Total domestic housing loans across all authorised deposit-taking institutions (ADIs) have risen by $100bn (or 6.9%) to more than $1.55 trillion in the 12 months prior to September 2017. These figures come from the Australian Prudential Regulation Authority (APRA) which examined residential and commercial property exposures as well as new housing loan approvals. The regulator […]
Housing affordability has improved while first home buyers enter the market in even greater numbers, according to brand new research. The latest Housing Affordability Report released by the Real Estate Institute of Australia (REIA) in partnership with Adelaide Bank has revealed some positive market trends across the country. The proportion of median family income required […]
Despite high household indebtedness, the number of Australians behind on their mortgage repayments has fallen, according to a recent report by ratings agency S&P. Delinquent housing loans underlying prime residential mortgage-backed securities (RMBS) fell to 1.00% in November 2017 from 1.04% the previous month, S&P partly attributed the drop to a continuous increase in outstanding […]
The financial services regulator is encouraging Australians to start the new year by setting financial goals, listing five tips to help achieve the feat. According to ASIC’s senior executive leader for financial capability, Laura Higgins, one of the most popular New Year’s resolutions is for people to “take control” of their money. However, Ms Higgins highlighted that […]
Kochie explains why Bitcoin is one of the ‘craziest invesment fads’ he’s ever heard of! ANSWER this for me. A door-to-door salesman (think Avon, vacuum cleaners, etc) comes to your home and says; “I have a great new product I reckon you’d be interested in. It’s a crypto-currency called Bitcoin. It’s like a normal coin […]