No interest rate cuts this year: RBA governor
Reserve Bank of Australia governor Michele Bullock has all but ruled out a cut to the cash rate this year in a blow to households with mortgages.
Home loan rate adjustments slow to a trickle
Australia’s fifth-largest bank, Macquarie, unveiled new mortgage rates amid another week of subdued home loan...
Glory days over? Nary a spicy term deposit movement in sight
Commonwealth Bank was by far the biggest brand to make term deposit moves this week, but a few small mutual banks made some interesting moves in an otherwise...
Australia’s unemployment rate climbs to 4.2% despite more jobs created
The nation’s headline unemployment rate climbed to a seasonally adjusted 4.2% in July as more Aussies looked ...
Not all cities to see housing price growth this year: ANZ
Capital city home prices are expected to gain another 7.3% in 2024 although not all cities will see an increase.
CommBank unveils new term deposit rates following softer FY 2024 results
Australia’s largest bank announced big changes to its term deposit rates on Wednesday after posting a drop in net cash profit in the 2024 financial yea...
Australia’s wages grow at slowest pace in 12 months
June quarter wages growth in Australia rose at its slowest pace in a year, confirming the expectations that the cycle's peak has passed, data from the Austra...
Are the Macquarie home loan rate cuts a sign of more to come?
On Tuesday morning Macquarie Bank delivered fixed-rate home loan cuts, some hefty, in a potential 'tea leaves' scenario for Australia's fifth-largest bank.
Term deposit rates head south as RBA holds steady
Term deposit rates headed down in the week that saw a RBA rate hold.
Another subdued week of home loan rate movement as RBA steadies the ship
This week, there was scant noteworthy rate movement in the home loans space as the RBA steadied the ship with another rate hold, but a couple of banks moved ...
Australian monthly rent growth hits four-year low
Rent prices across the country are no longer rising at breakneck speed, with new data showing the rate of increase slowed to its lowest level since 2020.
...How are mortgage borrowers holding on after all these interest rate rises?
Despite the prospect of interest rate cuts a distant possibility, mortgage holders remain resilient in meeting their obligations, said the finance chief of o...
RBA leaves interest rate unchanged as it continues to tame inflation
Wrapping up its two-day policy meeting, the Reserve Bank of Australia (RBA) once again kept the cash rate on hold at 4.35% until September.
Household spending dropped 0.5% through June
Household spending dropped 0.5% through June, but there's still plenty of signs suggesting demand in the Australian economy is still not slowing quickly enou...
Investors bullish on housing, seeing out strong 2024 financial year
The latest lending data from the ABS shows the value of new housing loans rose a further 1.3% to see out the 2024 financial year.
And just like that, the wind is taken out of term deposits' sails
The interest rate crystal ball is foggy, and consequently some banks have moved their rates down, however there were a few bright spots this week.
Prices rose 1.0% to see out the 2024 financial year
The CPI inflation indicator, which some economists called the "critical piece of data" head of next Tuesday's monetary policy decision, shows price...
Banks enticing customers onto variable rates
A few interesting movements in the home loan space pointed to changing tides, with the next couple weeks crucial for knowing which way rates will go.
Banks move term deposit rates up ahead of key RBA August meeting
Macquarie Bank makes a play for the top term deposit rate on one-year terms, following a second consecutive hike this week.
Capital cities post new home price records amid slowing growth
Home prices across Australia’s combined capitals hit another record, with Brisbane on track to surpass the $1...
Which banks changed term deposit rates this week?
In what was a pretty uneventful week for juicy term deposit movements, Macquarie Bank managed to hike, and so did CBA and NAB, along with a host of mutual ba...
Customer-owned banks lead home loan rate shifts
Mutual banks led the charge in this week’s home loan rate movements as the market awaits the Reserve Bank’s upcoming cash rate decision.
Jobless rate increases amid strong labour demand
Australia’s headline jobless rate rose to 4.1% in June, reinforcing the prospects of another RBA cash rate hold to sustain labour market gains.
Two major banks boost one-year term deposit rates
CommBank and NAB have recently hiked term deposit rates on one-year terms, in what appears to be an anticipation of the cash rate increasing.
