The Loop: More banks announce mortgage rate increases, Roe v Wade protests in the US, The Kid LAROI sweeps the APRAs Get up to speed on today's headlines with The Loop. ABC News · May 3, 2022
Guy Sebastian manager break-up 'hostile' Guy Sebastian's break-up with his ex-manager, who's on trial for allegedly defrauding the singer of nearly $1 million, was acrimonious, a court has been told. AAP · May 3, 2022
The cost of living is surging, so why will the RBA add to it by raising interest rates? The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the economics behind it. ABC News · Apr 28, 2022
Inflation surge could see super-sized interest rate hike in June, economists warn The latest official inflation figures are expected to be the highest since the global financial crisis, and at least one leading economist warns they could trigger an extra large first interest rate hike from the Reserve Bank. ABC News · Apr 25, 2022
Westpac fined $40m for charging fees to the dead Judge says bank ‘utterly failed to address the issues systematically’ as its total penalties for misconduct rise to $130m The Guardian - AU · Apr 22, 2022
Expanding the Home Guarantee Scheme comes with pros and cons for first-time property buyers The government is expanding its home guarantee and the value of properties eligible for it, but experts warn there are risks as well as benefits for would-be buyers. ABC News · Apr 19, 2022
Australia’s March unemployment rate steady at record low 4%, despite expectations of fall Australia’s economy added more than 20,000 new jobs in March, as experts warn of workforce shortage The Guardian - AU · Apr 14, 2022
Auto scam block to save Aussies $120m A big four Australian bank will automatically block scam-suspected transactions from overseas, with the system tipped to stop 2000 customers a year being duped. AAP · Apr 10, 2022
Rising rates will put pressure on default risk Rising interest rates will be a juggling act for the RBA with debt serviceability The Canberra Times · Apr 7, 2022
Jobless rate could fall below 4pct soon The unemployment rate could fall below 4 per cent sooner than forecast in this week's federal budget with the number of job vacancies growing in recent months. AAP · Mar 30, 2022
Tax rise for low- and middle-income workers possible as LMITO's fate hangs on federal budget With cost-of-living concerns dogging the government ahead of next week's federal budget and the upcoming election, experts are again questioning whether its tax cuts are directed at those who need them most. ABC News · Mar 24, 2022
Russia to sell gas in roubles as sanctions bite, ASX turns positive on oil rally Commodity markets are set to be further disrupted, with Russian President Vladimir Putin saying unfriendly countries such as the US and those in the EU will have to pay for gas in roubles. The ASX edged higher as oil prices rallied. ABC News · Mar 23, 2022
Rising gas prices to bolster Aussie dollar Rising commodity prices are set to bolster a stronger Australian dollar. The Canberra Times · Feb 25, 2022
Many consumers expect rate rise this year The Westpac-Melbourne Institute consumer sentiment survey found 66 per cent of respondents expect an interest rate rise this year. AAP · Feb 8, 2022
ABC News · Feb 2, 2022 ASX lower, Westpac jumps on cuts and profit beat, Facebook owner Meta plunges Australian shares close lower after two straight sessions of gains, weighed down by technology stocks, while banking giant Westpac jumps after reporting first-quarter profit above estimates.
Newcastle Herald · Jan 29, 2022 Westpac helicopter transfers two from New England to John Hunter Hospital The Westpac Rescue Helicopter responded to two medical transfer requests from the state's New England region to John Hunter Hospital on Friday.
The Canberra Times · Jan 24, 2022 Inflationary rise puts pressure on mortgage costs Inflationary pressures forcing an early rate rise are set to put up costs for mortgage borrowers.
The New Daily · Jan 21, 2022 Home owners hit with rate hikes as bank funding costs rise Paying off your mortgage is getting more expensive, with Westpac becoming the latest of 17 banks to hike their fixed rates this year.
ABC News · Jan 20, 2022 Westpac forecasts RBA rate rise by August, mortgage borrowers to face $103 monthly hit Westpac is now expecting the Reserve Bank to start raising official interest rates as early as August, with a peak cash rate that could increase typical mortgage repayments by more than $400 a month.
AAP · Jan 20, 2022 ANZ drops home loan rates, matches Westpac ANZ Bank has put more pressure on home loan rates and matched Westpac's lowest variable rate.
The Guardian - AU · Jan 20, 2022 Australia’s unemployment rate drops to lowest point in more than 13 years Economy adds 64,800 jobs in December, but ABS survey period did not include economic disruption caused by Omicron wave