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New loan volumes down 17%: Report

Borrowing activity declined during the March quarter, new research has found. Digital property exchange platform PEXA’s latest Mortgage Insights Report for the March quarter 2024 has revealed a decrease in new loan volumes of 17.1 per cent on the December quarter of 2023. In total, 113,336 new loans were issued in the March quarter of 2024, with […]

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Lender moves to support divorced buyers

The integrated residential property business has moved to help more divorced home buyers get into the property market. LongView has announced that it is looking to support divorced buyers who have been “locked out of the property market” due to financial separation. According to the most recent available figures from the Austrlian Bureau of Statistics […]

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Reprieve or rise? RBA hands down anticipated October cash rate decision

Australia’s central bank has handed out its October cash rate decision at its monthly board meeting. In what was the first cash rate decision delivered since former Governor Philip Lowe’s departure, the Reserve Bank of Australia (RBA) opted to hold the official cash rate at 4.10 per cent. Despite August’s Consumer Price Index (CPI) indicating a slight […]

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Help to Buy enters next phase

The federal government has set a timeline to launch its shared-equity home buying scheme, which was a key Labour Party election promise in 2022. The scheme, called “Help to Buy”, will kick off in 2024, so long as the requisite legislation passes in each state and territory, which leaders agreed to do during the latest meeting of […]

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Banks remain split on next RBA rate decision ahead of inflation data

Major banks have released their predictions for the second quarter inflation data and outlined how they expect it will impact the Reserve Bank’s August rate decision. Australia’s second quarter consumer price index (CPI) data due out on Wednesday is expected to show further deceleration in headline and underlying inflation, according to the latest forecasts from […]