Page 22 - Wayne Byres News Today

EnvironmentAustralian regulator issues long-awaited climate risk guidance Paulina Duran 2 minutes read Australias prudential regulator on Thursday unveiled long-awaited guidance for banks, insurers and pension funds around managing and disclosing climate-related risks, including physical, transition and liability exposures. Issuing a draft version for consultation, the Australian Prudential Regulation Authority (APRA) said the guidance paper aimed to give greater clarity of its expectations but...

Advertisement The banking regulator says lenders may need to limit their exposure to customers at most risk from climate change, or even consider dumping some of these clients, as it pushes the industry to sharpen its focus on climate risks. The Australian Prudential Regulation Authority (APRA) on Thursday for the first time released prudential guidance on climate change risks in a move to give banks, insurers and super funds more clarity on a fast-moving issue. The document did not set hard ru...

The Straits Times The Australian property market is defying the naysayers.PHOTO: AFP https://str.sg/JyZK They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet ...

Cheap money has a high hidden price for society The Reserve Bank hopes that low rates will see economic growth lift off. But it has already blasted the price of a home into a dangerous new orbit. Share The great Australian dream is in danger of falling victim to the ‘bystander effect’. House prices surged at their fastest monthly pace in 32 years in March, equal to annualised growth of 33 per cent. A generation denied entry to the housing bubble.   Louise Kennerley Property prices are virt...

Reserve Bank of Australia Holds Cash Rate Amid Red Hot Housing Market The Reserve Bank of Australia (RBA) has said it would continue to “carefully” monitor trends in housing borrowing after announcing it will hold the cash rate at the current record low 0.1 percent. Following the bank’s monthly meeting, RBA Governor Philip Lowe noted Australia’s economic recovery was much stronger than initially expected. However, despite the housing market experiencing the fastest price growth in 32 ye...

The case for falling house prices next year Save Share MLC’s chief economist, Bob Cunneen, is the first to offer an alternative story on the property market, tipping prices to fall 7 per cent next year as the world starts to push fixed interest costs higher. While property prices posted the fastest growth in 32 years in March, and most economists expect property prices to grow from 15 per cent to 20 per cent from the trough in October 2020 through to mid-2022, Cunneen says prices could fal...

Christopher Niesche: House prices in Australia have come roaring back to life 4 Apr, 2021 05:00 AM 5 minutes to read Like New Zealand, house prices in Australia are rapidly scaling new heights. Photo / Getty Images COMMENT: By any measure the house for sale at 76 Nicholson Parade in Australias Cronulla is a dump. The derelict two-bedroom home in Sydneys south had been lying derelict for 35 years, is uninhabitable and was in such poor condition the estate agents had to warn pot...

UBS predicts a push by investors could aid the surge in property values, with regulators unlikely to intervene until late this year.

What is driving the housing market boom, and could Australia follow New Zealand's lead by introducing measures to dampen property prices?

Housing boom in New Zealand threatened by loan, tax changes. Will Australia follow? Posted 6 updated 3 AprApril 2021 at 11:42pm Brendon and Gauri Miszka are trying to buy their first home in Sydney during the citys latest property boom. ( Share Print text only Cancel IT professional Brendon Miszka and his wife Gauri are inspecting a house in Sydneys north-western suburbs. Theyre looking to buy their first home but, despite good jobs and a decent deposit, theyre finding it tough. "I think wer...