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Economy

PM slams ALP’s negative gearing, CGT plans
9 May 2019
Scott Morrison

Prime Minister Scott Morrison has called out opposition leader Bill Shorten for his party’s negative gearing and capital gains tax proposals, saying it would force a “concrete landing” for ...

Neobank CEO urges borrowers to build buffer
9 May 2019
Xinja CEO Eric Wilson

Borrowers should resist the urge to take on more debt and build a buffer to guard against the continued weakness in the economic environment, according to the CEO of a challenger bank.

Rate cut ‘pencilled in’ for June
8 May 2019
Ticking box

Despite keeping the cash rate on hold against expectations of a cut, the Reserve Bank is expected to pull its monetary policy lever in June amid a forecasted rise in unemployment

Resimac appoints new head of NZ business
8 May 2019
Luke Jackson

The non-bank mortgage provider has announced the appointment of a new business head to lead its New Zealand office and “drive the company’s ambitious nationwide growth strategy”.

RBA announces cash rate
7 May 2019
RBA announces cash rate

The central bank’s cash rate decision has been revealed, following its monthly monetary policy board meeting.  

RBA ends cash rate inertia
7 May 2019
RBA ends cash rate inertia

The central bank has announced a change to the official cash rate for the first time since August 2016. 

Bank customers to expect Netflix-level personalisation
7 May 2019
Bank customers to expect Netflix-level personalisation

Banking customers will come to expect the same level of personalisation that they are provided by the likes of Netflix and Spotify, Standard & Poor’s has predicted.

House prices will fall ‘materially’ under Labor, warns economist
6 May 2019
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 ...

Dwelling approvals take a 27% dive
6 May 2019
House in construction

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

Heartland Group appoints new CFO
6 May 2019
Heartland Bank

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