Australia might need 70,000 extra rental properties to meet demand.
National vacancy rates dropped to new record lows in the September quarter, with rental rates rising accordingly.
CommBank-backed OwnHome rolls out Deposit Boost Loan
CommBank-backed OwnHome has launched a new financing option that will allow potential homebuyers to enter the housing market without needing to save up for a...
Payday lender Cigno sued by ASIC, allegedly charged fees 600% more than loan amount
The corporate regulator is taking two payday loan providers to the Federal Court, alleging some customers were charged fees totalling more than seven times w...
Cash rate still on hold in October
In her inaugural monetary policy move, RBA Governor Michele Bullock decided to extend the cash-rate freeze in October despite the recent uptick in the monthl...
Number of stressed mortgage holders at record high
Close to a third of mortgage holders are now at risk of mortgage stress, according to new research from Roy Morgan.
Here's what economists are saying ahead of the RBA's decision tomorrow
It'll be Michele Bullock's first monetary policy decision as governor, after Dr Philip Lowe's term expired mid-September, but many economists have tipped the...
Check out the biggest term deposit rate movers this week, 29 September
Is the cutting spree among term deposit providers finally over? Judo Bank, ME, and Bank of Queensland are beginning to increase their rates but some players,...
NAB does a do-si-do, increases home loan rates it cut two weeks ago
On Thursday NAB repriced a few fixed-rate home loans after cutting rates on the same products two weeks ago.
RACQ Bank introduces cashback offers to new homebuyers, refinancers
While several lenders have discontinued their cashback offers, RACQ Bank has broken from the pack, introducing a new cashback incentive for new home loan app...
Average Aussie's net worth increases to $567,632
The latest ABS data for the June quarter revealed the average Aussie's net worth increased 2.1% to $567,632 off the back of a rebound in property values and ...
Matildas drive retail spending 0.2% higher ahead of RBA rate decision
Retail trade across the nation increased 0.2% in August on a seasonally adjusted basis, with turnover lifting to $35.4 billion.
The areas in Australia where annual rent could increase by up to $3,900
Construction costs and 'investor bashing' mean the rental crisis is likely to continue, with Sydney, Melbourne and Brisbane showing signs rates will keep sur...
How 5.2% inflation will impact October's monetary policy decision
The ABS monthly inflation indicator came in at 5.2% in the 12 months to August, in-line with expectations and unlikely to push the chance of an RBA hike in O...
House prices forecast to jump 9% from mid-2024
House prices are set to spark this fiscal year before roaring to life in financial year 2025, with a surprise city ...
Westpac Group enables cross-brand cash transactions
Westpac Group is expanding access to its brick-and-mortar network across its subsidiaries, allowing its clients to transact at any branch nationwide.
Mutual bank banks on technology partner to streamline home loan process
BankVic is introducing a new platform in partnership with NextGen that will digitise and automise its home lending process.
Shared equity scheme shaves years off home buyers’ journey into property market
Hundreds of Australian home buyers are turning to programs wherein the government will buy a portion of a property for them in an effort to get into the mark...
Anti-scam initiatives worth more than $228 million
In the year ending June 30th 2023, CommBank anti-scam initiatives prevented and recovered more than $228 million that would otherwise have been lost to crimi...
Customer-owned banks lead home loan charge in week of inquiry
Representatives from the Customer Owned Banking Association (COBA) on Thursday told a parliamentary inquiry into regional bank closures that mutual banks pun...
Which lenders are moving home loan rates, 22 September?
The past week was pretty subdued in terms of home loan rate movements, which primarily happened in the fixed space, but ANZ came to play.
ANZ slashes term deposit rates — find out other rate movers this week, 22 September
Term deposit (TD) providers, including ANZ and Suncorp, continued the reduction in rates over the past week but some are starting to boost their offerings ag...
One million Aussies urged to join legal fight over ‘outrageous’ car loan practice
Australian motorists can sign up to take part in the biggest consumer class action in Australian legal history, with Westpac, ANZ, Macquarie, and St George i...
CBA underscores Tesla's new financing option
CommBank is providing a low-rate personal loan to Australians who are planning to get themselves a Tesla.
Is Australia set to run short of units?
CoreLogic is predicting an upcoming shortage in the unit market, which could mean strong price growth.