Economy

Making news this week, Scott Morrison to face inquiry for secret ministries, Heartland signs MOU for restricted ADI in Australia, Economists expect upswing in house prices by 2024, climate ...

A Westpac economist has warned the housing market is “hostage” to the RBA’s tightening cycle.

While Australia’s house prices are in decline, economists are predicting the upswing should kick in by 2024. 

Lending for new homes fell over the year to July, with an “overwhelming” majority of variable loans written, CBA data reveals.

Treasury has opened a consultation for its draft instrument that extends the consumer data right to non-bank lenders.

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

The central bank has confirmed a new biannual panel consisting of private sector economists to “strengthen its existing dialogue” with the space. 

Making news this week, RBA keeps options open for September, Rates up to 91bp higher for existing borrowers: Lendi, RBNZ boosts cash rate to 3 per cent, Industry welcomes new MFAA CEO, NSW ...

While the central bank went hard on its third consecutive 50-bp hike – without considering another option – the August minutes reveal it is not set “on a pre-set path”.

The state’s Premier has said residents impacted by this year’s floods will be offered buy-backs and land swaps, however no date has been set.