Economy

Major bank cuts fixed rates
10 April 2019
CBA

A big four bank has announced rate cuts of up to 30 basis points across its owner-occupied and investment fixed rate home loan products.

COBA campaigns for competition ahead of election
10 April 2019
Mike Lawrence

The Customer Owned Banking Association has renewed its push to promote greater competition in the banking sector, urging Australia’s political candidates to commit to reform ahead of the ...

AMP appoints non-executive director to board
10 April 2019
AMP appoints non-executive director to board

The wealth giant has announced the retirement of a board member and the appointment of a new non-executive director.

Housing affordability pressures triggering ‘key worker’ shortage
9 April 2019
Housing affordability pressures triggering ‘key worker’ shortage

Sydney and Melbourne could be faced with a labour shortage across the health, education and emergency services sectors as a result of elevated housing prices, new research has found.  

Financial firms required by law to co-operate with AFCA
9 April 2019
AFCA

AFSL and ACL holders will now be required to co-operate with the Australian Financial Complaints Authority in the resolution of disputes, following the introduction of new legislation.

Price falls, rate hikes spur slide in household wealth
8 April 2019
Suburbs

The continued decline in residential property values and out-of-cycle mortgage rate hikes from lenders have contributed to a drop in the value of household wealth, with the value of assets ...

RBA ‘confident’ the financial system ‘remains resilient’
8 April 2019
RBA ‘confident’ the financial system ‘remains resilient’

The central bank is confident in the resilience of the economy and financial system despite the recent housing market adjustment leading to declines in house prices in the major cities, a ...

AMP announces five new executive appointments
8 April 2019
AMP

The wealth giant has named five new appointees to its wealth management division leadership team.

Labor Party releases shadow budget
5 April 2019
Bill Shorten

The Australian Labor Party has released its plans for its own budget for 2019-20, outlining a range of new initatives and tax cuts it would seek to bring in should it be elected into power

Opposition to Labor’s housing policy mounts as election looms
5 April 2019
Graham Wolfe

Calls for the ALP to scrap its housing plans have intensified, with new polling revealing that most Australians do not support the changes.