Warm August weather drives early spring shopping surge
The warm August weather brought consumer spending back to life after it flatlined in the previous month, data from the Australian Bureau of Statistics (ABS) ...
Spring selling season fails to heat up Australia’s cooling property market
Australia's home values posted a muted rise in the September quarter, signalling a cooling property market.
Customer-owned banks lead home loan rate cuts amid RBA hold
A customer-owned bank group has stolen the spotlight in another week of fixed rate home loan cuts, after dropping the rates on its variable mortgage products...
Don't come knockin' while this TD van is a-rockin'
This week proved interesting for term deposit rates, with mostly cuts, but also a few bright spots along the way.
Energy subsidies pull August headline inflation rate under 3%
Electricity rebates rolled out in August dragged Australia's headline inflation back within the RBA's target range, according to data from the Australian Bur...
CBA's term deposit rate cuts point to more weakness in the market
Australia's largest bank CBA made cuts to a series of term deposit rates after leaving them untouched for six weeks.
RBA resists rate cuts despite mounting pressures
The Reserve Bank of Australia (RBA) has enacted to leave the cash rate unchanged from its 12-year peak of 4.35% until November.
Mutual bank unveils record-high 6% savings account rate
A customer-owned bank launched a special 6% p.a. rate for its savings account product last week, the first time such a rate has been seen in 11 years. But is...
Axe falls on term deposits as credit unions lead the charge
The past week has delivered another round of term deposit rate cuts, mostly from Australian credit unions and mutual banks.
Tiny credit union makes big mortgage moves; big players continue to shake up market
The past week was a more subdued one in terms of the scale of movements, but there were a few peculiar changes indeed.
Fed slashes interest rates by 50bps, pressuring RBA to respond
The US Federal Reserve has slashed its interest rates by half a point overnight in an aggressive start to its first easing cycle in four years, increasing pr...
Not much to read in the 4.2% unemployment rate, but lots lurking beneath
ANALYSIS: The government likes to crow about its success of adding hundreds of thousands of jobs to the economy, but a large portion are in low-productivity ...
Aussie sellers reap record-high profits in property sales
Aussie vendors netted record profits from property sales in the June quarter, a recent report revealed.
Credit card fees, rates on the rise amid decline in credit reliance
National Australia Bank (NAB) hiked interest rates and fees across select credit cards on Friday as Aussie consumers become less reliant on the plastic to ma...
Will anything arrest this fall in term deposit rates?
Term deposit rates are on the slide again, this time from Westpac subsidiaries and smaller banks; AMP also cut the rate on its popular savings account rate.<...
Fixed rate home loans in freefall as lenders race to the bottom
Australia's fixed rate home loan market continues to see increased activity, with more lenders taking a knife to their interest rates.
Big bank integrates cashback platform in-app to enhance customer savings
Major Australian bank ANZ has announced the launch of Cashrewards add-on within its mobile Plus app, streamlining cashback opportunities for customers.
Australia’s total residential real estate value hits a new record
The combined value of Australia's residential real estate has set a new record, climbing to $10.91 trillion in the June quarter of 2024.
Rising mortgage costs drive more first home buyers towards Home Guarantee Scheme
Around one in three first home buyers across Australia in the 2023 financial year entered the housing market with the support of the Home Guarantee Scheme (H...
Investors drive jump in home lending
New data shows lending for housing leapt 3.9% in July over the previous month, with investor lending continuing to dominate growth.
Mixed bag for savers: Banks cuts term deposit rates while few raise offers
September's opening salvo is marked by another series of downward shifts in the term deposit space as more banks cut rates, though a few notable providers bu...
Another week, another series of home loan rate cuts
This week was another busy one in terms of fixed-rate home loan cuts, but the market prefers variable; here's where to find them.
Australia records worst per capita recession on record, productivity slumps
June quarter national accounts confirmed Australia’s economy grew at its slowest pace - outside of Covid - since the 1991 recession, as soaring cost of...
UBank reduces variable rates, CBA research finds first home buyers going it alone
The digital bank founded in 2008 has cut a host of variable rates for new customers, while CBA research shows more first home buyers are going it alone.
