CBA confident of economic recovery as housing market beats expectations

Commonwealth Bank chief executive Matt Comyn says the economy has made a marked recovery over the last six months and he expects more positive trends this year as low interest rates, government stimulus measures and rising house prices support a rebound in activity. After the nation’s biggest bank delivered a $3.9 billion half-year profit on […]

RBA makes interest rate decision

The Reserve Bank of Australia (RBA) will keep interest rates on hold in July as experts predict the next interest rate move won’t be for years.  The RBA hasn’t moved rates from their record low 0.25 per cent level since March as Australia battles the twin challenges of coronavirus and the economic fallout.  All 43 experts […]

What does the latest employment data mean for the housing market?

Over the past two months, economic and housing market indicators have been fairly subdued. However, they have shown an improvement since April. A rise in sales over May saw a strong absorption of new listings, clearance rates have rebounded since the easing of restrictions, and consumer confidence has risen 33.0% since its trough in May. However, comprehensive coverage of […]

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