CommBank reports national housing prices fell 0.9% in August
Cotality data shows Sydney led declines at 1.4%, while outer suburbs outperformed inner cities. Buyers with capital are urged to enter now rather than timing the market.
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Australian banking and financial services provider
commbank.com.auLast updated
In short: CommBank reported a $10.9 billion profit, reached a $249 million class action settlement, and pivoted its rewards to Virgin Velocity.
Cotality data shows Sydney led declines at 1.4%, while outer suburbs outperformed inner cities. Buyers with capital are urged to enter now rather than timing the market.
AI spending, tax cuts, labor shortages, and Middle East energy disruptions sustain growth while elevating prices, prompting tighter monetary policy.
Financials rally Monday but decline six percent for the month, while raw materials surge eleven percent as investors rebalance portfolios.
The bank achieved record growth in lending and deposits while preserving profit margins, with leadership projecting steady economic conditions and sustained customer support heading into FY27.
Poor trading results from a range of retailers show that, on a per capita basis, the consumer is already under pressure, so it remains to...
Retail operations delivered 6% performance growth, with main financial institution share lifting to 34.2% and transaction accounts up 6%. Home lending balances grew 7%, while...
The big four banks were also in the red, with Westpac sliding 1%, ANZ losing 0.9%, NAB falling 0.7% and CommBank dropping 0.6%, despite posting...
Markets had expected the bank to post a cash profit of about $10.1 billion for this financial year, with the final result a six per...
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