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Economy

Opportunity for rate cut remains, says ME
9 February 2017
mortgagebusiness

Industry super fund-owned bank ME has said that the Reserve Bank of Australia may still cut official cash rates later this year to address “low income growth and low job availability ...

‘Booming house prices’ contributing to Millennial pessimism
9 February 2017
mortgagebusiness

The rising cost of housing in Melbourne and Sydney is “partly to blame” for an increase in young Australians’ pessimism about their financial and emotional wellbeing.

RBA tipped to emphasise ongoing low inflation
9 February 2017
mortgagebusiness

ANZ expects tomorrow’s Statement of Monetary Policy by the Reserve Bank of Australia to highlight that while Australia’s growth outlook remains positive, inflation is likely to remain low

Global economy ‘on a knife edge’
8 February 2017
mortgagebusiness

The global economy is currently poised at a tipping point between inflation on the one hand and deflation on the other, says BondAdviser.

Banking association calls for new compensation scheme
8 February 2017
mortgagebusiness

A new, mandatory compensation scheme that covers consumers who have received poor financial advice from defunct financial advisers should be brought into effect, the Australian Bankers’ ...

HIA names new deputy MD
8 February 2017
mortgagebusiness

The Housing Industry Association has announced the appointment of Graham Wolfe as deputy managing director.

RBA makes cash rate call - Feb 2017
7 February 2017
mortgagebusiness

The Reserve Bank of Australia has revealed the decision of its first monthly board meeting of the year.

Surprise RBA move on rates
7 February 2017
mortgagebusiness

The Reserve Bank of Australia has shocked industry pundits with the decision of its first monthly board meeting of the year.

Tasmania’s economy reaching new highs
7 February 2017
mortgagebusiness

Tasmania’s market is reaching new heights, according to MyState Limited, with state final demand at an all-time high after 14 consecutive quarters of growth, Hobart recording its strongest ...

Major bank appoints chief data officer
6 February 2017
mortgagebusiness

ANZ has appointed Emma Gray as chief data officer reporting to group executive digital banking, Maile Carnegie.