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Making news this week (week ending 27 May)

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.

 

You can read the full stories here: 

Broking industry reacts to Labor win 

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On Monday (23 May), the leader of the Australian Labor Party (ALP), Anthony Albanese, was sworn in as the 31st Prime Minister of Australia, alongside four frontbenchers, following the 

Election 2022: What’s next for housing? 

With the country now facing a rising interest rate environment amid record-high property prices, a key focus of this campaign has been on housing affordability (largely centred on home ownership, rather than renting).

ASIC didnt appeal ‘Wagyu and Shiraz’ case due to pandemic: former ASIC deputy chair

The regulator didn’t appeal the decision of the Westpac expenses case due to the “economic and health crisis”, the former deputy chair of ASIC has revealed.

NZ lifts interest rates

The Reserve Bank of New Zealand has lifted the benchmark interest rate to 2 per cent, as it tries to get a handle on surging inflation.

Treasurer Chalmers outlines economic priorities

The new federal Treasurer Jim Chalmers has set out Labor’s first priorities for the “tricky” economy.

 

Making news this week (week ending 27 May)
mortgagebusiness

Latest News

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up. ...

The financial watchdogs have remained wary of risks to the housing market as cash rate rises flow through to mortgage customers. ...

Australia’s household wealth has reached $14.9 trillion largely due to house price momentum, yet quarterly growth has continued its recent...

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