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New mortgage values up almost 25% YOY
7 June 2024

The ABS has revealed a surge in the value of new borrower-accepted loan commitments year on year.

RBA ‘won’t hesitate’ to hike if inflation remains sticky
7 June 2024

The central bank is prepared to increase interest rates should inflation remain persistent, the RBA governor has said.

Foreign buyer housing market share drops
7 June 2024

The share of foreign buyers in Australia’s housing market has fallen from previous heights.

Retirees consider passing home equity to children: AMP
7 June 2024

Retirees are finding it difficult to balance their desire to financially support their children and their retirement lifestyle, according to AMP research.

SA removes stamp duty threshold for FHBs
6 June 2024

To encourage first home buyers to build new homes, the South Australian government has removed the stamp duty exemption threshold.

GDP at slowest growth rate since COVID-19
6 June 2024

Australia’s economic growth continues to slow, with the lowest through the year growth in almost four years, the ABS has revealed.

Beyond Bank and P&N consider merging
5 June 2024

A memorandum of understanding has been signed between the two mutual lenders to investigate the potential of a merger.

Government introduces BNPL consumer protections
5 June 2024

The federal government has announced new consumer protection legislation for buy now, pay later products.

Owner-occupiers dominate established housing markets
5 June 2024

Owner-occupier market share remained heightened during the March quarter, a major bank’s report has found.

GDP expected to slump: Economists
5 June 2024

‘Subpar’ growth has been called by bank economists ahead of the release of the next GDP print.

Non-major aligns with ‘world-first initiative’ to combat financial abuse
5 June 2024

The banking group has joined national organisations in a pledge to tackle financial abuse.

Surge in loan approvals driven by FHBs
5 June 2024

New loan approvals are up almost 10 per cent since autumn 2023, signalling a revival of young buyer confidence.

Housing supply likely to worsen before it improves: Economist
4 June 2024

The housing shortfall has become the main driver for increased house prices and is unlikely to improve quickly, according to AMP’s Shane Oliver.

RBA likely to be ‘comforted’ by FWC wage decision
4 June 2024

The Fair Work Commission’s decision to raise the award wage is expected to be within the central bank’s forecasts.

City dwellers move to the regions in droves: CBA
4 June 2024

A record number of city-siders have moved to regional Australia, the major bank has revealed.