Economy

The recovery in Australian house prices continued in November, with CoreLogic stating that house values look set to surpass their pre-COVID highs in the first quarter of 2021.

The RBA governor has indicated that he does not expect to see a substantial increase in house prices due to soft population growth amid the COVID-19 crisis.

The Australian economy saw strong growth in the September quarter, officially bringing the country out of recession.

The Reserve Bank has announced its cash rate decision for the month of December, staying in line with market expectations.

The Australian economy is unlikely to see a “lasting drop” in potential growth due to the COVID-19 crisis and should see a sustainable recovery, according to new analysis.

A CBA economist has revised his economic outlook to paint a more optimistic picture amid the COVID-19 crisis, and dismissed comparisons with the Great Depression.

The demand for mortgages has remained strong during the September quarter despite weaker overall consumer credit demand, according to data.

Despite October 2020 recording the highest level of mortgage activity this year, the major banks saw zero net growth in volume, according to new data.

The prudential regulator has provided guidance on the interim capital treatment of new or additional equity investments in banking and insurance subsidiaries.

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