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Economy

New stamp duty concessions to create price ‘cluster’
31 July 2020
New stamp duty concessions to create price ‘cluster’

Tax relief provided by the NSW government’s temporary changes to stamp duty may be offset by “price inflation”, according to CoreLogic.

Xinja partners with cloud services provider
31 July 2020
Xinja partners with cloud services provider

The neobank has partnered with a cloud services provider to manage its API connectivity when it launches its forthcoming lending platform.

Major bank to partially close 114 regional branches
30 July 2020
Major bank to partially close 114 regional branches

A big four bank has announced that 114 smaller regional branches will only open in the mornings from next month, as the bank embraces remote banking.

Foreign buyer interest up in Australia
30 July 2020
Foreign buyer interest up in Australia

New findings have suggested that Australia remains a hotspot for foreign investors, with buyer activity continuing to increase.

COVID-19 puts the brakes on rental values
30 July 2020
COVID-19 puts the brakes on rental values

The COVID-19 environment has reversed any rebound in rental values, with closed international borders rattling rental demand.

APRA tells banks to halve dividends
29 July 2020
APRA tells banks to halve dividends

The prudential regulator has told banks that it expects them to retain at least half of their earnings and reduce payouts to investors, among several other changes, to ensure their ...

Vic unveils $150m homelessness package
29 July 2020
Vic unveils $150m homelessness package

The Victorian government has launched a new $150-million package to address homelessness during COVID-19 and beyond.

Former bank MD joins economic recovery taskforce
28 July 2020
Former bank MD joins economic recovery taskforce

The former managing director of a regional bank has been appointed to a new federal government taskforce charged with supporting the economic recovery effort.

NSW temporarily extends stamp duty relief for FHBs
28 July 2020
NSW temporarily extends stamp duty relief for FHBs

First home buyers in NSW could save more than $30,000 on new property purchases after the NSW government temporarily increases transfer duty relief and concessions.

TFF drawdowns to ‘ramp up’: RBA
28 July 2020
TFF drawdowns to ‘ramp up’: RBA

The banking sector is set to increase its take-up of the Reserve Bank’s $90-billion term funding facility, according to the central bank’s assistant governor, Christopher Kent.