ANZ, Macquarie and others cut mortgage rates despite RBA inaction
While Australia’s central bank continues to sit on its hands, a number of lenders have been busy cutting home loan interest rates this week.
May 10, 2019
Aussie bankruptcies hit 24 year low
Despite record high levels of household debt and mortgage stress in Australia, fewer Australians are filing for personal bankruptcy.
May 09, 2019
Veteran buy now, pay later provider partners with Myer, IKEA & more
Flexigroup, the originator of ‘buy now, pay later’ in Australia, has announced its new payments platform, Humm, will now be available across several additional major retailers.
May 08, 2019
RBA holds rates steady at 1.50%
Australia’s central bank has held the cash rate at 1.50% for the 30th meeting in a row.
May 07, 2019
The worst is over? Home price downturn continues to slow
While Australia’s property downturn spread to other parts of the nation over April, the national rate of decline eased, with the median dwelling value recording the smallest monthly fall since September last year.
May 01, 2019
Annual housing credit growth sinks to another record low
For the first time since records began in 1977, annual housing credit growth in Australia has slumped below 4%.
April 30, 2019
Australians hit by nearly $500 million in scams in 2018
New figures have revealed scammers ripped off Australians by over $489 million last year, with investment fraud and romance scams hitting hardest.
April 29, 2019
439,000 Aussies intend to retire in 12 months, despite meagre savings
The number of Australians planning to retire in the next 12 months has risen, with many set to rely on government benefits, according to research.
April 26, 2019
Quarterly inflation hits zero, May RBA rate cut looks more likely
Australia’s latest set of inflation figures have underwhelmed economists, sparking fierce calls for the nation’s central bank to cut interest rates as soon as next month.
April 24, 2019
RBA rate cuts ‘may have to wait’: March employment data smashes expectations
Despite Australia’s unemployment rate rising 0.1% points to 5%, employment growth in March was relatively strong, surprising many economists.
April 18, 2019
