Lenders told to ‘support customers’ facing hard times
Lenders must watch out for customers because the corporate regulator won't take a backward step as households face hardship, the outgoing ASIC chair will warn.
Lenders must watch out for customers because the corporate regulator won't take a backward step as households face hardship, the outgoing ASIC chair will warn.
We have all had a sense of it for some time, but an Australian Bureau of Statistics survey just released confirms we are not the happy-go-lucky people we once were. Conditions are just getting the better of us.
Corporate behemoth Wesfarmers, the owner of Bunnings and Kmart has pulled those two big names together to create a “prefab” home construction business that promised to deliver dwelling cheaper and twice as fast as conventional builders.
Economic echoes of the post-COVID-19 period indicate global volatility will not break Australia's hunger for credit, lowering the odds of recession.
Treasurer Jim Chalmers has poured cold water on suggestions the budget will include a cash splash for households for cost-of-living relief.
The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.
Australians have been spending more of fuel and groceries and less on life’s little luxuries as fighting continued to rage in Iran, new data has shown.
The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.
Mortgage holders are set to be cumulatively worse off by hundreds of dollars a month in interest payments since February after another Reserve Bank rate hike.
Jim Chalmers is putting the finishing touches on his fifth federal budget, with some of the measures starting to be revealed.