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
New home approvals declined by 5% in June, after an increase in the previous month
Banks have turned to wholesale funding to subsidise the deep cuts made on interest rates for fixed home loans
A leading mortgage insurer has thanked the strength of the housing market over the last 12 months for their strong half yearly result to June 2014.
An increase in the sale of new homes for the June 2014 quarter is promising news for the economy.
A number of non-majors have joined the fixed-rate frenzy, slashing fixed home loan rates to under 5%.
The Property Council of Australia has called for stamp duty to be abolished to encourage labour movement