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Economy

Mergers could help banks survive ‘perfect storm’
8 July 2019
Mergers could help banks survive ‘perfect storm’

Sluggish economic growth, increasing competition and rising risk costs have ­created a “perfect storm” for the Asia-Pacific banking industry, and consolidation may be the way for banks to ...

Downsizer contributions reach $1 billion milestone
8 July 2019
Downsizer contributions reach $1 billion milestone

More than $1 billion has been contributed by pensioners into their superannuation funds under the “downsizer contribution” initiative that aims to build retirement incomes and free up ...

Government’s FMD scheme ‘not been fully effective’
8 July 2019
Farm tractor

The administration of the $6.6 billion Farm Management Deposit Scheme “has not been fully effective”, the ANAO has said after completing its audit.

States lose billions in revenue to housing downturn
5 July 2019
Money

State governments have been urged to rethink their approach to property taxation, with new research fueling claims that stamp duty is an “unreliable source of revenue”.  

A third of Aussies ‘embarrassed’ by financial situation
5 July 2019
Empty wallet

About one in three Australians is “embarrassed” by their financial situation and habits, according to a new report.

RBA ‘leaves door open’ to further cuts
4 July 2019
Philip Lowe

The central bank has not ruled out further adjustments to the cash rate, with a third cut forecast for as early as August. 

Apartments drive building approval rebound
4 July 2019
Apartment construction

Apartment approval growth in May ended a two-month run of steep declines in total building approvals, according to new ABS data. 

Attitudes to immigration impact house prices, study finds
4 July 2019
World Map

A correlation between attitudes towards immigration and house prices has been discovered by Deakin University. 

Home sales resurge in ‘post-election euphoria’
3 July 2019
Home for sale

There were more than 5,000 new home sales in May 2019, marking the largest monthly sales volume since June 2018 and hinting at the “bottoming out” of the property cycle, the HIA has said

Major bank updates Remuneration Committee remit
3 July 2019
CBA

The Commonwealth Bank of Australia has broadened the scope of its Remuneration Committee to include a focus on people, talent management and diversity, among other aspects, as the bank ...