Economy

The RBA has announced its August rate decision as ongoing lockdowns dampen speculation about imminent rate rises.

The non-bank lender has hit the new milestone as part of its carbon conscious program, where a tree is planted for every new settled loan.

A report has found that home ownership is the single most important factor affecting a person’s perceived level of financial wellness.

The complaints authority has recruited three new ombudsmen (including from ANZ and Westpac), and promoted three others internally.

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The big four banks have responded to the expanded COVID support in NSW for businesses and workers impacted by extended lockdowns.

Property prices are expected to surge higher by end-2023 than they would have without the COVID-19 crisis, according to KPMG.

Owner-occupied lending grew by over $10 billion in May, but investor lending growth slumped after recently gaining pace, according to new APRA data.

The government has shuffled in some new directors across the boards of its National Housing Finance Investment Corporation and the Australian Housing and Urban Research Institute.

When money has no value, there’s a prevalence of ‘gift lenders,’ and the property market ‘pretends’ to rise, says Semper director Andrew Way.