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Economy

Record-low rates to remain for ‘at least’ three years
6 May 2020
Record-low rates to remain for ‘at least’ three years

The RBA will keep the cash rate at its record low for the foreseeable future with no improvement in inflation and labour market conditions in sight, according to an analysis.

Loan loss charges cost big banks $6.2bn
6 May 2020
Big four banks

A 227 per cent surge in credit impairment charges has dealt a $6.2-billion blow to major bank earnings, which are set to face ongoing headwinds in the coming years, according to an EY ...

Dwelling approvals expected to dip post-COVID-19
6 May 2020
Dwelling approvals expected to dip post-COVID-19

While data highlights “no evident impact” on dwelling approvals to March 2020, economists anticipate the new-build market to take a hit over the next coming months.

Build your own mortgage broking business with Smartline Personal Mortgage Advisers
5 May 2020
Build your own mortgage broking business with Smartline Personal Mortgage Advisers

Promoted by Smartline. Alongside a panel of special guests including Executive Manager – Economic Research Cameron Kusher, this upcoming webinar is a unique opportunity to see why now is ...

APRA approves bank merger
5 May 2020
APRA approves bank merger

The prudential regulator has greenlighted a merger between two NSW-based lenders.

NSW lifts ban on on-site auctions, inspections
5 May 2020
NSW lifts ban on on-site auctions

NSW will allow in-person property inspections and on-site auctions from this weekend, following a marked reduction in new coronavirus cases.

Auction volumes remain subdued
5 May 2020
Auctions volumes remain subdued

Auction volumes continue to be on the lower side across capital cities, reflecting the effects of the ban on public auctions.

1 in 3 Australians negatively affected by COVID-19
4 May 2020
1 in 3 Australians negatively affected by COVID-19

Almost half of Australians aged over 18 have reported that the COVID-19 pandemic has affected their household finances, with 31 per cent reporting a negative impact.

How JobKeeper affects business: the ATO and ASBFEO explain
4 May 2020
How JobKeeper affects business: the ATO and ASBFEO explain

The Australian Taxation Office, ASBFEO and Reckon are joining our sister title, My Business, in a free, live and interactive event to discuss how the JobKeeper scheme affects businesses

Construction costs rise, rental market strained
1 May 2020
Housing construction

The cost of construction has continued to rise in 2020, while the residential rental market struggles amid COVID-19-induced market changes, according to CoreLogic.