This month, the ABS posted a 2.2% annual increase in the Australian wage price index (WPI). The WPI measures changes in the ‘price’ of wages and salaries over time, meaning it accounts for changes in the quality and quantity of work done. The 2.2% uplift represents...
Last week was one of the most active that brokers can remember, with rates chopping and changing across the Big Four. The channel saw lenders hiking fixed rates across the board, slashing variable rates, then hiking again, then slashing again. Since the RBA cash rate...
Broker clients overwhelmingly believe brokers act in their best interests and would recommend them to friends and family, new bank research has found. According to new research conducted for MyState Bank, 90 per cent of broker clients believe mortgage brokers act in...
Settlement day. It’s that magical moment a property finally becomes yours. If you’re new to buying property, rest assured it’s totally normal to feel anxious about everything going to plan. But with the right help, it will. Here’s what you need to do to ensure your...
Both owner-occupier and investment housing lending increased in September, reflecting strong borrower demand boosted by low rates, according to new data. The Australian Prudential Regulation Authority’s (APRA) monthly authorised deposit-taking institution statistics...
