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Economy

House prices will fall ‘materially’ under Labor, warns economist

Financial economist and former government adviser Christopher Joye has outlined his thoughts on the economic impacts of the Liberal and Labor parties winning the election, warning that ...

House prices will fall ‘materially’ under Labor, warns economist
Dwelling approvals take a 27% dive

The number of dwellings approved in March fell by more than 27 per cent over the year, new ABS data has revealed.

House in construction
Heartland Group appoints new CFO

The New Zealand-based financial services group has appointed a new chief financial officer.

Heartland Bank
Banks, RBA and APRA consider ‘alternative’ to cash rate cut

The central bank, APRA and the banking industry are considering reducing a key mortgage measure as an alternative to a cash rate cut, financial economist and former government adviser ...

Banks, RBA and APRA consider ‘alternative’ to cash rate cut
RBA has ‘ammunition’ but might not slash cash rate

There are many factors placing pressure on Australia’s central bank to drop the official cash rate to a new record low, but it would not be surprising if it continued to remain on hold, ...

Finsure
AMP grows loan book by $127m in Q1

AMP Bank has reported a $127 million increase in its loan book in the first quarter of 2019, as its parent company continues its transformation in the aftermath of the banking royal ...

AMP
Housing market may have ‘moved through the worst’

While dwelling values continued on their downward slide in April, new CoreLogic data shows that the pace of decline has been slowing.

Aerial shot of houses
Mixed arrears data reported in February

National home loan delinquencies increased in February, but the rise was partly offset by reductions in the arrears rate in some states and territories, new S&P data has revealed.

House in a hand
Sydney median house price $170,000 below peak

The median house price in Sydney has taken a steep 14.3 per cent dive in the March quarter compared to the mid-2017 peak, new data shows.

Sydney house
Looming RBA cut won’t be saving grace

A long-awaited monetary policy adjustment from the central bank may not be as “effective” as desired, according to one senior economist.

RBA
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