Westpac: House prices will rebound, but there will be some 'urgent' sales

A big four bank believes the fall in the housing market will be half as bad as originally projected, claiming they’ll overcome a sell off of defaults to return to growth much quicker than expected.

Houses on the menu for property investors, but many worry they won’t secure a loan

Veteran investors are looking to buy a standalone house in the next year, according to an industry group, but they’re worried banks won’t give them the loans they need.

Used car prices balloon by 25 per cent in a year: analysts

Used cars values jumped by 25 per cent since the beginning of the year, a new report reveals, spurred by a drop in supply, a lift in demand and the lockdowns instituted to contain COVID-19.

The typical home shed about $12,500 this year: ABS

The typical home dropped more than $12,000 in price since the beginning of the year, according to the nation’s statistical agency, possibly ushering in a property fall.

Households had more money in the June quarter despite COVID-19: ABS

Despite the calamity of a once-in-a-century pandemic that led to almost a million jobs being lost, household income went up in the June quarter due to record social security payments, the nation’s statistical body revealed.

Banks look to jump-start economy while dealing with COVID-19

NAB and Westpac offered some insight into the economic casualties of the COVID-19 pandemic and a recovery path forward in their responses to a parliamentary committee today.

Australians readying to open their wallets and spend: Westpac

Australians are ready to spend their way out of a recession with consumer confidence soaring by almost 20 per cent in a month, research from Westpac suggests.

Home loans rebound, largest monthly rise on record: ABS

The home loan market is showing signs of a recovery following the COVID-19 volatility with a surge in new commitments, figures from the ABS reveal.

Coming off a ‘mortgage holiday’? Ask your bank these questions

Banks are checking in on 450,000 mortgages to see if payments can be resumed. Here's some questions you may want to ask and some tips to consider.

Almost $40 billion in loans default or are overdue for the quarter: APRA

Almost $40 billion in loans is either overdue or can’t be paid back to banks in the most recent quarter, according to APRA, and that number would’ve been higher had it included deferred mortgages.