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Economy

Extended downturn could hit most mortgaged regions: CoreLogic

Higher interest rates may result in households in highly mortgaged regions feeling more pressure than others, CoreLogic research says.

June rate call was ‘finely balanced’ between pause and hike: RBA

It was a close call between holding the cash rate and increasing it by 25 bps, newly released minutes from the central bank have revealed.

NZ enters recession

Statistics NZ data has confirmed that New Zealand has fallen into a recession.

RBA ‘likely’ to hike in July and August as employment rises

As new data shows the unemployment rate continues to fall, major bank economists are warning that a July and August rate hike is ‘now more likely than not’.

Home buying intentions up almost 15% in May: CBA

New research from the major bank has found that home buying spending intentions rose during May.

Home Guarantee places ‘still available’

While the federal government’s Home Guarantees have helped 100,000 Australians purchase their own home since the program commenced, places remain available this financial year.

New borrowers have ‘far lower’ resilience to rate hikes

Against the backdrop of sharply rising cash rates, concerns over affordability, savings buffers, and overall household financial resilience have come into focus.

National loan growth to slow: Fitch Ratings

The credit ratings provider has forecast loan growth to slow in Australia entering the second half of the calendar year.

RBA monitoring arrears on the path to lower inflation

RBA governor Philip Lowe had outlined the factors the board is considering on the path to lower inflation after another rate hike.

ANZ-Suncorp merger won’t ‘substantially’ lessen competition: ANZ

The major bank has asserted that Suncorp Bank is not a “particularly important source of competition”, in a response to the ACCC’s concerns.

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