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Economy

Charter Hall exec to chair NHFIC

The government has shuffled in some new directors across the boards of its National Housing Finance Investment Corporation and the Australian Housing and Urban Research Institute.

Adrian Harrington
Navigating a ‘phoney economy’

When money has no value, there’s a prevalence of ‘gift lenders,’ and the property market ‘pretends’ to rise, says Semper director Andrew Way.

Navigating a ‘phoney economy’
Australia has second-highest mortgage debt in OECD

Australia has the second-highest mortgage debt as a proportion of GDP among OECD nations, according to a new report.

Australia has second-highest mortgage debt in OECD
House price rise jeopardises economy: UNSW

A report has called for a royal commission and the Reserve Bank to address soaring house prices, warning that the Australian property market is threatening the nation’s economic future.

House price rise jeopardises economy: UNSW
S&P upgrades Australia, major banks’ outlook

Credit agency S&P Global has upgraded Australia’s outlook from negative to stable, citing the government’s “swift and decisive fiscal and health response” despite sizeable deficits ...

S&P upgrades Australia, major banks’ outlook
Family Home Guarantee price caps face scrutiny

The Minister for Financial Services has faced some pointed questions around the new Family Home Guarantee, with a senator blasting its recently revealed pricing limits.

Family Home Guarantee price caps face scrutiny
NHFIC releases Family Home Guarantee price caps

The NHFIC has revealed the property price thresholds that are applicable to the Family Home Guarantee scheme announced in the 2021-22 federal budget.

NHFIC releases Family Home Guarantee price caps
JobKeeper windback cut jobs, but Treasury expects rebound

Treasury has confirmed that more than 50,000 workers have lost their jobs since JobKeeper ended, but employment is tipped to continue rebounding alongside Australia’s economy post-COVID.

JobKeeper windback cut jobs, but Treasury expects rebound
RBA reveals rate decision for June

The central bank has announced its official cash rate decision for June, and said that it would be monitoring trends in housing borrowing “carefully”.

RBA reveals rate decision for June
New date for Better Business Summit Melbourne

Due to COVID-19 restrictions in Victoria, the Melbourne leg of the Better Business Summit and Better Business Awards 2021 has been moved to July.

New date for Better Business Summit Melbourne
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