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Auction Results 08 Jun 2019

Domain have released their preliminary results for today, a long weekend for many, so not necessarily a typical day’s sales. The final results last week settled a little higher at 52.4%, with 1,321 listed and 665 sold, still lower than a year ago. Volumes remain light both in terms of total sales and total value. … Continue reading “Auction Results 08 Jun 2019”

APRA’s Myopic On Housing Loans

APRA took a question on notice relating to the average size of mortgages from Senator Peter Whish-Wilson during Budget Estimates, and the answers have just been released. The questions are sensible, the answers once again show how myopic the data APRA produces is. They only report the value of loans and number of loan accounts … Continue reading “APRA’s Myopic On Housing Loans”

Canadian banks Have Increased stability buffer Imposed

On 4 June, Canada’s Office of the Superintendent of Financial Institutions (OSFI) made its semi-annual domestic stability buffer announcement, implementing a 25-basis-point increase in the minimum amount of capital it requires domestic systemically important banks (D-SIBs) to hold. Canadian D-SIBs will have a minimum Common Equity Tier 1 (CET1) capital requirement of 10.00% as of … Continue reading “Canadian banks Have Increased stability buffer Imposed”

RBA Sets The Scene For More QE

Following a review, the Reserve Bank has assessed that Authorised Deposit-taking Institutions (ADIs) using the Committed Liquidity Facility (CLF) can increase their holdings of high quality liquid assets (HQLA) from 25 to 30 per cent of the stock of HQLA securities. This change is possible because the volume of HQLA securities has risen over recent years. To … Continue reading “RBA Sets The Scene For More QE”

Brokers On The Boil?

Broking groups have reported a spike in borrower enquiries following the Reserve Bank’s decision to slash the cash rate to a new record low, via The Adviser. On Tuesday, the Reserve Bank of Australia (RBA) cut the official cash rate for the first time in almost three years, dropping the cash rate by 25bnps to … Continue reading “Brokers On The Boil?”