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Economy

Latest GDP figures revealed amid mounting uncertainty

The latest national accounts data has shed light on the trajectory of the Australian economy, which observers increasingly expect to slip into recession off the back of aggressive rate hikes

Serviceability buffers to cushion banks from credit losses 

New data has revealed that Australian banks face low credit losses despite rising rates.

Further tightening may be required as house prices rise

Rising house prices could result in more tightening of monetary policy, RBA governor has said following another rate hike.

Drop in refinancing likely to be short-lived

The value of owner-occupier housing loan refinances fell during April 2023, new data has revealed.

Banks predict rate pause for June

The major banks have weighed in with their forecasts for the RBA’s cash rate decision for June.

15% of variable-rate borrowers face negative cash flow: RBA

If variable-rate borrowers do not adjust their spending habits, 15 per cent of them will be in ‘negative cash flow’ by the end of the year, according to the central bank.

April inflation data weakens RBA outlook: Economists

The higher-than-expected inflation figures for April could weigh on the central bank’s monetary policy decision next week.

Dwelling approvals hit ‘lowest level’ in over a decade: ABS

Building approvals in Australia have witnessed a significant drop for the month of April 2023, exceeding economists’ predictions.

Consumer confidence hits lowest monthly average since 1990

Consumer confidence plummets as the repercussions of rising mortgage debt sink in.

Women still interested in property, despite uncertainty

How are women faring in a rising rate environment – and what does it mean for their prospects as property owners, and for the brokers who support them?

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