.

RBA holds interest rates, no cut to extraordinary low

Home loan repayments will not likely drop after the nation’s central bank held the cash rate at the historic low of 0.25 per cent, offering the financially strained little additional relief.

Government Granny Flat Scheme: How to apply | RateCity

Granny flats could be tax exempt in some cases under proposals introduced in this year’s Federal budget, providing yet another incentive for people to hire construction workers and take advantage of a $25,000 government grant.

Renovation loans over $150k surge as Homebuilder grant lifts development

Loans for renovations over the $150,000 threshold of the government’s Homebuilder grant have experienced a surge, loan data reveals.

Housing market shrinks for fifth month, but there’s signs of a recovery

There were signs of a housing recovery in the last month, but they weren’t enough to turn the tide against falling property prices in Australia’s largest cities, CoreLogic said.

Home development drops in August, despite Homebuilder stimulus

The number of homes approved to be built across the country continues to fluctuate due to the tumult brought by the coronavirus pandemic, according to new data from the ABS.