Making news this week (week ending 4 March)

You can read the full stories here:

Federal government offers grants, as ‘flooding disaster’ escalates

The federal government has announced financial support is available for flood-impacted victims, as major flooding continues in South-East Queensland and the NSW North Coast.

Correction in housing expected: Former treasurer Peter Costello

A “correction” in the housing market could be on the cards as interest rates lift, the former federal treasurer Peter Costello has suggested.

ANZ restructures, exec to depart

The big four bank will consolidate its digital and retail divisions, with its commercial business set to operate separately.

Ukraine war weighs on RBA’s rate deliberations

Reserve Bank governor Philip Lowe has called the Ukraine war a “major new source of uncertainty”, with a rate rise seeming unlikely for the near future.

Housing value growth loses steam

After almost two years of significant housing value growth, every capital city and broad “rest of state” region is trending downwards, according to the latest data.

ME Bank hands back banking licence

The non-major bank has officially had its banking licence revoked after handing it back following its merger with Bank of Queensland.

More disaster assistance flows to flood victims

More financial assistance begins to pour in for flood-impacted residents, as the deluge of the floods leaves hundreds of thousands of people affected.

Investor lending hits new records in January

New loan commitments continued to rise over January — reaching $33 billion — driven by investor lending, the latest data reveals.