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Land shortages driving prices to new records: HIA

The median price of a residential block of land has hit new records due to shortages on land, the HIA has found.

Unemployment up, but remains stable: ABS

The unemployment rate has risen to levels not seen since January 2022, the ABS has reported.

CommBank hit with record fines after underpaying employees

Commonwealth Bank of Australia (CBA) and its subsidiary CommSec have been hit with record fines after underpaying employees ...

New AI loan repricing platform launches

Two former Westpac heads have launched a new AI tool for repricing home loans that utilises “crowd haggling” to secure better ...

Unauthorised banking businesses granted injunction

APRA has welcomed the federal court’s decision to prevent the businesses from further operation.

New AMP chair appointed

A non-executive director of AMP has been appointed as the new chair of the group as Debra Hazelton retires.

CBA’s loan flow contraction continues

New home loans funded by the major bank have once again declined year-on-year.

AMP reveals increase in broker flow for FY23

Broker channels are dominating residential loans at AMP, according to the bank’s results for FY23.

Bank announces new head of home lending

The non-major lender has announced that it has appointed a new head of home lending and broker distribution.

RBA reveals looming uncertainties around inflation forecast

The RBA has elaborated on the potential risks facing its expectations for inflation.

Treasurer says no negative gearing or capital gains changes coming

The Treasurer has provided assurance that there will be no alterations to either negative gearing or capital gains.

Consumer sentiment bolstered by rate decisions

New sentiment reports have shown buyers are hopeful about interest rates, which has driven a slight uplift in sentiment among ...

PEXA data reveals drop in loan values over CY23

The decline in median loan values has indicated a small improvement in buyer affordability, PEXA’s report has found.

Greens take aim at negative gearing, capital gains tax

The party has called for substantial changes to negative gearing in negotiations on the Help to Buy Bill.

Non-major welcomes new executive team appointment

The lender has welcomed a new member to its executive team after hiring a new chief risk officer.

WA sales volumes trending above 5-year averages: CoreLogic

The state’s capital city and regional sales numbers are currently above historic averages, new CoreLogic data has found.

Clearance rates reach 8-month high

Auction clearance levels have hit their highest rate since June 2023, according to new data.

Predatory lending directors will be held personally accountable: ASIC

Directors will be held personally accountable if predatory lending and high-cost credit have resulted in consumer harm, the ...

Shadow housing minister vows to circumvent states on housing

Speaking at the National Regional Housing Summit, member of Parliament for Deakin, Michael Sukkar, has said an LNP leadership ...

RBA could consider rate cuts before inflation target: Bullock

The central bank may not wait for inflation to return to its target band before cutting interest rates, the RBA governor has ...

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