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Economy

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.

Wealth and mortgage debt both edge higher
1 July 2019
House property

Household wealth edged higher in the March quarter, but declining house prices meant mortgage debt also creeped up, according to recent ABS statistics.

BNK appoints new COO
28 June 2019
Lisa Stedman

The lender has announced the appointment of a chief operating officer as it prepares to launch its new brand to the national market.

ANZ the last major bank to cut savings rates
28 June 2019
ANZ the last major bank to cut savings rates

The last of the big four banks has slashed interest rates on its savings accounts.

Prime Minister notes economic ‘challenges’
27 June 2019
Scott Morrison

Ahead of Parliament returning next week, Prime Minister Scott Morrison has conceded that Australia is facing “challenges and headwinds” but said the re-elected government will “work to get ...

Superannuation class action filed against AMP
27 June 2019
Superannuation class action filed against AMP

Slater and Gordon has filed a class action against AMP claiming compensation for more than 2 million people it alleges have been charged “excessive fees” on AMP superannuation accounts

RBA reluctant to drop rates to ‘dangerous’ low
27 June 2019
Philip Lowe

An aggressive monetary policy strategy employed in response to rate cuts in foreign markets would be a “dangerous path to go down”, Reserve Bank governor Philip Lowe has said, calling on ...

Mutuals outpacing major banks
27 June 2019
Peter Lock

APRA data revealing that the customer-owned banking sector is outpacing the major banks in the home lending space has been welcomed by a non-major.

Mortgage customers could benefit from global shift
26 June 2019
Shane Oliver

Expected monetary policy adjustments in overseas markets could make it easier for banks to pass on cuts to the cash rate from the RBA, according to one economist.

Respected business and tax leader passes away
26 June 2019
Michael Andrew AO

Michael Andrew, a renowned tax and business leader, has passed away.