Westpac is rolling out the red carpet to new customers by offering discounted interest rates on its home loans.
Housing prices across the nation are falling, and while the drops don’t exactly point to a freefall, major cities have seen consecutive price slides.
While much of the buzz around Australia’s housing markets has been focused on the capital cities in the eastern states, the nation’s regional areas have also experienced slowdowns in dwelling value growth.
It’s not all doom and gloom for Australian home prices, with select parts of Queensland reporting growth in median house prices.
Investors are backing away from the housing market while owner-occupiers are taking a bigger piece of the housing pie, according to the latest ABS Housing Finance figures.
NAB has bucked the rate-hike trend, announcing it will leave its standard variable rate on hold at 5.24 per cent today.
Australia’s shareholder banks have been slapped down after calling on customer-owned banks to adopt their new code of ethics.
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