Finance News - Page 42

In a report released by HSBC, Australia has ranked in second-last across nine countries surveyed about housing ownership across millennials.

In the wake of Cyclone Debbie, insurers are bracing themselves for massive hits to their profit margins, which could mean higher premiums for all of us.   Around 30,000 insurance claims have been lodged across Queensland...

The Treasurer has backed moves from the banking regulator APRA to tighten property lending, but is resisting calls to adjust negative gearing and capital gains tax.

New research from CSIRO has found that 1 in 2 adults are not eating the recommended intake of fruit. The Fruit, Vegetable and Diet Score Report, which studied the dietary habits of more than 145,975 Australians,...

In the wake of the April 1 health insurance price rise, health groups are still reminding consumers to shop around for private health insurance. The Consumers Health Forum (CHF) has reassured Australians that they can change...

It looks like the country’s property boom isn’t slowing down any time soon, with capital city prices growing by 12.9% over the past year, according to CoreLogic. It’s the highest annual rate of growth for capital...

ANZ has announced plans to introduce voice authorisation for high-value transactions made on mobile phones, skirting internet banking or a branch visit. Maile Carnegie, ANZ's new digital boss, highlighted the heightened level of security offered by...

The Australian Prudential Regulation Authority (APRA) today announced its intentions of creating more supervisory measures to ensure sound residential mortgage lending practices.

Retailers have backed the view of the Turnbull Government that increasing the minimum wage will not boost job growth among the country’s poorest employees.

Banks will look at ways of making it easier for customers to cancel a credit card, after supporting key changes recommended in the Code of Banking Practise review. The review of the Code of Banking Practice...

The automotive industry in Australia is on the verge of a significant change in the near future, and young people are at the forefront of the revolution, according to Roy Morgan Research. This insight comes from...

The days of Aussie workers having multiple super accounts could come to an end under a new default superannuation system proposed by the Productivity Commission.

The Insurance Council of Australia (ICA) has declared the damage caused by Severe Tropical Cyclone Debbie as a “catastrophe". The Category 4 Cyclone, which hit yesterday afternoon between Bowen and Airlie Beach, could cost billions of...

Corelogic has revealed the areas in Australia that have over- and under-performed over the 20 years to December 2016.

A delegation of multiple consumer advocacy groups has met with MPs today in a push for tougher regulation of the payday loan industry.

According to new research from Mortgage Choice, nearly a quarter of Australians worry about their finances daily.

More than 1,100 medicine brands will have their prices reduced under the updated Pharmaceutical Benefits Scheme (PBS), the government has announced.

Australia's falling home ownership rate threatens to increase Age Pension dependence and "condemn future generations to poorer living standards", according to a new report. Commissioned by the Australian Institute of Superannuation Trustees (AIST), the report No...

A new report from professional service company KPMG has put the spotlight on what Gen Ys want in banking, and what banks can to do help.

The Business Council of Australia (BCA) has warned that a continuing Federal Budget deadlock could have serious financial ramifications for the Australian people. In their submission to the 2017-18 Federal Budget, the industry association BCA described...