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Showing 121 - 130 of 1400 results for "Household"

Australian economy 'fundamentally sound': CBA

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... focus on retaining existing customers and an improvement in acquiring new customers in a highly competitive market. Household deposits grew $14.9 billion in the quarter, in line with the market. While cost of living pressures remain challenging, consumer ...

Non-bank lender sued for dodging Credit Code

JAMIE WILLIAMSON  |  THURSDAY, 31 OCT 2024
... deliberately required companies to be named as the borrower when it knew the loans were intended for a domestic, personal, or household purpose, like a home loan - which would otherwise be captured by the National Credit Code and carry consumer protections. ...

Cbus rolls out Advice Essentials Plus

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... superannuation and retirement. Walker said Advice Essentials Plus was launched after the super fund identified a gap at the household level under the Advice Essentials offering. "Following a survey of our members it became clear that they wanted Cbus ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
... in the community without assistance is beyond reach for most older adults. Nearly half of those aged 60 and over have household incomes below the level required to afford basic needs.

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
The Commonwealth Bank's (CBA) Household Spending Insights (HSI) index fell 0.7% month on month in September, in seasonally adjusted terms, following a gain in August of 1.6%. The fall in September was in line with expectations, CBA chief economist Stephen ...

RBA feels 'not enough has changed'

ELIZA BAVIN  |  TUESDAY, 8 OCT 2024
... interest rates. "One of these was if consumption growth were to pick up materially in response to the recovery in real household disposable income that was likely to have begun around mid-year. If that were to occur, labour market outcomes could be stronger ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... resilience has been supported by firm, albeit softening, conditions in labour markets, a stabilisation or pick-up in real household incomes, and solid corporate earnings. "While there is a small but growing group of borrowers experiencing financial stress ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
Household wealth rose for the seventh consecutive quarter - rising 1.5% or $250 billion - in June 2024, according to data from the Australian Bureau of Statistics (ABS). Total household wealth was $16.5 trillion in the June quarter, which was 9.3% ($1.4 ...

Australians living through protracted period of economic misery: CEDA

ANDREW MCKEAN  |  TUESDAY, 24 SEP 2024
Australians are enduring the longest stretch of economic hardship since 2011, according to analysis by the Committee for Economic Development of Australia (CEDA). CEDA's analysis of the "misery index" - which combines inflation, unemployment, and interest ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
In August, Finder's Consumer Sentiment Tracker recorded the highest level of mortgage stress since it first began tracking in early 2019. More than two in five (42%) homeowners struggled to pay their home loan in August with an estimated 1.4 million ...