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Auction activity loses pace ahead of Cup Day  

Auction volumes are again set to drop this week, disrupted by the annual Melbourne Cup carnival, with celebrations kicking ...

Banks welcome budget’s cyber security funding

The Australian Banking Association has welcomed the government’s National Anti-Scam Centre amid a swathe of breaches.

21.1% of mortgagors ‘at risk’ of mortgage stress: Roy Morgan

Rising interest rates have resulted in an estimated 948,000 mortgagors being “at risk” of mortgage stress, according to new ...

Housing prices drive up CPI

New dwellings were one of the major contributors to the consumer price index rising in September 2022, according to the ...

Labor’s budget 2022/23: Video explainer

The new Labor government has painted a fairly grim economic picture of its first budget, but flagged “ambitious” housing ...

ANZ to pay $25m for ‘misleading customers’ over 20 years

The Federal Court has ordered the big four bank to pay a $25 million penalty for failing to provide certain benefits to ...

Industry reacts to the Budget’s housing promises

The housing industry has welcomed the federal government’s Budget 2022/23 that has laid the groundwork to boost supply.

NAB offers $1k grant to flood-impacted customers

The major bank has opened grant applications for customers affected by the recent extreme weather conditions in officially ...

New report flags the good, bad and ugly of wholesale markets

ASIC is calling on the major banks, Macquarie and JP Morgan, to benchmark themselves against a new report regarding conflicts ...

Budget 2022/23: What you need to know

Treasurer Jim Chalmers has delivered his first budget speech pledging reforms that will boost housing supply and encourage ...

Home loans continue to sit above decade average: CommSec

The latest quarterly CommSec data has revealed the top economically performing states in Australia.

Major banks tip ‘red hot’ inflation in September quarter

The Commonwealth Bank and ANZ have released their CPI predictions.

$1.1bn boost: Vic Homebuyer Fund ‘supersized’

New state government funding has tripled Victoria’s Homebuyer Fund shared equity scheme.

Property price ‘floor’ expected by early 2023: NAB report

A stabilisation in cash rate changes by early 2023 will likely see the market normalise, a new market report for brokers from ...

AMP loan book exceeds $23bn

Continued strength in AMP’s deposit-to-loan ratio has driven its Q322 loan book growth, the bank has confirmed.

Qld Premier ‘astounded’ by the cost to build

The Sunshine State’s Premier has thrown an additional $1 billion towards its home-building fund, after acknowledging the dire ...

Outgoing APRA chair defends risk weighting framework

Bankers who complain about housing risk weights are “not letting the facts get in the way of a good story,” outgoing APRA ...

Home settlements pass double-digit decline: PEXA

Settlements decline proves Australia’s residential property market’s record run is over, PEXA has said.

Dwelling construction hits ‘record high’: ABS

There were record-high numbers of dwellings under construction in the June quarter 2022, the ABS has revealed.

Heartland to acquire Challenger Bank

The financial services group is to acquire Challenger Bank, including its $89 million retail lending and $228 million of ...

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