Making news this week (ending 29 July)

Rate rises ‘do and will hurt’: Treasurer

Releasing revised economic forecasts in his first ministerial statement on the economy, Treasurer Jim Chalmers has noted the “pain” that millions of mortgagors are feeling.

Inflation surges to highest figure since GST introduction

Australia’s annual consumer price index has grown to a rate of 6.1 per cent, with housing noted as a key driver.

Westpac to launch digital mortgage this year

Customers refinancing to Westpac’s Flexi First Option basic home loan will be the first to access the bank’s new digital mortgage, set to roll out in the final quarter of this year.

APRA chair announces plan to depart

Wayne Byres has advised the Governor‑General of his intention to step down as chair of the prudential regulator.

Kate Aubrey is the senior content producer of Momentum Media's mortgages titles: The Adviser and Mortgage Business.

Prior to joining Momentum Media, Kate covered regional and breaking news for ABC Radio for more than three years.

She has a Master of Arts in Journalism from the University of Melbourne and a Bachelor of International Business and Business Management from Griffith University.

Email Kate at: This email address is being protected from spambots. You need JavaScript enabled to view it.