Right now things feel awful. Inflation was going to be 3.9 per cent, not the present 3.6 per cent and headed down, and the Reserve Bank's cash rate was going to climb two times in the second half of 2023 from 4.1 per cent to 4.5 per cent. Back in mid-2023, when asked about the probability of a recession in …
A mortgage time bomb is threatening almost 900,000 Australian home borrowers who are behind on their repayments - and it could get worse from next month. Despite interest rates being at a record low of 0.1 per cent, 31 per cent of Australians with a home loan are in arrears, a survey by financial comparison website Finder found. Pictured is …
That's the universal response I've been hearing from consumer rights advocates to the Federal Government's proposed abolition of the responsible lending obligations. As the Consumer Action Law Centre observed, the Government's proposed changes to the National Consumer Credit Protection Act are "a solution in search of a problem". "The Commonwealth Bank recently said that the flow of credit is above …
