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Auction activity remains strong; new listings are up
19 September 2023

The week ending 17 September recorded yet another busy week for auction activity, recovering from the slight fall in the week prior.

Non-bank announces immediate retirement of chairman
19 September 2023

Jon Denovan has been elected as the new independent chairman of the company as part of several recent appointments.

Major brokerage announces plans to delist
18 September 2023

The mortgage broking group is set to go private again after applying to the ASX requesting to be removed from the stock exchange.

Unemployment rate holds steady at 3.7%: ABS
18 September 2023

The ABS has released the latest unemployment rate data, revealing a resilient labour force that surpassed some forecasts from major bank economists.

CBA’s $50m CCI class action settlement approved
18 September 2023

The Federal Court has approved the major bank’s $50 million settlement in a class action focusing on junk consumer credit insurance.

AMP CEO appointed to FSC board
18 September 2023

The Financial Services Council has appointed two chief executives to its board.

Rate anxiety affecting 75% of mortgagors
18 September 2023

A recent poll reported that three-quarters of mortgage holders say their health and relationships have been impacted by rising home payments.

Great Australian dream ‘alive and well’: Mortgage Choice
15 September 2023

The majority of Australians believe that property is still a good investment despite current economic conditions, the aggregator’s survey has found.

AHURI calls for ‘smarter government interventions’ to help FHBs
15 September 2023

The national research organisation has outlined certain measures the government can adopt to assist first home buyers in achieving home ownership.

Median dwelling values rose 2.8% in June quarter: ABS
15 September 2023

The average price of residential dwellings rose for the quarter ended 30 June 2023, ABS has confirmed.

Rate cuts could come by March 2024, say AMP, CBA
14 September 2023

With rapidly rising interest rates having slowed spending and inflation, consumers could expect cuts by March next year, according to lender economists.

Softness in spending likely to continue into 2024: CBA
14 September 2023

Growth in the major bank’s annual HSI has slowed due to rising rates and is expected to continue into the new year.

Industry welcomes passing of Housing Australia Future Fund
13 September 2023

After undergoing revisions, the Housing Australia Future Fund has successfully gained approval in the Senate, welcomed by industry leaders.

Mortgagor confidence up, but overall sentiment still languishes
13 September 2023

While consumer sentiment among mortgage holders has increased, overall sentiment still sits at 30-year lows, Westpac has revealed.

Increase in resi investor sales worsens rental crisis: PIPA
13 September 2023

An annual survey has shown a “staggering” number of investors across the nation selling one or more of their rental properties in the past 12 months, exacerbating the rental crisis.