Annual growth in the value of outstanding mortgages hit a two year low over the June quarter according to analysis of APRA data
The next two to three months are set to give true indication of the strength of the Australian housing market as the rate of price growth across the capital cities continues to cool
As the deadline for second round submissions to the Financial Services Inquiry closed this week, small banks bound together in their fight for a “level playing field” in the mortgage lending market.
A downward trend in new home sales has emerged for the year ahead, as sales dropped off a little in July
Subprime mortgages wreaked havoc on the US economy and contributed to the global financial crisis but the subprime mortgage market in Australia is gaining traction
The Housing Industry Association is pushing for policy reform when it comes to “onerous” stamp duties
The construction of new residential housing has increased by 2.2% in the June 2014 quarter, bringing positive news to the property market
APRA data reveals non-major banks increased their share of the mortgage market by 16.6% in the year to June 2014 – doubling the 8.2% increase experienced by the major banks