Powered by MOMENTUM MEDIA
Broker Daily logo

Making news this week (week ending 27 May)

Making news this week (week ending 27 May)
expand image

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.

 

You can read the full stories here: 

==
==

Broking industry reacts to Labor win 

On Monday (23 May), the leader of the Australian Labor Party (ALP), Anthony Albanese, was sworn in as the 31st Prime Minister of Australia, alongside four frontbenchers, following the 

Election 2022: What’s next for housing? 

With the country now facing a rising interest rate environment amid record-high property prices, a key focus of this campaign has been on housing affordability (largely centred on home ownership, rather than renting).

ASIC didnt appeal ‘Wagyu and Shiraz’ case due to pandemic: former ASIC deputy chair

The regulator didn’t appeal the decision of the Westpac expenses case due to the “economic and health crisis”, the former deputy chair of ASIC has revealed.

NZ lifts interest rates

The Reserve Bank of New Zealand has lifted the benchmark interest rate to 2 per cent, as it tries to get a handle on surging inflation.

Treasurer Chalmers outlines economic priorities

The new federal Treasurer Jim Chalmers has set out Labor’s first priorities for the “tricky” economy.

 

More on Economy
11 November 2024
An increase in mortgage demand has suggested that consumer confidence is beginning to improve amid rate cut expectations
11 November 2024
The Treasury’s analysis of Australia’s economic performance highlighted plenty of concerning trends. However, business ...
11 November 2024
Mortgage interest charges have continued to rise, however, have been offset by lower fuel and electricity prices.