Business

Clancy Yeates

Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.

Investors have been denying owner-occupiers houses they once would have bought.

CBA raises fixed home loan rates

CBA is raising interest rates on a range of fixed-rate home loans, the latest big bank to increase costs for home buyers seeking to lock in their borrowing costs.

Banks are already reporting a growing number of buyers are struggling to settle on time.

ANZ warns on overbuilding in apartment market

The high-rise construction boom that is transforming the skylines of Sydney, Melbourne and Brisbane will probably leave parts of these cities with too many apartments, ANZ Bank chief executive Shayne Elliott predicts.

The apartment settlement bulge needs to be closely watched, BoQ chair Roger Davis says.

Apartment 'settlement bulge' a key risk for property

Bank of Queensland chairman Roger Davis has highlighted the risks from a looming surge in apartment settlements Brisbane and Melbourne, amid signs more buyers are facing difficulties completing off-the-plan purchases.