RBA gives APRA’s use of macro tools a tick of approval
Ahead of an expected move to impose tougher lending rules on the banks, the Reserve Bank has looked into previous attemp...
Housing finance activity declined again in June, according to the latest figures from the Australian Bureau of Statistics (ABS), off the back of the slowing housing market.
Total loans for owner occupied homes fell 3.9 per cent, month-on-month, to be down by 28 per cent compared to one year ago.
First home buyer commitments as a percentage of all loan commitments also fell to 16 per cent, compared to 27.1 per cent in June 2009, when the boost to the first home owner grant was still in full swing.