Financial regulators are keeping an eye on Australia s booming housing market, but at this stage they are comfortable that lending standards have not been relaxed.
New lending figures for April are released on Friday, which potentially will see a further rise in new housing loans after increasing 5.5 per cent to a record high in March, to be a huge 55.3 per cent higher than a year earlier.
The strength in lending has gone hand-in-hand with rising house prices, which nationally stand over 10 per cent higher than a year earlier.
Lending has largely been secured by owner-occupiers, and particularly first home buyers.
Jane Hume wins costs from The New Daily
Jun 2, 2021 â 10.15am
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The prudential regulator has opened a new probe into AustralianSuperâs move to hand over the customer data of its 2 million members to
The New Daily website, which this week paid damages to settle a complaint from Superannuation Minister Jane Hume.
A note on
The New Daily website published this week apologised to Senator Hume for an article written by commentator Michael Pascoe in April âregarding Australiaâs lack of a beneficial ownership register, which contained criticism of aspects of Commonwealth government policyâ.
Senator Jane Hume was paid damages by the industry superannuation-owned website The New Daily. Â
In good news for income-seeking investors, the ASX’s dividend boom is set to be driven by the resources sector in the short term, and the major banks longer term.
The New Daily issues apology for hurt and distress caused to senator mumbrella.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mumbrella.com.au Daily Mail and Mail on Sunday newspapers.