Economy

The auction market has recorded its highest combined capital city preliminary clearance rate since March, despite record-low auction volumes in Melbourne, according to data.

Fintech lender Lumi has announced plans to raise $20 million in capital to expand its team and market share over the next 12 months.

The onset of the coronavirus pandemic may be leading to a “two-speed rental market”, with inner-city property rental values more likely to fall compared with outer suburbs, according to new ...

The non-major lender is looking to bring in digital signatures and a new home loan platform this year, as it looks to digitise the loan process and help brokers write loans remotely.

The non-bank lender has wound back its serviceability policy after reducing its risk appetite in response to the COVID-19 crisis.

The big four bank has announced the migration of its online business banking tool, NAB Connect, to the cloud.

A sharp increase in new home sales has been attributed to a bump in sentiment from the federal government’s HomeBuilder scheme.

The New Zealand-based financial services group has announced that it has secured new funding for the growth of its Australian reverse mortgage business.

The central bank has noted that business lending has been “subdued” due to uncertainty and weak economic conditions and a “tightening” in the supply of credit.

COVID-induced housing market weakness across Australia’s capital cities triggered a $98-billion slide in the total value of residential dwellings, new ABS data has revealed.