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Federal government introduces stage 3 tax cut legislation

New legislation for the incoming stage 3 tax cuts has been introduced into Parliament.

NAB announces change of CEO

The big four bank has revealed that it will welcome a new group chief executive on 2 April.

Mortgage repayments ‘still rising’: RBA

Interest repayments on household debt are set to continue increasing as more fixed-rate mortgages roll onto higher rates, the ...

Adatree acquired by payments fintech

The open banking specialist has been purchased by payment services fintech Fat Zebra to drive ‘data-driven’ payments in ...

RBA holds, further increases 'not ruled out': Bullock

Although the official cash rate remains unchanged, the RBA governor has flagged that more rate increases are still possible

No change expected for cash rate

The RBA is expected to leave the official cash rate unchanged at its first board meeting of 2024.

Construction loan volumes hit record low in 2023

Just 32,116 construction loans were issued to owner-occupiers in 2023, the lowest number ever recorded, according to new data

Resimac welcomes new CFO

The chief executive of the non-bank lender has announced the lender’s next chief financial officer.

Australia sees second-busiest start to auction season on record

The first week of February 2024 saw the second-busiest start to the auction season on record, according to CoreLogic data.

New mortgage lending drops for first time in 5 months

Despite rising home values, new home lending volumes dropped in December 2023, new ABS figures have shown.

Largest mutual bank senior debt deal raised

A $400 million medium-term note transaction has been raised by a mutual lender, the largest deal of its kind by an Australian ...

2 banks announce intention to merge

The two customer-owned lenders are exploring a merger in a bid to benefit from economies of scale and create “Australia’s ...

Perth home values snag top spot in January

Australia’s western state has led the charge in home value growth for yet another month.

Dwelling approvals remain near decade lows

Building approvals took another hit in December following two months of gains.

Full interoperability needs to be ready by December 2025: ARNECC

ELNOs need to be ready for full interoperability for key documents by 31 December 2025, according to a new mandate.

All 4 majors see loan book growth

The major banks have recorded the first month of positive loan book growth across the board since July 2023.

December CPI points towards February cash rate hold

The lower-than-expected CPI figures will likely convince the RBA to hold the cash rate in February, economists have said.

Inflation growth at 2-year low

The ABS has revealed the smallest quarterly rise in the CPI since 2021.

Mortgage demand lifts as interest rates stabilise: Equifax

Positive growth for mortgage demand has been recorded for the first time in two years, Equifax has found.

Home loan stress rises following consecutive declines: Roy Morgan

New research has revealed a further increase in mortgage stress in the three months to December 2023.

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