Auction Results 06 July 2019

Domain released their preliminary results today. The final results for last week showed a higher clearance rate but still on low volumes. In Canberra, 50 auctions were listed, 39 confirmed and 17 sold with 2 withdrawn and 22 passed in to give a Domain clearance of 41%. We think that should be 34%. In Brisbane, … Continue reading “Auction Results 06 July 2019”

APRA finalises amendments to guidance on residential mortgage lending

The Australian Prudential Regulation Authority (APRA) has announced that it will proceed with proposed changes to its guidance on the serviceability assessments that authorised deposit-taking institutions (ADIs) perform on residential mortgage applications. In a letter to ADIs issued today, APRA confirmed its updated guidance on residential mortgage lending will no longer expect them to assess … Continue reading “APRA finalises amendments to guidance on residential mortgage lending”