• Annual wage growth highest in three years
    Australian Associated Press2 days ago

    Annual wage growth highest in three years

    Hourly pay rates across Australia rose 2.3 per cent in the 12 months to September, the highest annual growth rate in three years.

  • City auction clearances set to hit new low
    Australian Associated Press4 days ago

    City auction clearances set to hit new low

    CoreLogic is reporting the latest capital city auction results are worse again, and likely to slide further.

  • Home loan approvals fell 1% in September
    Australian Associated Press7 days ago

    Home loan approvals fell 1% in September

    Home loan approvals for owner-occupiers fell 1.0 per cent in September, according to the ABS.

  • Australian Associated Press10 days ago

    Banks and miners lead ASX to a strong finish

    The Australian share market has pulled ahead, lifted by banks and mining stocks while the RBA announcement had little affect on the Aussie dollar.

  • RBA optimism on growth not widely shared
    Australian Associated Press10 days ago

    RBA optimism on growth not widely shared

    The Reserve Bank has kept the official cash rate at 1.5 per cent for a 27th month in a row.

  • Westpac profit flat as compensation bites
    Australian Associated Press11 days ago

    Westpac profit flat as compensation bites

    Westpac has reported a flat full-year profit of $8.07 billion as customer compensation and legal costs reined in the performance of its consumer bank.

  • Apartments lift building approvals in Sept
    Australian Associated Press17 days ago

    Apartments lift building approvals in Sept

    The Australian Bureau of Statistics has released official building approvals figures for September, showing a seasonally adjusted 3.3 per cent rise.

  • Mortgage approvals fall more than expected
    Australian Associated Presslast month

    Mortgage approvals fall more than expected

    Home loan approvals fell 2.1% in August, according to the ABS.

  • Under-fire banks drag ASX lower
    Australian Associated Presslast month

    Under-fire banks drag ASX lower

    The heavyweight financial sector is dragging the Australian share market down with the spotlight firmly on fallout from the Hayne royal commission.

  • RBA holds cash rate at 1.5 per cent
    Australian Associated Presslast month

    RBA holds cash rate at 1.5 per cent

    The Reserve Bank of Australia has held the cash rate steady at 1.5 per cent.

  • Rates to hold steady again as RBA meets
    Australian Associated Press2 months ago

    Rates to hold steady again as RBA meets

    Australia's rates are expected to hold steady again as the Reserve Bank meets, but new housing data is likely to show another drop in prices.

  • Australian Associated Press2 months ago

    ING lifts investor mortgage rate by 0.15pc

    ING has become the latest lender to hike interest rates with investor customers facing a 0.15 per cent lift.

  • Unemployment rate steady at 5.3% in August
    Australian Associated Press2 months ago

    Unemployment rate steady at 5.3% in August

    The unemployment rate has remained at 5.3 per cent in August, with the number of people with jobs growing by 44,000.

  • Australian Associated Press2 months ago

    Politics hurting consumer confidence

    Political upheaval in federal politics and mortgage rate hikes by most of the big banks has dealt a blow to consumer confidence in September.

  • Australian Associated Press2 months ago

    NAB opts against mortgage rate hikes

    NAB is keeping its variable mortgage rates on hold despite moves by its big four rivals to hike costs in response to funding costs.

  • Australian Associated Press2 months ago

    ANZ and CBA lift home loan rates

    Commonwealth Bank has followed its rivals in lifting variable mortgage rates and, like Westpac and ANZ, is pleading increased funding costs.

  • Australian Associated Press2 months ago

    Commonwealth Bank lifts mortgage rates

    Commonwealth Bank has followed its rivals in lifting variable mortgage rates and, like Westpac and ANZ, is pleading increased funding costs.

  • Australian Associated Press2 months ago

    RBA upbeat but cash rate stays at 1.5%

    The Reserve Bank has held the cash rate steady at 1.5 per cent and RBA Governor Philip Lowe says wages growth has finally "picked up a little".

  • Australian Associated Press2 months ago

    Retail spending flat in July

    A lacklustre result for retail spending in July has come in short of market expectations and pushed the Aussie dollar lower.

  • Australian Associated Press2 months ago

    Australian home prices fall in August

    The property market continued to slow in August even before Westpac lifted its mortgage rates, latest data shows.

  • Westpac rivals 'holding off' on rate hikes
    Australian Associated Press3 months ago

    Westpac rivals 'holding off' on rate hikes

    With regulators watching and growth in check, Westpac's major rivals may not rush to follow the lender's move to raise variable mortgage rates.

  • Australian Associated Press3 months ago

    Westpac to hike mortgage rates

    Westpac is raising variable home loan rates to 5.38 per cent for owner-occupier properties, and 5.93 per cent for investment properties.

  • Westpac rate hike fuels ASX gains
    Australian Associated Press3 months ago

    Westpac rate hike fuels ASX gains

    Australian stocks have gained after a surprise mortgage rate hike by Westpac triggered a surge in the banking sector.

  • Rates seen steady as RBA targets stability
    Australian Associated Press3 months ago

    Rates seen steady as RBA targets stability

    The Reserve Bank of Australia has stressed that keeping rates at 1.50 per cent would help reduce the jobless rate and lift wage growth over time.

  • Australian Associated Press3 months ago

    Unemployment rate eases to 6-year low

    Australia's unemployment rate has slipped to 5.3 per cent in July, its lowest level in six years, beating expectations.