5.69% p.a. for owner occupied P&| 2 fixed term at ≤70% LVR (comparison of 6.08%)*

Employees benefiting from tight labour market

Wages are growing at their fastest rate in 11 years – and there are three main reasons. The Australian Bureau of Statistics (ABS) has reported that wages in the March quarter rose 3.7% on an annualised basis, the largest since 2012. The ABS’s acting head of prices statistics, Leigh Merrington, said rising wages growth was […]

Profits growing at sluggish pace

Company gross operating profits are continuing to grow, but at a below-average rate, according to the most recent data from the Australian Bureau of Statistics (ABS). Since the turn of the century, gross profits in the March quarter have increased by an average of 3.1% on a quarterly basis and 10.6% on an annualised basis. […]

Unemployment falls, but underemployment rises

New unemployment data from the Australian Bureau of Statistics has found the national unemployment rate fell between April and May, from 3.7% to 3.6%. That was caused by a monthly increase in the number of employed people (by 0.5%) and a decrease in the number of unemployed people (by 3.1%). Despite that, the number of […]

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