Economy

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.

Making news this week, banks pass on full RBA hike, APRA grants RADI to Australia's first Islamic bank, clearance rates at the lowest level since April 2020 and 40,000 new places open up ...

With the cash rate tipping 1.35 per cent the increase in mortgage repayments will weigh on borrowers’ savings.

Buildings approvals continued a downward fall over May as the rising interest rate environment slows demand.

RBA governor Philip Lowe has delivered its third consecutive cash rate hike as it attempts to slow down rising inflation.