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'Wealth effect' in full swing even as new car sales decline

CommBank's Household Spending Intentions report released today revealed a 'distinct' upturn in car spending intentions from late 2019.

By Harrison Astbury ● May 19, 2020

Should I buy or sell a house during the COVID-19 pandemic?

It’s one of the most Googled questions since the outbreak of the coronavirus pandemic: should I buy or sell a house right now?

By Emma Duffy ● May 18, 2020

Aussies withdrew $9bn in superannuation in three weeks

Australia's financial watchdog revealed that between 20 April and 10 May nearly 1.2 million successful super withdrawal applications were made.

By Harrison Astbury ● May 18, 2020

Consumer confidence bounces back in May: Westpac

Consumer confidence surged in May, marking the biggest monthly gain since the survey began nearly 50 years ago as Australia's success in containing the virus led to an easing in social restrictions.

By Emma Duffy ● May 13, 2020

Commbank: Coronavirus fallout could see house prices drop 30%

Australia's biggest bank said the economic fallout from COVID-19 could see house prices drop up to 32% in a worst case scenario.

By Alex Brewster ● May 13, 2020

Are JobKeeper and JobSeeker getting the axe earlier than expected?

It was widely reported that JobKeeper and boosted JobSeeker payments might not last the full six months, after statements the Government made on Friday.

By Harrison Astbury ● May 11, 2020

House prices to drop up to 15% in Sydney and Melbourne, banks say

Australia's strongest housing markets are set to be hardest hit by the coronavirus pandemic, with NAB and ANZ predicting double-digit price falls.

By Emma Duffy ● May 08, 2020

Greater Bank rated Australia's 'most trustworthy' bank, Bank of China least trustworthy

A recent survey has revealed Aussies find Greater Bank the most trustworthy out of 31 banks, while neobank Up has debuted in seventh spot.

By Harrison Astbury ● May 08, 2020

Coronavirus house price falls unlikely to increase home ownership: AHURI

Home ownership across Australia is predicted to fall despite house price falls brought on by the COVID-19 economic crisis.

By Emma Duffy ● May 07, 2020

COVID-19 forces $1.5 billion in gambling savings

If one silver lining exists from COVID-19, it's this: Australians have saved themselves $1.5 billion from gambling losses.

By William Jolly ● May 07, 2020

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