More than two-thirds of Australian motorists plan to replace their current car or buy a new one in the next few years, but only a small fraction say they will go electric, with the vast majority still undecided.
Australians have been warned to brace for a wetter summer this year, as La Niña is officially underway.
According to new forecasts by three of Australia’s big four banks, house affordability is likely to get worse next year before it gets better in 2023.
The value of new mortgages has skyrocketed since the onset of the COVID-19 pandemic, leading to rising mortgage debt, loan sizes and loan limits.
Despite all the talk of interest rates in recent months, almost one-fifth of homeowners aren’t even aware of what type of interest rate they’re on.
Stagnant wage growth combined with near-record high house price growth may just put the debate over housing affordability to bed once and for all.
New research by major bank ANZ predicts that fixed mortgage rates are set to increase sharply in 2022 from their current record-low rates.
A representative body for customer-owned banks has warned that further lending restrictions could harm competition.
Ahead of November’s cash rate announcement, recent data could see the Reserve Bank (RBA) make a move sooner than initially expected.
Buy Now, Pay Later applications grew 31.4% in the last 12 months to September 2021, as Australia continues its post-COVID-19 recovery.
It’s getting tough out there for renters, with national rents 8.9% higher year-on-year as of September 2021.
Housing affordability is at its worst level in five years thanks to substantial house price growth and subdued income growth.