July 1st brings mortgage industry changes: New DTI rules, LVR restriction easing, Bright-line test changes.
OCR 5. 5 % - remains unchanged. First Home Grant is no longer available for applications. Increased activity among "movers".
CCCFA Changes: The government is implementing changes to the Credit Contracts and Consumer Finance Act (CCCFA) to simplify lending processes and enhance consumer protections.
Banks need consistent competition to provide better outcomes for consumers.
Unemployment rate hits 4%. Migration trends shaping the workforce. Housing affordability challenges and more.
