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Economy

Mainland Australia closes in on Tasmania’s economic ranking

Tasmania’s top ranking on relative economic performance is under threat from improving mainland economies, latest data from CommSec reveals.

Mainland Australia closes in on Tasmania’s economic ranking
Inflation hits highest level in 22 years

Inflation has hit its highest level since the introduction of the GST, with the market to now eagerly watch for how the Reserve Bank manoeuvres the cash rate.

Inflation hits highest level in 22 years
Australian property market: ‘Finally hit the wall’

Home loan activity declined sharply over February, driven by the significant falls in affordability as a consequence of booming house prices.

Australian property market: ‘Finally hit the wall’
Rate hike forecasts continue to shift

Economists are yet again tweaking their cash rate forecasts, ahead of CPI data being released this week.

Rate hike forecasts continue to shift
Making news this week (week ending 22 April)

Discover some of the top news stories impacting the mortgages space in this wrap-up for the week ending 22 April   You can read the full stories here:  Government boosts max property ...

Making news this week (week ending 22 April)
March quarter shows housing sentiment steady: NAB

Growing rents and slowing house price growth keep housing sentiment steady in Australia, NAB property survey reveals.

March quarter shows housing sentiment steady: NAB
2022 sees home buyers ‘return to the capitals’

With the relaxing of COVID restrictions this year, property sale settlements saw a return to the cities, with most regional areas losing ground, according to PEXA.

2022 sees home buyers ‘return to the capitals’
Time to fix rates or risk mortgage stress, report warns

Research has found that 584,000 mortgage holders were at risk of mortgage stress at the end of 2021, a “record low” due to government intervention.

Time to fix rates or risk mortgage stress, report warns
High schools urged to reform financial literacy approach

New research has found Australian schools’ current approach to financial literacy is failing teenage girls and that it should be expanded outside of maths and business.

High schools urged to reform financial literacy approach
Looming rate rises knock borrower confidence: Westpac

A survey from the major bank has shown confidence among mortgage holders dipped by 9.2 per cent over April, amid concerns over the cash rate.

Looming rate rises knock borrower confidence: Westpac
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