Economy

On the back of record profits, the major bank’s latest lending data has confirmed fewer Australians are purchasing new homes.

The Reserve Bank of New Zealand has hiked interest rates to 4.75 per cent, in the wake of Cyclone Gabrielle.

Only a cash rate hike to start 2023 was considered, the central bank’s monetary policy minutes have revealed.

Mortgage demand fell during the December 2022 quarter, impacted by the central bank’s consecutive rate rises, Equifax says.

The federal government has laid out its objectives for Australia's $3.3 trillion superannuation.

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

The central bank says it’s the level of cash rate — not the speed it’s achieved — that matters, Australian senators have heard.

Australians can “have confidence” in the financial system as ‘clouds loom’, regulator APRA has assured.

RBA governor Mr Philip Lowe has defended the central bank’s tactics to ‘navigate the narrow path’, a senate committee has heard.

West Australians are spending significantly less in the new year thus far, latest Bankwest data has revealed.