Economy

Home buying intentions have trended downwards, clearly indicating the impact of lockdowns across Australia, CBA data has shown.

Households’ comfort with debt was on a decline during the first half of the year, despite broader financial security hitting a high.

New home sales fell by 20.5 per cent in July, but time will tell if ongoing lockdowns have tainted consumer sentiment, according to a housing body.

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.