Banks are tightening their internal lending processes in an attempt to improve the quality of their loans and ensure borrowers can repay in changed circumstances.
Winners of the 2017 Eat Drink Design Awards announced
From a whimsical bar in Sydney's downtown Paddington, to a boutique hotel in regional Victoria, the Eat Drink Design Awards showcase the exquisite work being done in the field of Australian hospitality design.
Senate clears legislation to slug foreign owners with tax if they leave their properties vacant
The senate has cleared legislation that allows foreign owners to be charged an annual fee if they leave their properties vacant for six months or longer.
APRA measures push investors out, let first-home buyers in
APRA's efforts to clamp down on investor lending are taking effect, with the latest data from the Australian Bureau of Statistics showing that as investor lending declines, first-home buyers are increasing their presence in the housing market.
Auction sales achieved prices that were 0.974 per cent higher on a sunny day, which equates to nearly $11,500, based on the current median Sydney house price of $1,178,000.