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Economy

RBNZ hikes cash rate to 2.5%

New Zealand’s cash rate has risen for the sixth consecutive time, with the country’s central bank lifting the figure by 50 bps.

RBNZ hikes cash rate to 2.5%
Planning failures deepening the flood crisis: ABC reveals

As Australia is faced with another flood crisis questions are being raised about how future developments in floodplains are being managed.

flood crisis
Government flood support expanded

While the threat of flooding begins to subside, the federal government has extended funding support to an additional eight regions hard-hit.

Government flood support expanded
Rates to boost by 50 bps, pause by September: Westpac

The bank’s chief economist has pitched its latest Reserve Bank prediction, predicting another half-percentage hike next month, followed immediately by a freeze.

Rates to boost by 50 bps, pause by September: Westpac
Clearance rates creep back up in July

Despite record-low clearance rates recorded in April, last week’s rates ticked up more than 3 per cent, latest CoreLogic data reveals. 

Clearance rates creep back up in July
LATEST PODCAST: Australia’s first Islamic bank

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: Australia’s first Islamic bank
Housing key driver of incoming inflation: ANZ

The bank has tipped inflation to have increased over this year’s second quarter, naming housing as a major contributor to the bump.

Housing key driver of incoming inflation: ANZ
Treasurer flags ‘wellbeing’ as key focus for federal budget

Treasurer Jim Chalmers has revealed that wellbeing will be a focus of the October budget, a move welcomed by finance industry players.

Treasurer flags ‘wellbeing’ as key focus for federal budget
Making news this week (ending 8 July)

Making news this week, banks pass on full RBA hike, APRA grants RADI to Australia's first Islamic bank, clearance rates at the lowest level since April 2020 and 40,000 new places open up ...

Making news this week (ending 8 July)
Borrowers reach into savings buffer amid rate hike: Domain

With the cash rate tipping 1.35 per cent the increase in mortgage repayments will weigh on borrowers’ savings.

Borrowers reach into savings buffer amid rate hike: Domain
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