Unemployment rate climbs 4.1%, easing risks of RBA hike
Australia’s unemployment rate is back to the 4% level in April as more people looked for work, fanning hopes ...
Australian wages rise 0.8% over the March quarter
Australians have continued to receive real pay increases after wage growth maintained its edge ahead of inflation in the first quarter of 2024. But the lates...
2024-2025 Federal Budget: What it means for your finances
The 2024 Federal Budget was, as promised, one of “relief, restraint, and reform”.
What to expect in the 2024 Federal Budget
Tax cuts and subsidies – these are the big-ticket items highly anticipated to be delivered in this year&rsquo...
Macquarie & mutual banks hike home loan rates following RBA hold
The Reserve Bank of Australia (RBA) might have kept rates on hold, but plenty of banks and lenders tightened their ...
Banks unveil major boosts on term deposit rates
Term depositors are in for a treat as Australia’s largest bank led this week’s term deposit increases, while other providers unveiled new market-...
Reserve Bank holds cash rate despite concerns over stubborn inflation
Australian borrowers have been granted another reprieve as the Reserve Bank of Australia (RBA) elected to leave the...
Lenders drop home loan rates ahead of RBA meeting
Small lenders got a headstart on dropping their home loan rates in anticipation of another cash rate hold at next week’s RBA meeting.
New term deposit market-leaders emerge amid predictions of cash rate hikes
As one market leader retreats in the niche seven-month term deposit space, another takes the lead in the specialised five-year term segment, and a new ...
Building approvals rebound after a three-month decline
The government’s goal of building 1.2 million homes over the next five years has gotten a slight push following the rebound in building approvals in Ma...
Chronic undersupply pushes property prices up 0.6%
Australian property prices continue to rise unabated, hitting another record high amid insufficient supply.
Big home loan lenders drop variable rates
Two of the country’s major home loan lenders cut variable rates ahead of the reveal that the inflation rate came in hotter than anticipated.
Banks boost term deposits ahead of expected RBA rate cut delay
Three banks joined the ‘5% p.a. club’ this week after hiking the rates on their term deposit products.<...
Australia’s headline inflation heats up in March quarter
Headline inflation in Australia rose faster than expected in the March quarter, dimming hopes the RBA will deliver ...
To what extent did pandemic-era RBA policies affect the home loan market?
New RBA research found the increase in the average mortgage rate lagged behind the recent cash rate hikes.
NAB rate reduction shakes up home loan market
The country’s third-biggest lender National Australia Bank (NAB) slashing its variable home loan rates by mor...
Australia’s jobless rate lifts to 3.8% in March
New ABS jobs data revealed Australia’s unemployment rate rose to a seasonally adjusted 3.8% in March, suggest...
NAB's lower variable home loan rates reflect pricing strategy revamp
National Australia Bank (NAB) has dropped the advertised rates on its discounted variable home loan to better reflect the actual rates borrowers pay.
CommBank & Bendigo Bank-backed lenders shake up the mortgage space
Considering buying a new property? There’s been good news from CommBank’s competitively-priced digital ...
New term deposit market leader emerges in a quiet week of rate movements
A new top rate emerging for six-month term deposits livened up a relatively quiet week for TD rate changes. ...
Rent prices across capital cities hit fresh highs
Good news for investors, bad news for renters: Australia’s nationwide house and unit rental prices soared to new record highs as vacancy rates remain a...
Inflation, cash rate woes lead to prolonged consumer pessimism
Australian consumers are becoming more and more pessimistic as they grapple with persistent cost-of-living pressures and high interest rates.
Banks, customer-owned institutions adjust home loan rates
The first week of April welcomed more home loans breaching the 5% rate level.
Short term deposits bear fruit as banks push up rates
More banks are incentivising savers to choose a short-term product, with rates on some now north of 5% p.a.