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Household debt drops as people pay off their mortgages faster

DEREK ROSE AUSTRALIAN households are saving more and paying off debt as the economy grows faster than expected, according to the chief executive of the country’s largest bank. Commonwealth Bank chief executive Matt Comyn said on Wednesday that 87 per cent of its home loan customers were now in advance of their scheduled repayments, by an average of 35 payments. “When adjusted for redraw and offset savings, household debt has now returned to levels not seen since 2015,” Comyn said, after releasing the bank’s results for the first half of 2025/26. CBA custome

Reserve Bank boss calls on businesses to invest smarter

Affordability pressures fail to stop first home buyers

Housing undersupply contributes to inflation pressures

Sydney becomes a true destination for the wealthy

Big high-rise apartment blocks planned for Melbourne suburbs

New figures breed confidence of fewer RBA rate hikes this year

Major tax changes to super one step closer to reality

JACOB SHTEYMAN LABOR’s long-running bid to increase taxes on wealthy superannuation accounts has taken a major advance forward but the Greens still stand in its way. Treasurer J

Off and running: AML/CTF law reform kits now ready

IN a world first, the Australian Government’s financial intelligence unit AUSTRAC has released anti-money laundering program starter kits designed to help small business

Red tape could lead to mass industry exodus

POTENTIAL adjustments to the capital gains tax concession could see more than half of the country’s registered property investors leave the industry. The 2025 Property Investment Profess

International Women’s Day acknowledges and celebrates the social, economic, cultural and political achievements of women. It will be recognised on Sunday, March 8, under a banner