Aussies cut spending due to mortgage stress
Almost half of Australian mortgage holders (45%) have limited their spending to deal with their mortgage stress.
19 October 2023
Home value growth losing momentum
Australian home values have seen two consecutive months of slowed growth, after CoreLogic’s national HVI showed a 0.7 per cent rise in July.
8 August 2023
Majority of experts expect another cash rate in March
Almost all experts and economists (93%), surveyed by the Finder RBA Cash Rate Survey, were confident that the cash rate will rise in March.
6 March 2023
The cyber-attack on the UK’s provider of managed IT services for legal sector offers a lesson for the Aussie property conveyancing sector.
Australia suffered its first 3Q rise in mortgage arrears as borrowers faced stress due to inflation and rising interest rates.
Over 80% of Aussie house and unit markets saw a growth in value in the third quarter, but city markets were running at different ‘speeds’.
More than 1,573,000 mortgage holders have been identified as ‘at risk’ of mortgage stress in three months to September, 2023.
Despite easing its rate hiking cycle, the RBA’s consistent rate rises will have an ongoing effect on mortgage arrears, says Fitch Ratings.
The portion of loss-making short-term resales across the Australian housing market has grown to 9.7%.
CoreLogic says units will represent around 59% of Australia’s looming housing deficit.
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