Industry body warns housing finance figures are on a "slippery slope"
The Real Estate Institute of Australia (REIA) says the October housing finance figures released by the Australian Bureau of Statistics (ABS) show the number of housing loans is diving.
Australians think it's a good time to purchase property, despite thinking house prices will fall further, Westpac survey reveals
Westpac's monthly consumer sentiment survey reveals most Australians believe now is the best time to buy a house, despite thinking house prices will fall further still.
"No bright spot" in latest housing finance figures
President of the Real Estate Institute of Australia (REIA) Malcolm Gunning says there is "no bright spot" in the latest housing finance figures, released by the Australian Bureau of Statistics (ABS).
APRA ready to lift 10% cap on growth in investor lending: Wayne Byres
APRA chairman, Wayne Byres, has said the regulator is ready to lift the 10 per cent cap on growth in investor lending, but the cap on interest-only loans will stay.
The value of interest-only loans approved during the September quarter dived 44.8 per cent, and were a record low as a proportion of total new mortgage lending.
Banks are tightening their internal lending processes in an attempt to improve the quality of their loans and ensure borrowers can repay in changed circumstances.
