Economy

Customer-owned banks cooperate to provide flood support
11 March 2022
Customer-owned banks cooperate to provide flood support

An array of customer-owned entities has come together to provide a banking hub for the residents of the Northern Rivers city, Lismore.

RBA governor says 2022 rate hike is ‘plausible’
10 March 2022
RBA governor says 2022 rate hike is ‘plausible’

The Reserve Bank could raise the cash rate later this year, but governor Philip Lowe has said it depends on the Ukraine war and local wages.

More disaster assistance flows to flood victims
4 March 2022
More disaster assistance flows to flood victims

More financial assistance begins to pour in for flood-impacted residents, as the deluge of the floods leaves hundreds of thousands of people affected.

Correction in housing expected: Former treasurer Peter Costello
1 March 2022
Correction in housing expected: Former treasurer Peter Costello

A “correction” in the housing market could be on the cards as interest rates lift, the former federal treasurer Peter Costello has suggested.

EXCLUSIVE INTERVIEW: Shadow financial services minister and shadow assistant treasurer, Stephen Jones MP
23 February 2022
EXCLUSIVE INTERVIEW: Shadow financial services minister and shadow assistant treasurer, Stephen Jones MP

In this exclusive interview with shadow financial services minister and shadow assistant treasurer, Stephen Jones MP, join Momentum Media’s editor of mortgages Annie Kane as she speaks to ...

Demand for personal loans up, as BNPL eased
23 February 2022
Demand for personal loans up, as BNPL eased

An overall increase of consumer credit for December 2021 – up 4.7 per cent – was driven by personal loans while BNPL demand eased, according to new data.

Regional migration more than doubled during the pandemic
18 February 2022
Regional migration more than doubled during the pandemic

New data reveals net migration to regional towns more than doubled over the two years during the pandemic – compared with the two years prior.

Housing supply needs to be more flexible: RBA governor
14 February 2022
Housing supply needs to be more flexible: RBA governor

The supply of “well-located” land needs to be addressed to improve housing affordability, the governor of the Reserve Bank of Australia, Philip Lowe, has said.

Australia’s ‘financial wellbeing’ drops slightly: CBA
14 February 2022
Australia’s ‘financial wellbeing’ drops slightly: CBA

Fewer Australians are financially well compared to 12 months ago, according to new data, yet are more secure than they were pre-pandemic.

Big four joins majors in offering bushfire relief
10 February 2022
Big four joins majors in offering bushfire relief

The last remaining big four bank has announced emergency assistance for customers in bushfire-affected areas in Western Australia.