Economy

The Reserve Bank has abandoned its “business as usual” approach to the cash rate this month, deciding to fight inflation with a larger-than-expected rise.

Mortgage repayment concerns helped drive Australians to build up their savings balances to a level 46 per cent higher than two years ago, according to new research from CBA.

Economists believe the Reserve Bank will choose to crank up the cash rate again at its meeting today (7 June), but the size of the increase is up for debate.

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

The vast majority of the country is unaware of its financial standing, according to new data by the online lender.

Kiwi banks are set to be freed from limits on how much they can pay shareholders, but they have been told to stay alert around housing risks.

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.

Economists from ANZ have joined Westpac in betting the Reserve Bank will make a sharp rise in the cash rate next week, to clamp down on inflation.

Prime Minister Anthony Albanese has confirmed his government’s first full ministry, while sliding the housing portfolio into cabinet.

Lenders will soon start seeing increasing losses from home loan portfolios as some borrowers suffer “sizeable repayment shock,” APRA chair Wayne Byres has warned.