Economy

LATEST PODCAST: Why the spring selling season is off to a slow start
4 October 2022
LATEST PODCAST: Why the spring selling season is off to a slow start

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

2.60% cash rate confirmed
4 October 2022
2.60% cash rate confirmed

The Reserve Bank of Australia has increased the cash to 2.60 per cent for October, a move not widely predicted by bank economists.

Cash rate to hit 3.35% by year end: Macquarie
4 October 2022
Cash rate to hit 3.35% by year end: Macquarie

Macquarie expects the Reserve Bank won’t begin easing monetary policy settings until late next year and anticipates the jobless rate will rise to 4.5 per cent.

Digital ID a ‘logical answer’ to cyber crime: ANZ
4 October 2022
Digital ID a ‘logical answer’ to cyber crime: ANZ

As banks remain on alert following the Optus data breach, ANZ said trusted digital IDs are a “vital step forward”.

House price falls steady
4 October 2022
House price falls steady

While national home prices are declining, new data revealed that the spike in September property sales kept price falls steady.

Household wealth tumbles
3 October 2022
Household wealth tumbles

Household wealth fell for the first time since the beginning of the pandemic, coinciding with cost-of-living pressures and rising interest rates.

Home values peak has ‘come and gone’, says report
3 October 2022
Home values peak has ‘come and gone’, says report

The peak-profit period has passed for Australia’s housing market, a new report reveals.

Industry to weigh in on ASIC funding model
30 September 2022
Industry to weigh in on ASIC funding model

Industry participants have less than a month to have their say on ASIC’s controversial industry funding model.

5 regions to get a boost from renewable energy boom
30 September 2022
5 regions to get a boost from renewable energy boom

Australia is on the verge of a renewable energy boom and an expert has named five regions set to reap benefits from the infrastructure pipeline that comes with it. 

‘Records broken’ as broker market share rises
30 September 2022
‘Records broken’ as broker market share rises

Almost 70 per cent of mortgages in Australia were being written by brokers earlier this year, according to the MFAA’s latest Industry Intelligence Service report.