GENERAL NEWS
THE Albanese government has finally won support from the Greens for its $5.5 billion Help to Buy scheme and built-to-rent subsidy bills – which, after a year of haggling, will be...
According to Standard & Poor’s Global Ratings’ Q3 market overview, Victoria now holds the top spot for arrears, with investor arrears outpacing owner-occupiers after the...
This as owner-occupier arrears in Victoria have stabilised over recent months, while investor arrears have continued to mount. With Victorian investors facing higher property taxes that...
While Victoria has taken first place for arrears, the state saw its median property prices tumble below Brisbane’s earlier in the year...
Speaking nationally, arrears are still relatively low thanks to supports such as low unemployment rates, refinancing, ongoing savings buffers and mortgage...
Nonconforming arrears were also down over the quarter, from 4.04% in Q2 to 4.01% in Q3. This category is currently varied by transaction with strong property prices allowing mortgage...
Prepayment rates were up over the quarter for both prime and nonconforming transactions, with S&P forecasting prepayment rate to climb when interest rates are...
Mortgage delinquencies are currently forecast for moderate rises into 2025, according to Moody’s, who also zeroed in on Melbourne as the emerging centre for home arrears...
Australians “at risk” of mortgage stress is still elevated however, after a 680,000 increase since the RBA began its rate hiking cycle in May 2022 to 1,487,000...
Likewise, the number of Australians considered “extremely at risk” is also well above the 10-year long-term average of 14.6%. With 928,000 or 16.7% of mortgage holders now extremely at risk...
The latest ABS quarterly inflation figures for September 2024 showed annual inflation at 2.8% – down 1% point from June 2024. This is the lowest official inflation estimates since...
If the RBA does move to drop interest rates by 0.25% to 4.10% as soon as its December meeting, the number of mortgage holders at risk would drop by 12,000...
The rapid decline in inflation over the last year has led to hope that the RBA will reduce interest rates in the months ahead. However, the RBA has stated that they are keeping...
The latest ‘trimmed mean’ estimate for inflation for the year to September 2024 was still above the desired target range at 3.5%. Nevertheless, the decline in inflation pressures is...