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News
Westpac says home loan applications down 20% since budget
1+ hour, 28+ min ago (184+ words) August 10, 2026 — 9:19am Westpac says new home loan applications have fallen 20 per cent since the May budget, when the government announced a tightening of tax concessions for property investors, as the banking giant’s profits moved higher. The nation’s second-largest mortgage lender on…...
Is keeping your money in a savings account such a bad thing?
1+ day, 5+ hour ago (289+ words) August 9, 2026 — 5:00am There’s a common thread in a lot of money advice that keeping all your hard-earned just sitting in a savings account is a bad thing, with the idea being you should be putting that money to work for you…...
House price corrections come and go, let’s not overreact this time
1+ day, 5+ hour ago (474+ words) August 9, 2026 — 5:30am Australia’s twin urban giants – Sydney and Melbourne – are leading a broad-based downturn in house prices. Nationally, dwelling values have fallen by 2 per cent since their peak in March, according to data published last week by property information firm Cotality....
Big four banks expect property market to feel pain through 2027
1+ day, 5+ hour ago (853+ words) August 9, 2026 — 5:00am The nation’s big four banks expect the property market to recover next year but not enough to offset this year’s declines, even as chances grow that the Reserve Bank will start slicing interest rates in the second half of…...
Mortgage stress surges across Australia
1+ day, 15+ hour ago (62+ words) Experts are warning Australia has hit its highest risk of mortgage defaults in 25 years, with thousands of homeowners at risk of falling behind on repayments. Updated August 8, 2026 — 6:50pm,first published 6:48pm...
The simple $174,000 question many retirees still get wrong
2+ day, 5+ hour ago (1055+ words) August 8, 2026 — 5:02am I was asked a simple question on social media this week, one that most people in the retirement and superannuation industry think people already know the answer to. But to my surprise, it sparked an enormous conversation. The question…...
Australia retains AAA as tax changes and spending cuts help bottom line
3+ day, 17+ hour ago (530+ words) Updated August 6, 2026 — 4:56pm,first published 4:49pm Australia has retained its triple-A credit rating from S&P Global, with the federal budget’s property tax changes and proposed cuts to the NDIS highlighted as reasons for the nation’s strong fiscal position. One of just…...
Not just upheaval: AI could deliver $120b boost and more jobs
4+ day, 10+ hour ago (744+ words) August 6, 2026 — 12:01am Artificial intelligence could deliver the national economy a desperately needed productivity boost worth almost $120 billion and support the creation of tens of thousands of jobs, a nation-leading analysis has found. Compiled by consultancy EY, the modelling of AI’s impact…...
Stop complaining. Australia’s in good economic shape (mostly)
5+ day, 5+ hour ago (1051+ words) August 5, 2026 — 5:00am Did you know that Australia has one of the oldest federations in the world? And did you know that this year we are – or should be – celebrating its 125th birthday? Apparently, this is known as its quasquicentenary. In a recent…...
US-Japan currency: Why Trump got involved in the yen
5+ day, 22+ hour ago (1105+ words) August 4, 2026 — 11:57am The joint Japanese and American intervention in currency markets to prop up the Japanese yen seems to have worked, for the moment at least. Whether it lasts, however, is another matter. On Thursday and Friday last week, the Bank…...