Household wealth hits a new record high

Australia’s household wealth has hit a new record high, smashing the previous highest ever recorded figure of $10,422 billion in September last year.

October RBA rate cut all but confirmed

Reserve Bank of Australia (RBA) Governor Philip Lowe has given his strongest indication to date that the cash rate will be cut again in October.

New trends emerge among first home buyers

Australians have become more pragmatic when buying their first home, with many looking at buying a small apartment and trading up within five years.

The ACCC wants another banking inquiry

ACCC chairman Rod Sims has reportedly sought approval from Treasurer Josh Frydenberg to conduct another inquiry into banks, according to government and regulatory sources.