Economy

Business owners are becoming more conservative with borrowing after recent data highlighted challenges are persistent.

The rental market is worsening for Aussies as prices hit their worst since reporting began.

While GDP growth was modest for the December quarter, this bodes potential good news for the mortgage market going forward.

The beginning of 2025 saw a strengthening in housing approvals, the latest ABS data has shown.

While the RBA’s decision to cut rates by 25 bps was a welcome and long-awaited move, more is needed to help get people (especially first home buyers) into homes.

Despite the third consecutive rise in mortgage stress levels, the figures are still lower than prior to the introduction of the stage 3 tax cuts.

The February minutes have revealed that the board has not guaranteed any more rate reductions in following meetings.

Small businesses across Australia face rising payment delays, putting cash flow at risk and threatening business sustainability.

A large fall in electricity prices has offset the January CPI rise, which remained well within the RBA’s target range.

Financial hardship for Aussie businesses is set to ease throughout 2025 after a recent report detailed upward trends.