Economy

Banks told to ‘do more’ amid regional closures
6 October 2022
Banks told to ‘do more’ amid regional closures

Seven recommendations have been put forward by the Regional Banking Taskforce to better support those impacted by bank closures in regional communities.

How the RBA's rate move will impact mortgagors
5 October 2022
How the RBA's rate move will impact mortgagors

Following the RBA's October cash rate decision, several commentators have flagged the dollar impact to borrowers.

Qld begins home buyback scheme
5 October 2022
Qld begins home buyback scheme

The first property buyback offers have been accepted by flood-affected home owners in South-East Queensland.

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.