Economy

Cash rate sinks to new low
6 August 2019
Cash rate sinks to new low

The Reserve Bank’s monetary policy board has lowered the cash rate for the third consecutive month, dropping it to a new record low.  

RBA reveals cash rate decision - Aug 2019
6 August 2019
RBA reveals cash rate decision - Aug 2019

The central bank has announced its cash rate verdict for the month of August following its monetary policy board meeting.

SME loan marketplace partners with new financier
6 August 2019
Partnership

Small-business loan marketplace ebroker has announced that it has secured a new partnership with a non-bank lender in response to rising demand for asset finance. 

Sydney price correction ‘close to an end’
6 August 2019
Sydney

The NSW capital’s auction clearance rate hit its highest point in over two years last month, suggesting a market rebound, a new Domain report showed.

Banks pay $119.7m in compensation
6 August 2019
Australian money

Australia’s five biggest banks have paid a combined $119.7 million in compensation to date to customers affected by non-compliant financial advice.

LATEST PODCAST: Is the housing market stabilising?
5 August 2019
LATEST PODCAST: Is the housing market stabilising?

Join Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

Financial sector to face new probe
5 August 2019
Josh Frydenberg

The federal government has launched a new inquiry into the financial services industry's response to the banking royal commission.

Parliament greenlights CDR bill
5 August 2019
Parliament house

Legislation to introduce the Consumer Data Right has passed both houses of Parliament, in a move which, according to stakeholders, could “dramatically increase competition” in the financial ...

Non-bank lists ‘no-go zones’ for construction loans
2 August 2019
Apartment construction

Chifley Securities has revealed its list of “high-risk” suburbs and “no-go zones” for financing residential developments. 

Inflation spike takes ‘pressure off’ RBA
1 August 2019
RBA

The inflation rate has risen above expectations in the June quarter, which, according to analysts, will make life easier for the Reserve Bank’s monetary policy board.