Retail sales soar 2%: Will Black Friday bother the RBA next month?
Australians flocked in Black Friday sales, bolstering retail turnover 2% to $36.5 billion in November 2023, the latest ABS data shows.
Which banks moved home loan rates before Christmas?
In the final week before Christmas, three home loan providers including Bendigo Bank adjusted home loan rates.
Christmas disappointment: Big banks slash term deposit rates
It was likely a week of disappointment for hopeful term deposit holders, as many of the market’s biggest players slashed their rates on offer.
How will Aussies' household budgets, finance, and share portfolios perform in 2024?
2023 was a tumultuous year for Australian households and their personal finances. They might need to stick out six more months of rockiness in 2024 before ra...
How will Australia's economy and inflation outlook fare in 2024?
Economists have tipped austerity to continue in the first half of 2024 but this could change with confidence returning to market if the RBA cuts the cash rat...
What's 2024 got in store for property values and homebuying?
We can stick a fork in 2023, because we're pretty much done. So what's 2024 got planned for property, and homebuying?
10% of investors selling property lose money
Property investors appear to have been dealt a blow in the three months to September, as 10% of sales of investment...
Australia Post to compensate thousands of business customers $2.9m
Australia Post and StarTrack business customers could receive a share in $2.9 million of compensation after initially being denied by the postal service prov...
Blaming migrants for housing crisis ‘nonsense’: 40+ organisations
Dozens of housing, homelessness, and community services organisations are calling on the Federal Government and the...
Competition regulator releases its retail deposit inquiry into banks' subterfuge
The ACCC has found that in the first half of 2023, 71% of bonus interest accounts did not receive bonus interest in any given month.
CommBank & Macquarie cut term deposit interest rates, tiny mutual hikes
The week that’s been was a busy one for term deposit enthusiasts, with some of the market’s biggest par...
Unemployment ticks up to 3.9%: Interest rate rises working as intended
ABS data revealed the unemployment rate continues a gradual uptick, posting a 3.9% result in November - a 10 basis point increase from the month prior.
What will be the main property themes in 2024?
Australia could be in for more activity in the property market through 2024, with listings rising while buyer sentiment might be improving.
Is the outlook for the economy improving? Consumer sentiment still low but green shoots appearing
Several signs in the Westpac-Melbourne Institute's Consumer Sentiment Index suggest inflation will continue to moderate, and render further cash rate increas...
JB Hi-Fi in hot water over 'junk' extended warranties
A class action from Maurice Blackburn lawyers alleges JB Hi-Fi has been selling customers warranties that offer no rights that aren't already guaranteed by A...
Term deposit alert: Judo Bank slashes rates, Bank Australia hikes
In what could be a devastating blow for term deposit enthusiasts, the market-leading rate revealed just last week has been cut.
Which banks and lenders increased home loan rates this week?
It was a mostly quiet week for home loan rate movements after the RBA decided to keep the cash rate at 4.35%, but Macquarie and ANZ were among several banks ...
How to minimise energy bills in an El Niño summer
As Australia braces for what BOM says could be a summer of 'severe' heat, it's more important than ever for households to be cost-conscious when cooling the ...
Telstra refunds $21m after wrongly charging thousands of customers
The communications watchdog has ‘lost patience’ with Australia’s largest telco after it was once ...
Sluggish GDP, per capita recession, confirm what we all know
Gross domestic product figures released by the ABS show that beyond meagre growth, productivity is still in a slump, which will give the RBA a headache.
RBA holds at 4.35% in lead-up to Christmas but is this the right move?
While the hold will be welcome news for the mortgage belt, the RBA risks fondling the inflation snake for too long.
Household spending drops with Aussies still expecting high inflation
Australians remain pessimistic about the outlook for inflation even as spending growth continues to moderate, which might be exactly what Michele Bullock and...
What's the likelihood of the RBA increasing the cash rate in December?
Looking ahead to the RBA's final monetary policy decision of the year, experts say it's unlikely the RBA will deliver a cash rate lump of coal for mortgage h...
Week's winners: Judo Bank, People First, and Suncorp hike term deposit rates
And just like that, challenger bank Judo has regained its status as a term deposit market leader, hiking rates by 1...
