Refinancing reaches record high

Refinancing reaches record high

Loan refinancing commitments exceeded a record $17.0 billion in July and were 60.0 per cent higher compared to a year ago, according to new data. The Australian Bureau of Statistics has released its Lending Indicators data for July 2021, which revealed that borrower...
Home loans spike by 248% in 20 years: REIA

Home loans spike by 248% in 20 years: REIA

Tasmania has recorded the biggest fall in housing affordability, with average home loan amounts rising by over 340 per cent in the last 20 years, according to research. The Real Estate Institute of Australia’s (REIA) Housing Affordability Report, which covers the past...