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Suncorp Group anticipates that approvals regarding its bank sale to ANZ will be determined by early next year.

Vacant residential land sales have fallen across the eastern states in the financial year 2023, exacerbating the housing crisis in the eastern states, as demand outpaces supply.

The lending group’s “overarching goal” is to strengthen and grow its balance sheet, according to its newly released annual report.

The monthly CPI indicator for August rose from July, however, annual trimmed mean inflation remained stable, the ABS has revealed.

Bank economists have weighed in on their expectations on the upcoming monthly CPI data for August.

With rents continuing to rise, a new report projecting sale prices through 2025 forecasts tenants on the fence will pursue buying to beat the volatile rental market.

The major bank has been ordered by the Federal Court to pay a $15 million fine for deceiving customers over available funds and balances.

Suncorp Bank has announced its banking chief will depart in December to join a wealth company.

The banking code committee is set to launch an inquiry into financial difficulties as higher interest rates pinch borrowers.

The non-major bank has adopted NextGen’s ApplyOnline platform for mortgage lodgements to “make applying for home loans easier”.

Over 70 per cent of Australians have become more concerned about scams over the last 12 months than previously, according to the Commonwealth Bank.

The unexpected rise in migration has driven up demand in the medium- to high-density sector, however, approvals and completions are not keeping up.

An increase in the number of builders entering administration has led the state government to issue a warning to those investing in construction projects.

The US Federal Reserve has left interest rates on hold but, like other major global central banks, is leaving the door open to more hikes in the future.

The Federal Court has ordered the major bank to pay a hefty penalty for unconscionable conduct.