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Mortgage lending fell as COVID-19 loomed

The value of new home loans fell by a worse-than-expected 1.7 per cent in February even before the most serious coronavirus lockdown measures were in place. Economists had tipped the total value of housing loans [...]
News

Parliament meets to pass $130b wage scheme

Wage subsidies designed to save six million jobs will be approved by federal parliament as a reduced number of politicians meet in Canberra. Prime Minister Scott Morrison said the $130 billion JobKeeper scheme was the [...]
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NSW COVID-19 restrictions could be relaxed

The NSW premier has flagged a potential relaxation of tough social distancing restrictions as new COVID-19 infections continue to stabilise. The state has recorded 48 new COVID-19 cases as of Wednesday, taking the state’s total [...]
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S&P downgrades Australia to negative

S&P Global Ratings has downgraded its outlook on Australia from stable to negatative as a result of the government’s stimulus measures. The agency also reaffirmed its AAA/A-1+ long and short-term local and foreign currency ratings. [...]
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APRA suspends the issuing of new licences

Australia’s financial services regulator will temporarily suspend the issuing of new banking, insurance and superannuation licences amid uncertainty created by the coronavirus pandemic. The Australian Prudential Regulation Authority has issued a letter to applicants saying [...]

Mortgage lending fell as COVID-19 loomed

Real Estate

April 8, 2020 0

The value of new home loans fell by a worse-than-expected 1.7 per cent in February even before the most serious coronavirus lockdown measures were in place. Economists had tipped the total value of housing loans [...]

Parliament meets to pass $130b wage scheme

News

April 8, 2020 0

Wage subsidies designed to save six million jobs will be approved by federal parliament as a reduced number of politicians meet in Canberra. Prime Minister Scott Morrison said the $130 billion JobKeeper scheme was the [...]

News

NSW COVID-19 restrictions could be relaxed

April 8, 2020 0

The NSW premier has flagged a potential relaxation of tough social distancing restrictions as new COVID-19 infections continue to stabilise. The state has recorded 48 new COVID-19 cases as of Wednesday, taking the state’s total [...]

News

S&P downgrades Australia to negative

April 8, 2020 0

S&P Global Ratings has downgraded its outlook on Australia from stable to negatative as a result of the government’s stimulus measures. The agency also reaffirmed its AAA/A-1+ long and short-term local and foreign currency ratings. [...]

News

APRA suspends the issuing of new licences

April 8, 2020 0

Australia’s financial services regulator will temporarily suspend the issuing of new banking, insurance and superannuation licences amid uncertainty created by the coronavirus pandemic. The Australian Prudential Regulation Authority has issued a letter to applicants saying [...]