Economy

An overall increase of consumer credit for December 2021 – up 4.7 per cent – was driven by personal loans while BNPL demand eased, according to new data.

New data reveals net migration to regional towns more than doubled over the two years during the pandemic – compared with the two years prior.

The supply of “well-located” land needs to be addressed to improve housing affordability, the governor of the Reserve Bank of Australia, Philip Lowe, has said.

Fewer Australians are financially well compared to 12 months ago, according to new data, yet are more secure than they were pre-pandemic.

The last remaining big four bank has announced emergency assistance for customers in bushfire-affected areas in Western Australia.

Lower inflation and wages growth have meant Australia’s cash rate can move slower than its international counterparts, according to RBA governor Philip Lowe.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

“Creative financing and ownership model solutions” are needed to help more Australians afford homes, according to the shadow minister for financial services and superannuation.

Almost one in every two Australians on Commonwealth Rent Assistance are spending at least 30 per cent of their income on rent.

Tasmania’s economic performance continues to lead the country for the eighth quarter in a row, but housing finance commitments were slightly behind other states, new data reveals.