Economy

Flexible inflation target puts rules-based approach in spotlight
9 September 2022
Flexible inflation target puts rules-based approach in spotlight

Increased home-building costs have been highlighted as key contributor alone in RBA Governor inflation address.

Dwelling investment fall a ‘weak outcome’: Treasurer
8 September 2022
Dwelling investment fall a ‘weak outcome’: Treasurer

Wet weather and material and labour constraints curbed Australian dwelling investment, June quarter national account figures have revealed.

RBA confirms 2.35 per cent cash rate
6 September 2022
RBA confirms 2.35 per cent cash rate

The official cash rate has risen to 2.35 per cent — the highest point since April 2015.

Big 4 expect 50-bp increase today
6 September 2022
Big 4 expect 50-bp increase today

The official cash rate is expected to rise to 2.35 per cent following today's RBA board meeting, according to major bank economists.

LATEST PODCAST: How will the spring selling season fare?
5 September 2022
LATEST PODCAST: How will the spring selling season fare?

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

Permanent migration cap to increase by 35,000
5 September 2022
Permanent migration cap to increase by 35,000

The banking industry has welcomed the announcement that the annual permanent migration cap will increase to 195,000.

Economic headwinds drive regional property values down
1 September 2022
Economic headwinds drive regional property values down

As Australia’s property values begin to ease, new data has revealed regional properties have fallen at the “fastest pace” since 2011.

Buyers continue to purchase ‘sight unseen’
1 September 2022
Buyers continue to purchase ‘sight unseen’

As many as one in four buyers are still inspecting property outside the state they live in, a trend that’s showing “no signs of slowing”, according to a new survey.

Home approvals nudged up
31 August 2022
Home approvals nudged up

While new dwelling approvals plummeted, detached homes increased marginally. 

Younger Australians flock to regions
31 August 2022
Younger Australians flock to regions

Australians migrating from capital cities to regional communities are getting younger, according to the latest migration data.