The Latest Breaking News from Westpac

Expanding the Home Guarantee Scheme comes with pros and cons for first-time property buyers

The government is expanding its home guarantee and the value of properties eligible for it, but experts warn there are risks as well as benefits for would-be buyers.

ABC News · Apr 19, 2022

Australia’s March unemployment rate steady at record low 4%, despite expectations of fall

Australia’s economy added more than 20,000 new jobs in March, as experts warn of workforce shortage

The Guardian - AU · Apr 14, 2022

Auto scam block to save Aussies $120m

A big four Australian bank will automatically block scam-suspected transactions from overseas, with the system tipped to stop 2000 customers a year being duped.

AAP · Apr 10, 2022

Rising gas prices to bolster Aussie dollar

Rising commodity prices are set to bolster a stronger Australian dollar.

The Canberra Times · Feb 25, 2022

Many consumers expect rate rise this year

The Westpac-Melbourne Institute consumer sentiment survey found 66 per cent of respondents expect an interest rate rise this year.

AAP · Feb 8, 2022

ASX lower, Westpac jumps on cuts and profit beat, Facebook owner Meta plunges

Australian shares close lower after two straight sessions of gains, weighed down by technology stocks, while banking giant Westpac jumps after reporting first-quarter profit above estimates.

ABC News · Feb 2, 2022

Westpac helicopter transfers two from New England to John Hunter Hospital

The Westpac Rescue Helicopter responded to two medical transfer requests from the state's New England region to John Hunter Hospital on Friday.

Newcastle Herald · Jan 29, 2022

Inflationary rise puts pressure on mortgage costs

Inflationary pressures forcing an early rate rise are set to put up costs for mortgage borrowers.

The Canberra Times · Jan 24, 2022

Home owners hit with rate hikes as bank funding costs rise

Paying off your mortgage is getting more expensive, with Westpac becoming the latest of 17 banks to hike their fixed rates this year.

The New Daily · Jan 21, 2022

Westpac forecasts RBA rate rise by August, mortgage borrowers to face $103 monthly hit

Westpac is now expecting the Reserve Bank to start raising official interest rates as early as August, with a peak cash rate that could increase typical mortgage repayments by more than $400 a month.

ABC News · Jan 20, 2022