Paying those extra couple of cents when tapping your card will be a thing of the past from Thursday thanks to a major change to the card system. Here’s the perk the banks are gutting.
Ryan Johnson
Two of the nation’s biggest lenders have warned homeowners to brace for another bruising interest rate rise when the Reserve Bank next meets again in November.
Daniel Newell
The Australian sharemarket has risen despite interest rates being hiked to a 15-year high.
Blair Jackson
Australia’s biggest banks have moved in lockstep after the Reserve Bank lifted the cash rate to its highest point since 2011 - in a “brutal” move for mortgage holders.
Cameron Micallef, Paige Fryer
Homeowners will bear the brunt of the Reserve Bank’s fight against inflation as it hits mortgage holders with a fourth rate hike this year.
Stephen Johnson
Australian households have been hit with a fourth interest rate hike, adding further pressure to budgets already buckling under the strain of sky-high fuel prices.
Australia’s benchmark index has fallen after unemployment hit its highest level since 2021, all but sealing the Reserve Bank’s next interest rate move.
Cameron Micallef
All aboard the Freo train! The Bull reveals WA’s six cabinet ministers travelling to Melbourne for the Dockers’ big day. Plus: Twiggy rubs shoulders with Hollywood at Dreamforce conference.
One of Australia’s big four banks has been struck by a major online outage, leaving many customers in the lurch.
David Hannant
WA’s biggest businesses are scrambling for more credit but holding off buying new equipment, raising concerns companies are borrowing to keep the lights on rather than bankroll expansion.
A new survey has surprisingly found more than half of Australians are happy for an AI agent to do this on their behalf.
Lonergan Edwards & Associates said the $145m offer by BoM exceeded its valuation of between $127m and $143m for the capital markets arm.
Sean Smith
WestpacIQ says Australia’s $175b data-centre boom could rival the LNG boom of the 2010s and add to rate pressure and inflation, as ANZ warns AI risks are growing.
Mortgage applications from first homebuyers are in the worst freefall since 2022 and sales of brand new homes have tanked, calling into question Labor’s Budget plans to boost housing supply.
Getting close to retirement and still paying off the mortgage? This hack allows you to use some of you super to help clear the debt while also making sure you can top up your nest egg.
Nick Bruining
Signals from senior Reserve Bank officials this week that it will not tolerate higher-for-longer inflation has prompted Citi to push out its terminal forecast for the official cash rate.
Lending rules introduced during the pandemic five years ago are being blamed for locking out first home-buyers and restricting the supply of new housing.
Brett McKeon founded AFG in 1994 alongside Kevin Matthews, Malcolm Watkins and the late Brad McGougan, running the company until transitioning to a non-executive directorship seven years ago.
The big four bank’s boss has called for more investment in Australian oil and gas, declaring that ‘fuel security is economic security’.
Adrian Rauso
In a grim warning to mortgage holders, experts say it is just a matter of when before interest rates soar to a 15-year high.
Blair Jackson and Cameron Micallef
The collapse of Sydney builder Bathla Group rings a warning bell for those investing in high income-paying investments, collectively called ‘private credit’ funds. Here’s how to check if your funds are at risk.
The Australian sharemarket has fallen despite a strong lead from Wall Street – with miners and energy stocks dragging the market.
The Reserve Bank has warned it still has a job to do on inflation as a Senate inquiry hears younger Australians and first-home buyers are bearing the brunt of rate hikes.
Ria Pandey and Cameron Micallef
The double whammy hit of higher interest rates and the Federal Government’s property tax shake-up have brought mortgage applications to a three-year low.
Cheyanne Enciso
