Peter Beaumont
James McCusker
Lian Shieh

Prime Insights

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Billionaires’ fortunes reach $668bn as property and tech expand

Australia’s 200 richest are now worth an eye-watering $667.8 billion, with their wealth averaging $3.1 billion each. The country has more billionaires now than ever, and the rich are not only getting richer but are building wealth faster, according to the latest Financial Review Rich List. Mining continued to account for many of the country’s…
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Rate cuts lift borrowing power but affordability slips further

With the cash rate now at 3.85% after two cuts in three months, attention is turning to what the reductions mean for Australia’s housing market. They are expected to lift buyer sentiment and boost housing activity in a market already constrained by low supply and persistently high prices. Property values have already started to pick…
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Small businesses pull back on borrowing

Australian small and medium-sized enterprises (SMEs) are holding back on borrowing, and it’s not because they don’t need the capital. According to the latest Banjo Barometer SME survey, loan applications from these businesses fell 13% in the March 2025 quarter, the weakest quarter so far in the current financial year. Rising costs and reduced policy…
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