millennials save money

New car sales halve in largest ever monthly decline

New car sales fell by 48.5% in April compared to the same period last year, as the economic fallout from COVID-19 deepens.

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millennials save money

Is the RBA going to change rates today?

After holding the cash rate steady in April, Australia's central bank meets today to discuss the possibility of a rate change.

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millennials save money

April job ads halve in record-breaking plunge

With non-essential services shut down in April, ANZ job ads fell 53%, to be down 62.2% year on year.

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millennials save money

Coronavirus sees $7 billion worth of loan repayments deferred

Australians experiencing financial hardship due to COVID-19 have deferred $6.8 billion business, mortgage and other loan repayments.

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millennials save money

Will fintechs survive the coronavirus era?

With a recession looming and economists split as to its length, how will the fintech sector cope?

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millennials save money

Commbank starts reducing customers' home loan repayments to the minimum

Commonwealth Bank has started to automatically reduce home loan repayments for eligible customers to the minimum amount.

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millennials save money

Coronavirus sees personal credit hit 12-year low while business credit spikes

Personal credit growth declined 1.4% in March, the steepest monthly fall since the global financial crisis in November 2008.

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millennials save money

Inflation rises 0.3%, largest annual increase since 2014

Australia's rate of inflation has risen by 0.3%, taking annual inflation to 2.2% for the March quarter.

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millennials save money

NAB: Coronavirus impact could see house prices drop 30%

A worst-case COVID-19 scenario could see Australian house prices decline by a cumulative 30%, NAB research shows.

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millennials save money

Westpac: RBA cash rate to remain unchanged until 2023

Australia's cash rate will hold at 0.25% for at least three years, according to economists at Westpac.

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