ABS

Building activity has been booming, even despite rising interest rates, the latest ABS figures have shown.

While refinance activity dropped in June more than $20 billion in home loans were switched.

The federal budget 2023–24 has allocated funds towards the ABS to deliver on new initiatives.

Annual inflation has continued to fall from its peak, the latest ABS data has revealed.

The total number of approved dwellings has declined in September according to the Australian Bureau of Statistics data.

The regulator has revealed it has “no such plans” to introduce new regulations to combat risks presented by AI.

A new survey has indicated that many borrowers feel that they aren’t getting the best offers available from their lenders.

The number of dwellings approved ticked up for the month, however, economists still note that approvals are sitting at low levels.

Dwelling approvals declined 7.7 per cent in June after a strong May result, the latest ABS data has revealed.

Construction costs and rate rises continue to weigh on first home buyer commitments, warns the industry. 

July’s annual CPI increase fell from the previous month below economist and market expectations, the latest ABS data has revealed.

A pause in the cash-rate hike trend seems unlikely, after ABS Q3 data revealed wage inflation growth.

MONEYME has announced that it has executed its inaugural asset-backed securities deal in the auto asset class.

The latest ABS data on building approvals has revealed a fall in total dwelling approvals for September, becoming the third-lowest month since June 2012.

Data released by the Australian Bureau of Statistics revealed that the total number of dwellings approved declined in November.