Australia’s largest banks have put aside more than $7 billion in bad loan provisions related to COVID-19.
BANKS
Two of Australia’s biggest banks have slashed interest rates on a suite of home-loan products in what’s shaping up as the start of a lending war.
Property lenders say they have no intention of sitting on their hands as the sector emerges from the depths of the COVID-19 crisis.
Westpac has revised its forecast to a more moderate 5 per cent decline, with prices then “bouncing” 15 per cent.
Two major bank bosses have differing views on the outlook for the economy but agree on property's prospects.
While banks are encouraging customers to begin paying back loans, many are simply not in a position to do so.
A majority of the economists surveyed by Finder expected variable rates to rise before 2021 without any move by the Reserve Bank of Australia.
Non-bank lenders are tightening the reins and have identified a range of property sectors where they will refuse provide to loans for developers and owners in c…
One of ANZ Bank's most senior bankers says some borrowers who are unable to meet their mortgage payments will need to consider selling their properties in the c…
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Access to finance is set to get easier, with a suite of reforms to be introduced by the federal government to help first homebuyers get into the property market and investors to bolster their portfolios.
Metricon Homes has continued its reign as Australia’s most prolific homebuilder, the fifth consecutive year it has built more houses than any other company.
Speculation is mounting around the prospects of further reductions in the official cash rate by the Reserve Bank of Australia, with some of Australia’s biggest banks slashing variable home loan rates.
The implications of COVID-19, and its exacerbation of the gap between rich and poor, are moving beyond the realm of immediate health and financial needs and shaping the future of our homes and communities.
Clearance rates have fallen and new project launches are getting scarce, but research from Urbis shows apartment markets across the country are holding relatively firm despite the challenges of the pandemic.
COVID-19 has created a sellers’ market in the City of Churches, and it is easy for buyers to pay too much or purchase something that is not ideal.
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