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Economy

The government’s plan to strengthen banking in the Pacific
16 July 2024

Recently, the Pacific Banking Forum was hosted in Brisbane, co-hosted by the Australian and US governments. A roadmap has now been outlined detailing plans to strengthen banking in the ...

Mortgage holder spending halves YOY
15 July 2024

Home owners with a mortgage have cut their spending by over half in the year to June 2024, research has found.

Greater Western Sydney experiencing a ‘lending boom’
12 July 2024

Greater Western Sydney (GWS) has seen a significant uptick in commercial lending over the year, with various factors contributing to a thriving economy.

Banks with the wealthiest customers ranked
12 July 2024

A recent report has detailed the “net wealth per capita” for the most popular banks in Australia.

Consumers expecting the worst as rate rise worries see abrupt increase
11 July 2024

Poor economic confidence is pushing consumers to expect the worst with interest rate rise fears climbing significantly in July.

‘The average new loan size has hit a new record high’
10 July 2024

Despite a 12-year high RBA cash rate, on average, Aussie borrowers are taking out larger mortgages than ever before.

Mortgage demand dips in May
9 July 2024

The value of new housing loans has fallen after three months of positive growth.

‘Housing affordability to worsen’ as industry confidence drops
9 July 2024

A recent Property Council of Australia release has claimed that due to a cocktail of influences, housing affordability across Australia will worsen.

‘RBA cash rate will remain unchanged throughout the year’, says Bendigo Bank
8 July 2024

Good news for Aussies as economists from Bendigo Bank are predicting the RBA cash rate to remain steady throughout 2024.

How would another rate rise impact the housing market?
4 July 2024

An increase to the cash rate could slow demand in a housing market that’s already showing signs of cooling.