Tag: Australian Housing Market

  • Mortgage Holders Outspend Renters on Discretionary Items: CBA Report

    According to recent data from the Commonwealth Bank of Australia (CBA), mortgage holders spend more on discretionary items than renters despite having more significant financial obligations. On 15 August, CBA released its latest Commbank Household Spending Insights (HSI) Index, highlighting a significant spending gap between renters, mortgage holders, and homeowners. The HSI Index, which tracks…

  • Senate Launches Inquiry into Impact of Financial Regulation on Home Ownership

    The Senate has initiated a new inquiry to examine the impact of financial regulation on home ownership in Australia. This inquiry, conducted by the Senate Economics References Committee, will explore how current lending regulations can be adjusted to make homeownership more accessible, particularly for first-time buyers. The inquiry will involve consultations with Australian borrowers, the…

  • 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…