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Economy

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 ...

RBA cuts cash rate to new record low
2 July 2019
RBA cuts cash rate to new record low

The central bank has lowered the official cash rate for the second consecutive month, with attention now turning to the response from Australia’s mortgage market.  

‘Tide turning’ as prices in Sydney and Melbourne lift
2 July 2019
Suburbs

Sydney and Melbourne markets have reported a monthly home value increase for the first time since prices peaked in 2017, according to new data from CoreLogic.

Open banking regime commences
2 July 2019
Open banking

The financial services sector has officially ushered in the first phase of the new open banking regime.

Stamp duty concessions could be on the cards
1 July 2019
Suburbs

State governments may begin to introduce stamp duty concessions to further alleviate housing affordability pressures, according to one CoreLogic analyst.