• Australian Mortgage Payments Reach Pre-GFC Levels, Data Reveals

    Australians are now spending more than 20% of their pre-tax income on mortgage payments, a level not seen since before the 2008 global financial crisis, according to data from the Commonwealth Bank (CBA). This represents a significant increase from the late 1990s when households allocated just over 10% of their income to mortgage repayments. The…

  • Mortgage Sector Welcomes CDR Reset for Enhanced Consumer Benefits

    Assistant Treasurer Stephen Jones recently reaffirmed the Australian government’s commitment to the Consumer Data Right (CDR), a move welcomed by the mortgage and banking sectors. Established in 2019, the CDR grants consumers greater control over their data, allowing secure sharing with accredited third parties like mortgage brokers. This initiative aims to boost competition, innovation, and…