The new enemy of renters: Mums and dads
Few seem to care about renters fate but, for once, a little help may be coming their way.
Eryk Bagshaw is an economics reporter for the Sydney Morning Herald and The Age, based in Parliament House
Few seem to care about renters fate but, for once, a little help may be coming their way.
The Reserve Bank has warned regulators it could be forced to clamp down further on home loans and take more drastic action to cool the overheated housing markets.
One third of new mortgage owners have less than a month's buffer against financial instability, the Reserve Bank has warned.
Investors are being shut out of the market with value of home loans written falling by 6 per cent.
The Reserve Bank has held the cash rate steady amid growing pressure to lift rates to contain soaring home prices.
A cyclone the size of Debbie would have catastrophic consequences on the Gold Coast, new modelling has shown, as climate change pushes cyclones further south and building codes fail to keep up on the high-rise strip.
Australia's industry super funds have launched an unprecedented advertising campaign.
Consumer confidence in the Australian housing market has collapsed to its lowest level in 27 years, with the proportion of Australians believing real estate was the wisest place to put savings falling to below 12 per cent, the lowest level since 1974.
Major bank warns government measures designed to address affordability could actually drive up prices.
Cash withdrawals have plummeted by 7 per cent as Australia gets ready for a new payments system.
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