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NAB Increases Investment Home Loan Variable Rate

It is reported that NAB is increasing its residential investment home loan interest rates by 25 basis points. The justification provided for this hike was “strong growth in investor segment”. The given justification appears not in line with the ABS data released in March 2017 that shows continuous decline in residential dwelling approvals. Or, is […]

Building Approval Falls Across Australia

Australian Bureau of Statistics (ABS) reported in March that number of dwelling approvals fell by 2.1 percent in January 2017. It also reported a downward trend in dwelling units approved over the period from January 2016 to January 2017 with 15.5 percent overall fall over the year 2016. The downward trend shows no signs of […]