Markets

Australia’s regulators are preparing to intervene in the property market as house prices explode and New Zealand mounts its own crackdown

Australian regulators have revealed they are mulling a possible lending intervention, as household debt mounts. As property prices soar, the RBA has raised major concerns, indicating it is considering what steps it may take next if credit growth doesn’t slow. It follows similar moves overseas after New Zealand’s central bank […]
Australia’s regulators are preparing to intervene in the property market as house prices explode and New Zealand mounts its own crackdown
Markets

Australia needs a Royal Commission into housing, experts say, as soaring prices create an economic ‘time bomb’

Australia’s $8.1 trillion property market demands a Royal Commission and subsequent intervention, a new research paper claims. A special report compiled by UNSW found that soaring prices present a “triple crisis” to the Australian economy that risks worsening inequality, undermining growth and threatening stability. Almost 90 experts weighed in on […]
Australia needs a Royal Commission into housing, experts say, as soaring prices create an economic ‘time bomb’
News

There are just 3,170 deferred mortgages remaining with Australia’s largest lenders. Banks say the worst is now over.

The Australian economy appears to have undergone an “impressive recovery” after hundreds of thousands of loan deferrals were finalised. New figures released by the Australian Banking Association (ABA) shows less than 5,000 loan deferrals remain outstanding across Australian businesses and households. With the figures timestamped to before the end of […]
There are just 3,170 deferred mortgages remaining with Australia’s largest lenders. Banks say the worst is now over.