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Australian economy on ‘narrow path to a soft landing’: IMF

A “strong cyclical position” bodes well for Australia, but tightening is still needed, major UN agency the IMF, has assessed

APRA’s 2023 priorities about ‘embedding’ regulatory reforms

The prudential regulator has fewer policy priorities this year as it prioritises bedding down regulatory reforms to ensure ...

Higher density living contributes to building approval surge 

Building approvals for units lifted more than 55 per cent in December, contributing to a surge in approvals for December, the ...

‘Bite the bullet’ and invest in affordable housing: AHURI

The Australian Housing and Urban Research Institute has told a Senate inquiry that Australia needs more affordable housing ...

$350bn fixed loan credit ‘rolling off’ to variable: RBA

The central bank has said it expects about half of all outstanding fixed loan debt to change to variable rates in 2023.

APRA appoints 4 to executive team

The prudential regulator has announced four new executive appointments as well as changes to the structure and ...

Consultation for sweeping payments reforms closes

Public consultation for the federal government’s payment systems reforms to ‘modernise’ the financial system closes on 7 ...

‘We will renovate the Reserve Bank’: Chalmers 

The federal Treasurer has advocated the renovation of the central bank and overhaul of markets in his new essay, “Capitalism ...

Home prices fall for 10th consecutive month

National home prices have dropped once again in January, although according to Home Value Index from PropTrack and CoreLogic, ...

AMP acquires Nano home loan book

AMP Bank has announced the acquisition of Nano’s residential mortgage portfolio.

Robodebt royal commission unearths mortgage impact

The royal commission has urged those impacted by ‘Robodebt’ to lodge submissions before the 3 February final deadline.

NSW updates FHB scheme to include domestic violence victims

Domestic Violence NSW is embracing pre-election bipartisan plans to help ‘survivors’ become first home buyers, chief ...

Lenders urged to adopt open banking for BNPL/pay advance oversight

Frollo is calling on mortgage lenders to adopt open banking so they can view a borrower’s buy now, pay later and pay advance ...

Housing barrier impacting NSW skilled worker demand

Housing hurdles have been highlighted in Business NSW’s pre-election push for ‘doubled’ skilled migration intake.

HIA calls for tax reforms on housing

Ditching stamp duty alongside a new visa for skilled migrants is among the calls the Housing Industry Association has made ...

RBA appoints new head of domestic markets

The central bank has announced a new role for its deputy secretary, effective 6 February.

Call for full BNPL regulation gains more supporters

The Australian Retail Credit Association and the University of Sydney have joined the chorus of those calling for the buy ...

Mortgage stress hits 10-year high: Roy Morgan

The current rising rate environment has put 23.9 per cent of mortgage holders now “at risk” of stress, Roy Morgan research ...

Property Council names new CEO

Following the resignation of Ken Morrison late last year, the Property Council of Australia (PCA) has named its fifth chief ...

Suncorp board member receives OAM

A non-executive director of the Suncorp board and former Westpac executive has been awarded a Medal of the Order of Australia

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