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The unemployment rate has risen to levels not seen since January 2022, the ABS has reported.

Commonwealth Bank of Australia (CBA) and its subsidiary CommSec have been hit with record fines after underpaying employees millions of dollars.

Two former Westpac heads have launched a new AI tool for repricing home loans that utilises “crowd haggling” to secure better mortgage rates.

APRA has welcomed the federal court’s decision to prevent the businesses from further operation.

A non-executive director of AMP has been appointed as the new chair of the group as Debra Hazelton retires.

New home loans funded by the major bank have once again declined year-on-year.

Broker channels are dominating residential loans at AMP, according to the bank’s results for FY23.

The non-major lender has announced that it has appointed a new head of home lending and broker distribution.

The RBA has elaborated on the potential risks facing its expectations for inflation.

The Treasurer has provided assurance that there will be no alterations to either negative gearing or capital gains.

New sentiment reports have shown buyers are hopeful about interest rates, which has driven a slight uplift in sentiment among home buyers.

The decline in median loan values has indicated a small improvement in buyer affordability, PEXA’s report has found.

The party has called for substantial changes to negative gearing in negotiations on the Help to Buy Bill.

The lender has welcomed a new member to its executive team after hiring a new chief risk officer.

The state’s capital city and regional sales numbers are currently above historic averages, new CoreLogic data has found.