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Economy

HIA welcomes new JobTrainer program

The federal government’s latest COVID-19 support package has been welcomed by the Housing Industry Association, saying the program would support the sector as it faces “many hurdles” over ...

HIA welcomes new JobTrainer program
Data bias, risks inherent in banking AI

While the majority of banking executives believe AI will separate winning banks from “losers”, new research has shown that there are fundamental risks involved.

Data bias, risks inherent in banking AI
Major bank accused of interest rate ‘collusion’

Class action law firm Maurice Blackburn has alleged that a big four bank colluded with external parties to tie up borrowers in “unfair high-interest loans”.

Major bank accused of interest rate ‘collusion’
Housing market to withstand jobless surge: PIPA

The head of the property investment group expects the market to withstand economic headwinds, despite new ABS data revealing that the unemployment rate has hit a 22-year high.

Housing market to withstand jobless surge: PIPA
Housing sentiment defies broader mood

Consumer sentiment around housing and purchasing a dwelling has bucked the wider trend in sentiment around the economy.

Housing sentiment defies broader mood
AOFM to invest $30m in Wisr warehouse

The Australian Office of Financial Management has approved an initial investment of $30.8 million into the neo-lender’s warehouse through the Structured Finance Support Fund.

invest
Building activity waned ahead of COVID drag

Residential building activity contracted over the March quarter, prior to the introduction of lockdown measures imposed to curb the spread of COVID-19, new ABS data has revealed.

Building activity waned
ME Bank CEO to step down

Jamie McPhee, the CEO of super fund-owned bank ME Bank, has resigned after nearly 10 years in the role.

ME Bank CEO to step down
Auction withdrawals swell amid social distancing

New quarterly data has revealed the full impact of social distancing measures amid COVID-19 on auctions, with withdrawal rates taking a particular beating.

Auction
HomeBuilder sparks surge in home sales

New home sales have spiked off the back of the federal government’s HoemBuilder scheme, according to new research.

HomeBuilder
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