Lucy Dean

Banks know ‘no one likes them’: economist

The head of the economics unit at BIS Oxford Economics has said that banks "know no one likes them" but would be subject to a huge backlash if they continue to increase ...

ECONOMY • Wed, 05 Jul 2017

Customer-owned banking sector at a disadvantage: COBA

A “diverse banking sector” is essential for competition, but regulatory movements to limit investor lending have entrenched the major banks’ dominance, an industry ...

ECONOMY • Wed, 05 Jul 2017

Housing approvals down by nearly 20 per cent

Year-on-year numbers of dwelling approvals fell by 19.7 per cent between May 2016 and May 2017, according to seasonally adjusted figures from the Australian Bureau of ...

ECONOMY • Wed, 05 Jul 2017

Banks grow books by $9.2bn

Australian lenders have raised their loan books to $1.56 trillion, according to the latest figures from the Australian Prudential Regulation Authority.

ECONOMY • Tue, 04 Jul 2017

RBA announces official cash rate call

The Reserve Bank of Australia has made its official interest rate call for July following its monthly board meeting.

ECONOMY • Tue, 04 Jul 2017

RBA has lending rates ‘where they want them’: economist

The possibility of eight rate hikes in two years is “highly unlikely”, but a cash rate cut could be on the cards, according to a leading economist.

LENDER • Mon, 03 Jul 2017

Indigenous home ownership rates improving but still low: Census

Rates of home ownership for Indigenous Australians are on the rise, but are still significantly lower than rates for non-Indigenous Australians, 2016 census data reveals

ECONOMY • Sun, 02 Jul 2017

RBA hikes could push mortgage rates to 7 per cent

The Reserve Bank of Australia could hike rates eight times in two years, pushing the average standard variable rate up to 7 per cent, a former RBA member has predicted

ECONOMY • Thu, 29 Jun 2017

Fall in home-ownership not surprising, says CoreLogic

The number of Australians who own their home outright has fallen significantly over the last 25 years, but this drop is a symptom of a 50-year trend, CoreLogic has said

ECONOMY • Wed, 28 Jun 2017