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Lending rules have changed

Home lending is expected to become easier for owner-occupiers though not so much for investors or ‘risky’ borrowers, following the release this week of changes to bank capital rules. Banking regulator Australian Prudential Regulation Authority (APRA) has described its new…

Building boom set to slow

Building approvals have tipped down again, thanks to the ever-volatile apartment sector, official figures show. Data released this week by the Australian Bureau of Statistics shows that the seasonally adjusted number of dwellings approved fell 12.9% in October, following a…

Building steady

Building work done on new homes remains high, according to data released this week by the Australian Bureau of Statistics. The latest figures show that new residential building completed remained flat in the September quarter 2021, to be 7.0% higher…

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