If you’ve been hearing lots of stories about people refinancing their home loans in search of lower interest rates, there’s a very good reason. Refinancing is at record levels, according to data from the Australian Bureau of Statistics. Borrowers refinanced $19.9 billion of mortgages in February – 22.6% higher than the year before, when refinancing … Read more
One of the country’s leading property economists has delivered an argument for why prices for established homes are poised to enjoy significant growth. Ray White Chief Economist Nerida Conisbee said problems in the construction and rental markets would push people to buy established homes (i.e. those that aren’t brand new), which would drive up prices. … Read more
Consumers are confidently snapping up new vehicles, and while they continue to gravitate towards the biggest brands, they’re also showing increasing interest in greener vehicles. A total of 269,002 new vehicles were sold in the first three months of 2023, which was 2.5% more than the first quarter of 2022, according to the Federal Chamber … Read more
Australia’s consumer watchdog has sounded the alarm about sophisticated bank impersonation scams that have claimed a number of peoples’ life savings. The Australian Competition and Consumer Commission (ACCC) said scammers were using new technology to trick their victims. This included: Making calls appear to come from a bank’s legitimate phone number. Sending text messages that … Read more
