Fewer first home buyers as property prices recover

For the first time this year, the monthly number of new loans to first home buyers has fallen, perhaps reigniting housing affordability concerns as property prices rebound.

No Cup Day cash rate cut from the RBA

Australia’s central bank has not cut the cash rate at this month’s meeting, instead keeping it on hold at 0.75%.

Treasurer announces ACCC inquiry into mortgage prices

Treasurer Josh Frydenberg has today asked Australia’s competition watchdog to conduct an inquiry into the banking sector’s refusal to pass on recent interest rate cuts in full to its customers.

UBank cuts savings rate by 31 basis points

Popular online bank UBank has slashed the interest rate on its savings account products by 31 basis points – more than the official cash rate cut.