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APRA leaves serviceability buffer unchanged
The regulator has cited ongoing uncertainty in the economic outlook as a reason behind its decision. The Australian Prudential and Regulation Authority (ARPA)...
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RBA holds cash rate at 4.35%: When will borrowers get a break?
The Reserve Bank of Australia (RBA) board has kept the cash rate on ice as anticipation for a long-awaited cut continues to build. Easing inflation may have...
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One in three Aussies struggle with mortgage debt
Mortgage stress hits younger generations hard New research from Finder revealed a growing concern among homeowners regarding mortgage debt. A survey of 1,013...
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Housing auctions improve in October but supply remains tight
Australia’s auction market posted solid results last week, but the underlying challenges of housing supply and affordability continue to cast a shadow over...
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Property market remains resilient despite growth slowdown
Australia’s residential property market demonstrated resilience, with house and unit prices rising by 0.4% in the past month, according to the latest Ray...
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Borrowers will welcome cash rate hold, say aggregator leaders
Members of the broking industry have said that the decision to hold the cash rate will be welcome news to borrowers, hopeful buyers, and brokers alike. After...
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New lending ‘well-above’ pre-pandemic levels despite higher rates
Residential lending to both owner-occupiers and investors saw sustained growth year on year, APRA has revealed. The latest Quarterly Authorised Deposit-taking...
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‘Higher mortgage interest costs’ slowing spending: Chalmers
As new GDP figures show the economy barely grew in the June quarter, the federal Treasurer flagged that consumer spending has plummeted as home loan costs bite....
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Why rate reductions ‘may not’ help the RBA
The RBA still has a difficult job ahead of it and a rate cut may not alleviate any pressures, one commentator has said. Co-portfolio manager of T. Rowe Price,...
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Mortgage stress eases as stage 3 tax cuts come into play
Good news for homeowners: The latest figures show a drop in mortgage stress, thanks to the stage three tax cuts. Nearly a third of Australian mortgage-holders...
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