Economy

Jan 20 2021

A new FOI document released by the RBA shows that it believes economic risks may increase due to low interest rates, and that house prices could rise substantially if the cash rate is held ...

Jan 12 2021

‘Rainy day savings’ and ‘saving enough to buy a property to live in’ are among the top financial goals for 2021, a new survey has found.

Jan 7 2021

Paying off interest-accruing debt is high on Australians’ list of financial priorities for 2021, with many planning to pay off their mortgage faster, according to a survey.

Jan 6 2021

CBA economists said they foresee strong economic recovery in 2021 after a weak 2020, and the increased use of fiscal policy in conjunction with monetary policy to manage the economy.

Jan 4 2021

A new report has expressed policy concern that premature withdrawal of government stimulus measures amid COVID-19 could send many into housing affordability stress.

Dec 30 2020

Australia can expect to recover most of the GDP in 2021 that it lost in 2020, but the official cash rate is set to remain at current levels, according to a report.

Dec 29 2020

Australia’s mutual banks, building societies and credit unions recorded another year of growth in a challenging year with bushfires, floods and the COVID-19 pandemic, along with continued ...

Dec 23 2020

The pandemic has forced more working Australians to rely on personal credit to cover expenses and debt, new research from AMP has shown.

Dec 18 2020

The level of financial stress and “severe anxiety” rose sharply for workers in Melbourne during Victoria’s second COVID-19 lockdown, new research showed.