Economy

Making news this week, Labor won’t budge on repealing responsible lending laws, flood support extended and expanded for NSW residents, BOQ pays more than $130K for CDR breaches and housing ...

The major bank has revised its expectations for future hikes, speculating rates will be 25 bps higher at the tail end of 2022.

New Zealand’s cash rate has risen for the sixth consecutive time, with the country’s central bank lifting the figure by 50 bps.

As Australia is faced with another flood crisis questions are being raised about how future developments in floodplains are being managed.

While the threat of flooding begins to subside, the federal government has extended funding support to an additional eight regions hard-hit.

The bank’s chief economist has pitched its latest Reserve Bank prediction, predicting another half-percentage hike next month, followed immediately by a freeze.

Despite record-low clearance rates recorded in April, last week’s rates ticked up more than 3 per cent, latest CoreLogic data reveals. 

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

The bank has tipped inflation to have increased over this year’s second quarter, naming housing as a major contributor to the bump.

Treasurer Jim Chalmers has revealed that wellbeing will be a focus of the October budget, a move welcomed by finance industry players.