As Australia’s population prepares to hit the 25 million mark, the nation’s governments have been urged to address our housing and infrastructure problems.
Ubank has unveiled a special home loan offer that involves both an interest rate cut and cashback.
Australia’s seventh largest lender Bendigo Bank has become the latest home loan provider to hike rates out of cycle by up to 16 basis points.
Australian sentiment towards property is at a two-year low, and it’s expected to worsen as property prices in most major cities are predicted to keep falling well into 2019 according to NAB economists.
Major mortgage regulatory reform appears to be over, after the banking regulator revealed “the heavy lifting on lending standards has largely been done”.
Australians are turning to non-bank lenders in increasing numbers as banks tighten their lending criteria, according to the ABS housing finance figures released today.
Australia’s housing markets have slowed over the past financial year, according to CoreLogic, with most capital cities experiencing downturns and most regional areas experiencing relatively sluggish growth.
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