Powered by MOMENTUM MEDIA
Mortgage business logo

Economy

‘Opposing forces’ to face housing market: NAB

The major bank’s outlook for the housing market continues to foresee households adjusting to higher rates, while the rebound in population growth has drawn stronger housing demand.

RBA waiting for full rate hike effects

The central bank continues to wait for the effects of its monetary policy tightening to be fully realised through the economy.

Unemployment rate holds steady at 3.7%: ABS

The ABS has released the latest unemployment rate data, revealing a resilient labour force that surpassed some forecasts from major bank economists.

Rate anxiety affecting 75% of mortgagors

A recent poll reported that three-quarters of mortgage holders say their health and relationships have been impacted by rising home payments.

Rate cuts could come by March 2024, say AMP, CBA

With rapidly rising interest rates having slowed spending and inflation, consumers could expect cuts by March next year, according to lender economists.

Softness in spending likely to continue into 2024: CBA

Growth in the major bank’s annual HSI has slowed due to rising rates and is expected to continue into the new year.

Mortgagor confidence up, but overall sentiment still languishes

While consumer sentiment among mortgage holders has increased, overall sentiment still sits at 30-year lows, Westpac has revealed.

Qld government appoints new Under Treasurer

Senior public servant Michael Carey has been selected to “play a pivotal part” in the state’s financial management.

Economy on track for a soft landing: ANZ

After the RBA’s decision and recent GDP data, the major bank has said it believes a soft landing is possible.

Unlikely change in economic outlook due to GDP figures: Economists

The Australian Bureau of Statistics has released the June quarter national accounts.

brokerpulse logo

 

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph