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Economy

Detached housing approvals boom
1 October 2020
Detached housing approvals boom

A rise in demand for detached housing in August – potentially driven by HomeBuilder – countered a sharp drop in the number of apartments approved, according to ABS stats.

Buyer demand drives up Perth house prices
1 October 2020
Buyer demand drives up Perth house prices

Almost half of all Perth suburbs have recorded price growth in August off the back of reduced sales stock and rising buyer demand, according to a property investment consultancy.

Government announces $800m digital business plan
29 September 2020
Government announces $800m digital business plan

The Prime Minister has announced that the federal government will invest nearly $800 million to help businesses digitise, including developing a new digital identity system, and more money ...

BOQ director to step down
29 September 2020
BOQ director to step down

The lender has announced the retirement of a long-serving non-executive director.

High auction withdrawals persist in Melbourne
29 September 2020
High auction withdrawals persist in Melbourne

Auction volumes increased in Melbourne last week, but the high withdrawal rate indicates a reluctance to test the market during lockdown, according to CoreLogic.

Knowledge gap delays home ownership: UBank
28 September 2020
Knowledge gap delays home ownership: UBank

Purchasing property is one of the top two savings goals for younger Australians, but a lack of financial knowledge is impeding them from entering the market, according to research.

Businesses seek to automate credit decisions: report
28 September 2020
Businesses seek to automate credit decisions: report

The majority of Australian businesses intend to invest in analytics to automate decision making around credit over the next 12 months, according to a report.

FHBs bearing heavier deposit burden: Domain
25 September 2020
FHBs bearing heavier deposit burden: Domain

Housing affordability pressures have intensified for first home buyers in five of Australia’s major capitals, who now require more time to save for a 20 per cent deposit, according to new ...

Fund managers warned to be ‘true to label’
25 September 2020
Fund managers warned to be ‘true to label’

ASIC has directed fund managers to do more to remain “true to label” after finding that funds labelled as cash had assets other than cash such as mortgages and fixed income securities.

COVID costs dent Heritage’s bottom line
24 September 2020
COVID costs dent Heritage’s bottom line

A spike in credit provisions and COVID-related charges has triggered a 16 per cent fall in Heritage Bank’s earnings, offset by asset and deposit growth.