Non-major bank sets lowest floor rate
ME Bank dropped its serviceability rate to 5.25%. It is the lowest floor rate following the Australian Prudential Regulation Authority’s (APRA) revision to its serviceability assessments for residential mortgage applications.
Perth leasing activity rises
More than half of suburbs in Perth saw increased leasing activity in July, according to data from the Real Estate Institute of Western Australia (REIWA).
Housing values "may have found a floor"
The national dwelling prices “may have found a floor” in July, with values stabilising after a consistent monthly decline through the first half of 2019, according to CoreLogic head of research Tim Lawless.
