Thu, 14th May 2026

In this edition of Finance News Wrap, Paige Estritori provides updates on the Australian financial landscape. The Australian Prudential Regulation Authority's recent DTI loan cap limits high ratio loans to 20%, reducing risks of excessive borrowing and impacting those seeking loans, like boat financing. Australia's truck market has suffered, reporting a 16% drop in new truck deliveries in April, impacting small to medium businesses. Meanwhile, the Reserve Bank of Australia has raised the official cash rate, making business loans more expensive and emphasizing the need for sound financial planning. Lastly, Firstmac introduced a secured caravan loan to meet surging demands, offering competitive rates and flexible terms for new and used caravan purchases, presenting an attractive alternative to unsecured financing options.