RBA boss warns of inflationary pressure from 'global shocks' like Israel-Palestine conflict
The RBA Governor says the effects of monetary policy tightening are being felt throughout the Australian economy, but warned global shocks like the Israel-Pa...
Inflation shocks could prompt a Melbourne Cup day rate hike
RBA minutes from October suggest a rate hike in November could well be on the table if CPI inflation and unemployment data are not in line with forecasts, wi...
Housing crisis solution? More than 650,000 properties suitable for granny flats
Hundreds of thousands of additional residences could be built across Melbourne, Sydney, and Brisbane if homeowners were to construct granny flats, new resear...
Crypto platforms targeted under proposed regulatory changes
A new government proposal recommends crypto exchanges and digital asset platforms be subject to Australian financia...
Which banks modified home loan interest rates this week?
Despite the Reserve Bank of Australia (RBA) cash rate’s multi-month stagnation continuing, many home loan lenders adjusted the interest rates on offer ...
More big banks alter term deposit rates
Once again, several providers increased returns, but it wasn't all one way traffic with other banks decreasing rates this week.
Aussie banks pass 75% of cash rate hikes on to savers
While Aussie borrowers struggle against a dozen cash rate hikes, depositors have come out on top of their international peers.
Housing construction costs ease but rental crisis worsens
Supply of rental properties has hit a new record low, but there might be light on the horizon as the cost of building new residential houses continues to slo...
1 in 3 first home buyers lean on government guarantee scheme
An expanded Home Guarantee Scheme allowed 41,700 Australians to purchase their own property last financial year, wi...
Which lenders altered home loan rates this week, 6 October?
A quiet week for term deposit rates this week, 6 October
Only a handful of providers made rate adjustments in the term deposit space this week, with AMP, Bank of Sydney, and Firstmac increasing their rates.
Australia might need 70,000 extra rental properties to meet demand.
National vacancy rates dropped to new record lows in the September quarter, with rental rates rising accordingly.
CommBank-backed OwnHome rolls out Deposit Boost Loan
CommBank-backed OwnHome has launched a new financing option that will allow potential homebuyers to enter the housing market without needing to save up for a...
Payday lender Cigno sued by ASIC, allegedly charged fees 600% more than loan amount
The corporate regulator is taking two payday loan providers to the Federal Court, alleging some customers were charged fees totalling more than seven times w...
Cash rate still on hold in October
In her inaugural monetary policy move, RBA Governor Michele Bullock decided to extend the cash-rate freeze in October despite the recent uptick in the monthl...
Number of stressed mortgage holders at record high
Close to a third of mortgage holders are now at risk of mortgage stress, according to new research from Roy Morgan.
Here's what economists are saying ahead of the RBA's decision tomorrow
It'll be Michele Bullock's first monetary policy decision as governor, after Dr Philip Lowe's term expired mid-September, but many economists have tipped the...
Check out the biggest term deposit rate movers this week, 29 September
Is the cutting spree among term deposit providers finally over? Judo Bank, ME, and Bank of Queensland are beginning to increase their rates but some players,...
NAB does a do-si-do, increases home loan rates it cut two weeks ago
On Thursday NAB repriced a few fixed-rate home loans after cutting rates on the same products two weeks ago.
RACQ Bank introduces cashback offers to new homebuyers, refinancers
While several lenders have discontinued their cashback offers, RACQ Bank has broken from the pack, introducing a new cashback incentive for new home loan app...
Average Aussie's net worth increases to $567,632
The latest ABS data for the June quarter revealed the average Aussie's net worth increased 2.1% to $567,632 off the back of a rebound in property values and ...
Matildas drive retail spending 0.2% higher ahead of RBA rate decision
Retail trade across the nation increased 0.2% in August on a seasonally adjusted basis, with turnover lifting to $35.4 billion.
The areas in Australia where annual rent could increase by up to $3,900
Construction costs and 'investor bashing' mean the rental crisis is likely to continue, with Sydney, Melbourne and Brisbane showing signs rates will keep sur...
How 5.2% inflation will impact October's monetary policy decision
The ABS monthly inflation indicator came in at 5.2% in the 12 months to August, in-line with expectations and unlikely to push the chance of an RBA hike in O...