An unexpected drop in the number of home loan approvals highlights the need for the RBA to remain on the interest rates sideline, according to 1300HomeLoan.
A Japanese lender has announced its plans to target the Australian commercial market as statistics show Asian banks have increased their share of business credit.
The RBA’s decision to leave the cash rate on hold, combined with strong competition from lenders, is good timing for those wanting to refinance or activate a home loan - and for brokers.
The reserve bank's decision to leave the official cash rate on hold this month has come as no surprise to economists.
Pre-budget submissions have called on the government to tackle low levels of first home buyers and soaring house prices.
The latest inflation figures point to interest rates remaining at their current all-time low for the foreseeable future, say analysts.