There was a flurry of rate cuts this week, as two of the big four and other lenders made moves ahead of the Reserve Bank's cash rate decision next month.
The latest dwelling approval data highlights Australia's lack of medium density properties, according to a research report from property analytics firm Corelogic.
Neobank Xinja said its new 2.25% p.a. Stash savings account is a 'true alternative' to the big four, and more than $30 million has flowed through in its first week.
Consumer confidence has dived in January in the wake of Australia's most devastating bushfires, as unease grows about the impact it will have on the economy.