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Economy

Debt stress rose before latest lockdowns

Households’ comfort with debt was on a decline during the first half of the year, despite broader financial security hitting a high.

Debt stress rose before latest lockdowns
New home sales down by a fifth: HIA

New home sales fell by 20.5 per cent in July, but time will tell if ongoing lockdowns have tainted consumer sentiment, according to a housing body.

New home sales down by a fifth: HIA
Cash rate call made amid lockdown uncertainty

The RBA has announced its August rate decision as ongoing lockdowns dampen speculation about imminent rate rises.

Cash rate call made amid lockdown uncertainty
Resimac plants 40,000 trees in carbon offset program

The non-bank lender has hit the new milestone as part of its carbon conscious program, where a tree is planted for every new settled loan.

Resimac plants 40,000 trees in carbon offset program
Owning home key to financial wellness: YFW

A report has found that home ownership is the single most important factor affecting a person’s perceived level of financial wellness.

Owning home key to financial wellness: YFW
AFCA appoints 6 new ombudsmen

The complaints authority has recruited three new ombudsmen (including from ANZ and Westpac), and promoted three others internally.

AFCA appoints 6 new ombudsmen
Do you need a break? But don’t want to lose business?

Promoted by iLoad Loans Have you been looking for the right time to take a holiday, but you have been too busy?

Do you need a break? But don’t want to lose business?
Banks welcome NSW COVID support

The big four banks have responded to the expanded COVID support in NSW for businesses and workers impacted by extended lockdowns.

Banks welcome NSW COVID support
COVID-19 to amplify house price surge: KPMG

Property prices are expected to surge higher by end-2023 than they would have without the COVID-19 crisis, according to KPMG.

COVID-19 to amplify house price surge: KPMG
Owner-occupied loans march ahead of investors: APRA

Owner-occupied lending grew by over $10 billion in May, but investor lending growth slumped after recently gaining pace, according to new APRA data.

Owner-occupied loans march ahead of investors: APRA
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