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Market
Key groups herald continued slump in home prices
REA boss says ‘the interest rate rise, tax changes and the cumulative impact of higher borrowing costs weigh on buyer demand’.
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Economy
‘Like family’: regions get promise on bank branches
The nation’s biggest bank has renewed its commitment to maintain branches for regional Australians for at least another four years.
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Economy
Planning for retirement is not that easy
New survey shows people worry about running out of money, pointing to ongoing cost-of-living concerns.
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Economy
Major bank sees drop off in housing loans after budget
Federal Labor policy changes for capital gains tax concessions and negative gearing appear to have prompted a decline in mortgage applications, a bank says.
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Economy
Rush: high gold price lifts WA job prospects
It’s a case of jobs, jobs, jobs in the West Australian goldfields as miners chase high commodity prices, rush to restart operations and build new plants.
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Economy
Aussies face ‘poverty premiums’ on insurance payments
At a time when households face higher insurance premiums across the board, the industry is being warned not to penalise customers paying monthly or quarterly.
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Regulation
Dodgy superannuation offerings still occurring ‘in pockets’
Regulator says super trustees ‘still not doing enough to protect members from harmful advice and inappropriate investments’.
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Economy
Australia’s fiscal metrics ‘broadly weaker’ than peers
A top rating agency has reiterated its confidence in Australia’s ability to pay its bills, while hinting at potential longer-term issues with its NDIS spending.
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Economy
Resilient forgotten generation is coping, not thriving
Generation X, which sits between Baby Boomers and Millennials, are the subject of a new Australian study into how they feel about their financial future.
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Market
Gen X ‘resilient and capable’ in face of economic pressure
New study shows ‘forgotten population’ may have to take their mortgage debut way into their retirement.
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Economy
Small businesses win as popular supports locked
Two supports for small businesses will be made permanent as part of a $3.5 billion tax relief package outlined in the federal budget.
Economy
Inflation, growth, rates hinge on conflict’s end
The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.
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Economy
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.
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Economy
Inflation, growth, rates hinge on conflict’s end
The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.
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Economy
Big four bank: clients have savings buffers
One of the nation’s big four banks has lifted its interim earnings while warning that the impact on customers from the Middle East conflict is still to be felt.
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Economy
‘Don’t panic’: cash isn’t king when it comes to super
The US war on Iran is spooking Australians who’ve watched their super pools drop tens of thousands of dollars since the conflict began on February 28.
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Market
Major builder expects ‘chronic undersupply’ to continue
Pent-up demand has property group Mirvac optimistic about the outlook for residential housing despite the prospect of higher interest rates.
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Market
Bank business clients proving resilient, despite rates
One of the bright spots in Commonwealth Bank’s interim results this week was its interactions with businesses, particularly in regional Australia.