Economy

Sep 25 2019

Community First Credit Union has successfully won its court case against Bendigo Bank, which will see the non-major bank stripped of its exclusive trademark on the phrase “community bank”

Sep 25 2019

The wave of mortgage rate reductions in response to easing funding costs has continued, with two lenders, including a major bank, dropping rates by up to 90bps. 

Sep 25 2019

Almost 60 per cent of prospective first home buyers are looking to crack into the property market with a deposit of less than 20 per cent, new research has revealed.

Sep 24 2019

No amount of interest rate cuts could offset downside pressures that emerge as a result of a trade war-induced recession, according to REA Group’s chief economist.

Sep 24 2019

CoreLogic has reported a 21 per cent increase in auction volumes, as the clearance rate holds above 70 per cent for the sixth consecutive week.

Sep 23 2019

The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less lucrative, according to research from the RBA

Sep 20 2019

The federal Treasurer has welcomed the final budget outcome for the 2019 financial year, which shows that the deficit now equates to zero per cent of GDP, and improvement of nearly $14 ...

Sep 20 2019

The Federal Reserve has slashed rates for the second consecutive month, “reinforcing” the necessity of further cuts to the cash rate in Australia, according to AMP’s chief economist.

Sep 20 2019

The Reserve Bank is set to cut the cash rate for the third time in four months with the unemployment rate continuing to climb, according to ANZ Research.