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Releasing revised economic forecasts in his first ministerial statement on the economy, Treasurer Jim Chalmers has noted the “pain” that millions of mortgagors are feeling.
Australia’s annual consumer price index has grown to a rate of 6.1 per cent, with housing noted as a key driver.
Customers refinancing to Westpac’s Flexi First Option basic home loan will be the first to access the bank’s new digital mortgage, set to roll out in the final quarter of this year.
Wayne Byres has advised the Governor‑General of his intention to step down as chair of the prudential regulator.