Reserve Bank governor Philip Lowe has reminded banks they need to continue rigorously assessing home loan applications. “It is important that lending standards remain sound in an environment of low […]
Month: July 2021
Loyal borrowers pay higher interest rates
Borrowers who stick with the same lender year after year are probably being slugged with a ‘loyalty tax’, according to new data from CoreLogic. Owner-occupiers who took out new variable […]
ATO warns taxpayers about dubious expense claims
With more Australians now working from home, taxpayers have been warned not to “copy and paste” expense claims from previous years that would no longer apply. The Australian Taxation […]
Property now worth four times the size of Australia’s GDP
The total value of Australian residential real estate has now passed the $8 trillion mark, reaching $8.1 trillion at the end of April, according to CoreLogic. CoreLogic head of research […]