Australian housing slowdown Q&A – What impact will higher interest rates have? How far will prices fall?

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Key points Australian home prices are likely to fall by 10% to 15% into 2024 primarily as a result of poor affordability and rising interest rates. The negative wealth effect... Read more continue reading

Go-ahead for plans to create a $22.5 billion customer-owned banking giant

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Heritage Bank and People’s Choice Credit Union, two of Australia’s leading customer-owned banking organisations, will proceed with merger plans following completion of an extensive due diligence process which confirmed the... Read more continue reading

Akambo accelerates service offering with First Financial merger

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Two well-established wealth management firms, Akambo Financial Group and First Financial have increased their capabilities in providing market leading investment solutions to the advisory market, with a merger consolidating offerings... Read more continue reading

Lifespan appoints industry veteran as new head of self-licensee offering

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Lifespan Financial Planning, one of Australia’s largest privately-owned financial advice networks, has appointed Tony Mantineo as the National Practice Consultant and Head of Lifespan Partnership, a broad ranging support service... Read more continue reading

Market rents explode across the country

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SQM Research has revealed national residential property rental vacancy rates fell to 1% in March 2022, down from 1.2% in February 2022. This represents half the total number of vacancies... Read more continue reading

Consumer confidence and spending intentions lift    

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Weekly consumer confidence; CBA Household Spending Intentions & card spending The ANZ-Roy Morgan consumer confidence index rose by 1.3 per cent to 94.6 in the past week. Commonwealth Bank (CBA)... Read more continue reading

VFMC and CFA Societies Australia join initiative to attract more women into investments

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State-owned asset manager Victorian Funds Management Corporation (VFMC) and CFA Societies Australia are the latest organisations to join Future IM/Pact – an industry campaign building a pipeline of future female... Read more continue reading

North’s ESG AUM growing 6.5 times faster than other investments

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North, one of Australia’s leading investment platforms, has seen assets under management (AUM) for its environmental, social and governance (ESG) investment options grow 6.5 times faster than non-ESG investments during... Read more continue reading

Weekly economic and market update – week ending 8 April, 2022

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Investment markets and key developments Global share markets fell over the last week mainly on the back of hawkish central banks and ever rising bond yields. Australian shares also fell... Read more continue reading

Citi Australia appoints senior manager with focus on super

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Citi Australia’s Markets business has welcomed a new Managing Director adding senior coverage in line with the growth of its superannuation offering. Nicki Ashton has been named Senior Relationship Manager... Read more continue reading