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Monthly CPI expected to return above 5%: Economists
27 September 2023

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

How rental pain is expected to push home prices higher
27 September 2023

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.

ANZ to commence remediation program following fine
26 September 2023

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’s CEO to depart
26 September 2023

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

Banking code committee to launch inquiry into financial difficulty
26 September 2023

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

BankVic moves to new lodgement system
26 September 2023

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

Australians are becoming more scam aware: CBA
26 September 2023

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

Unit demand lifts amid national shortage: CoreLogic
25 September 2023

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

‘Do your homework’: SA government warns investors
25 September 2023

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

Fed Reserve holds but another hike still possible
25 September 2023

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.

Major bank hit with $2.1m penalty
22 September 2023

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

Loss-making sales and arrears tick up
22 September 2023

Recent data may have revealed signs of distress among borrowers in relation to the amount of debt taken on.

REIQ CEO calls for conversations about housing to change
22 September 2023

The organisation’s chief executive has urged for more productive talks about housing from the industry and government alike.

Banking code questioned in regional banking inquiry
21 September 2023

A Senate inquiry has questioned how the ‘voluntary’ banking code of conduct is supporting regional communities amid bank branch closures.

Victorian government sets ambitious housing target
21 September 2023

The Andrews government has unveiled a bold new 10-year housing plan to boost supply and affordable housing in the state.