Credit Policy Changes That Matter More Than Headline Rates
14 September 2026
The Australian property market in 2024 promises to be an intriguing dance between opportunity and headwinds. While the past year saw subdued growth compared to the 2022 boom, whispers of potential interest rate cuts and the final stage of tax cuts add complexity to the forecast. So, what can we expect? Interest Rate Rollercoaster: Interest […]
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Isabelle Lane| The New Daily| 7 August 2018 https://thenewdaily.com.au/money/property/2018/08/07/out-of-cycle-rate-hikes-predicted/ The big four banks are expected to raise mortgage rates despite the Reserve Bank decision to keep the official cash rate steady. The RBA announced on Tuesday the official interest rate would remain on hold at 1.5 per cent. The decision continues a record-breaking streak of official interest rate stability, marking two years […]
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The property market is rapidly approaching crunch time – where there will be multiple winners and losers. The end of this month is D-Day for the 450,000 borrowers who deferred home loan payments. Some will be able to recommence making payments, but for others this could mark the start of a series of tough conversations […]
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Despite the Reserve Bank not having changed the official cash rate recently, banks are dropping their own mortgage rates as they compete against each other for home loan business Interest rates are now the lowest in living memory. Mortgage brokers tell Accredited Broker that they are as busy as ever with refinances – especially when […]
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Banks Keep Lending to Pump Economy Australia’s banks look set to keep rates at record lows and to be flexible with borrowers impacted by COVID 19. Reserve Bank Governor, Dr Philip Lowe, recently spoke to the CEO of our major banks where he expressed the need to be flexible with $226 billion in loan deferrals […]
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Banks to have more flexibility in assessing loan applications Westpac Banking Corp has won a significant victory in the Federal Court on its interpretation of responsible lending duties. The court backed Westpac’s arguments that the national credit act provides banks with discretion on how to use information when assessing whether loans are suitable for customers, […]
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Housing finance increased steadily by another 1.3 per cent in September – taking growth since May to 15 per cent. Already, market commentators are predicting that Sydney and Melbourne will hit record highs in April 2020. But where will the finance come from? This month the increase was driven by homebuyers, while investor lending dropped […]
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Madison Utley| Australian Broker| 11 November 2019 https://www.brokernews.com.au/news/breaking-news/brokers-continue-to-dazzle-268027.aspx In its first year of operation, just 0.35% of the complaints lodged with the Australian Financial Complaints Authority (AFCA) were related to mortgage brokers. From 1 Nov 2018 to 31 October 2019, Australians lodged 73,272 complaints against their banks, insurance providers, super fund, or other financial firms […]
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James Kirby| The Australian| 29 July 2022 https://www.theaustralian.com.au/business/wealth/house-price-crash-what-if-the-experts-have-it-wrong/news-story/48139e945170d7e5405d646c949d7c67 How much have house prices around the nation fallen by this year? The chances are you’ll guess a number which is dramatically worse than reality. The combined capital city drop is minus 0.5 per cent. Yes, you read that right, the reversal so far is teeny. So […]
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Damien Klassen| LIvewire| 12 July 2022 Australian property prices: Interest rates are just one part of the story – Damien Klassen | Livewire (livewiremarkets.com) Australian property market prices are falling, and rents are rising rapidly. Interest rates are rising even faster. In terms of mortgage payments, a 30%+ increase in one year is higher than […]
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Pete Wargent| Livewrie| 28 June 2022 What a 3.2% cash rate will mean for property prices and household savings – Pete Wargent | Livewire (livewiremarkets.com) At the time of writing, market pricing is looking for the cash rate to reach 3.20% by the end of 2022, which would be an even faster-tightening cycle than that […]
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Shannon Molloy| Real Estate| 1 August 2022 Home prices have just fallen further – except in these two capital cities (realestate.com.au) Property price falls extended further across Australia in the past month, but there are two capital cities defying the cooling market trend, new data reveals. The latest PropTrack Home Price Index for July was released today […]
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Eleanor Creagh| Real Estate| 28 July 2022 What happened during previous property market downturns? – realestate.com.au Interest rates are moving higher – and quickly – and fears of a steep and lasting decline in home prices are mounting. Some forecasters have warned the impending correction will see a 30% fall in property prices from their […]
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Derek Rose| Te New Daily| 28 July 2022 Apartments outperform house prices for first time in three years: Domain (thenewdaily.com.au) The price of apartments outperformed houses last quarter for the first time in three years, a new report shows. Domain’s June Quarterly House Price Report indicates the average price of a unit in Australia’s capital […]
[...]Rebecca Pike| Accredited Broker| 24 October 2018 https://www.brokernews.com.au/news/breaking-news/broker-role-vital-in-ccr-landscape-256510.aspx It has been nearly a month since the deadline for the major banks to share 50% of their credit information as part of the rollout of comprehensive credit report (CCR), but some lenders have been sharing data for much longer. One such lender has explained to Australian […]
[...]Peter Beaumont| The Adviser| 25 September 2018 https://www.theadviser.com.au/blogs/38294-brokers-should-ready-their-business-for-ccr Brokers are being urged to review important business processes ahead of a new credit reporting framework coming into effect later this week. Comprehensive Credit Reporting (CCR) begins on Friday, 28 September, when the country’s largest banks will begin sharing customer repayment histories with other lenders. As part […]
[...]Rebecca Pike| Australian Broker| 20 August 2018 https://www.brokernews.com.au/news/breaking-news/introducing-ccr-lending-behaviour-253836.aspx The head of a credit reporting facility has said brokers will need to be aware of lenders’ new risk appetite, including risk-based pricing, after comprehensive credit reporting (CCR) is introduced. The way lenders report borrowers’ credit information is changing and the major banks now have until the […]
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