Is the new $100 note, out October, the last update to a banknote we’ll see?

The RBA has been busy printing 400 million hundred-dollar bills in anticipation of rolling them out into public wallets, bringing to a close a banknote redesign program decades in the making.

Renovations boom during COVID-19, average loan over $60k

People are spending more than $60,000 on average renovating their home, according to annual lending data -- that’s a rise of more than 20 per cent in a year.

Changes to JobSeeker and JobKeeper take effect

The first decrease in the welfare payment keeping more than a million people financially afloat drops by $300 today, while the other keeping millions more in work tapers too.

Responsible lending rules are on the cutting board this federal budget

The responsible lending obligations that place the burden on banks to make sure a person can afford to repay the debt they’re being sold could be scrapped in the upcoming federal budget, Treasurer Josh Frydenberg has said.

Eviction moratoriums extended as COVID-19 lingers

Investors managing rental properties won’t be able to evict tenants in the nation’s largest state after the government extended a moratorium.

Household wealth grew by $5881, a partial recovery for the quarter

Some of the value people lost in superannuation, shares and savings due to the COVID-19 pandemic has been recovered, quarterly figures reveal, but a larger rebound was held back by falling property values.

As deferrals end for 450,000 mortgages, APRA sends banks a warning

The bank regulator has spelled out the obligations of banks as they resume the mortgage repayments of borrowers impacted by COVID-19 in an open letter to the industry.

Home loan pre-approvals surge to new heights

Falling property prices haven’t been enough to shake confidence in the market as mortgage pre-approvals skyrocket to an all time high, according to the largest mortgage broker in Australia.

Falling rents could have a scarring impact for years

The drop in demand for rental properties has proven so severe that it may lead to a development fall of hundreds-of-thousands of apartments, according to a government agency.

The tough question facing first home buyers: spend more time or more money?

Many first home buyers are having to make the tough decision between waiting additional years to save a large deposit or spend thousands of dollars extra to buy a property sooner.