April property figures from RP Data have confirmed the nation’s property markets are softening.
New home sales recorded a 0.1 per cent rise in April, Housing Institute of Australia (HIA) figures revealed today.
Total credit provided to the private sector by financial intermediaries rose by a small 0.4 per cent in April, Reserve Bank aggregates on Friday showed.
Housing markets remain subdued, auction clearance rates for the weekend have revealed.
IMB Banking and Financial Services (IMB) has announced the withdrawal of its residential loan products from the broker channel, effective June 30 2008.
Rising delinquencies are insignificant to any recovery in capital markets, according to Fitch Ratings’ Ben McCarthy.
Mortgage stress is low on a national basis in Australia but rife in certain regions and postcodes, according to Fitch Ratings.
NAB Broker unveiled a new stepped trail commission structure this afternoon.
It’s back to a buyers’ market according to RP Data as properties take longer to sell and stock levels mount up due to decreased buyer activity.
Residential building activity increased slightly in the March quarter by 0.3 per cent, seasonally adjusted, to reach $9.731 billion.
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