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Economy

‘Things are going to get worse’ for Aussie banks, warns asset manager

A leading Australian banking analyst has accepted that lenders will soon see a rise in bad debts as the full impact of rate hikes begins to hit borrowers.

Former RBA boss Glenn Stevens knows inflation is deadly

Glenn Stevens, a former governor of the Reserve Bank of Australia and chairman of Macquarie, has warned Australians of the difficult road ahead.

Renters experiencing more financial pressure than home owners

Australians aged 30–34 and people renting their homes are feeling the most pressure from the rising cost of living, according to new data from CommBank iQ.

RBA reveals another hike ‘may be required’

The central bank’s monetary policy minutes meeting for May have revealed more rate hikes could be likely as services inflation runs hot.

NAB ups its cash rate forecast

The major bank’s economist expects the Reserve Bank (RBA) will push the cash rate above 4 per cent by July, as persistent inflation will force the central bank’s hand.

‘Toxic’ deterioration in lending conditions: Fed Reserve

Tighter lending standards and a “dry up” in credit demand characterise the Federal Reserve’s latest bank lending analysis, suggesting “recessionary risks are building”.   

ABS to produce monthly CPI

The federal budget 2023–24 has allocated funds towards the ABS to deliver on new initiatives.

Home buying intentions down 13.9%: CBA

Data released by the major bank has revealed home buying spending intentions dropped in April.

Budget 2023–24 released: What you need to know

The Labor government has handed down its federal budget for the new financial year. Here’s what you need to know relating to housing and mortgages…

Housing a ‘big priority’ in 2023 budget: Treasurer

The federal budget released today (9 May) is expected to deliver a swathe of affordable housing policies, as supply constraints and Australia’s population grow.

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