Affordability the toughest for lower-income households and FHBs Housing affordability is now at its worst level in at least three decades, with affordability in New South Wales, Victoria, and Tasmania the toughest, according to the latest PropTrack report. The...
The central bank has announced its decision to hold the official cash rate as the RBA governor wraps up his tenure. The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.1 per cent, in a decision that was widely expected by the...
While accumulated household savings are helping cushion impact of high rates, consumer spending is set to slow as borrowers approach record-high mortgage repayments. Over the next 12 months, consumer spending is set to “slow significantly” as excess savings dwindle...
ANZ, MFAA comment on offer reduction ANZ has explained the rationale behind its decision to reduce its home loan cashback offer, citing competition as a contributing factor. According to RateCity.com.au data on Tuesday, the number of lenders cashback offers in the...
The Reserve Bank has paused the cash rate yet again as it waits to assess the impact of the previous 12 hikes. Following its August monetary policy meeting today (1 August), the Reserve Bank of Australia (RBA) has decided to hold the official cash rate steady at 4.1...
The Australian Banking Association (ABA) has launched a new campaign to raise awareness about scams. This is a very topical issue, with Scamwatch receiving 14,603 reports about bank impersonation scams in 2022, resulting in more than $20 million in losses, according...
