Economy

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.

A big four bank has said that it has been fighting millions of “ferocious” cyber threats and seen a 78 per cent increase in fraud attempts over recent months.

The customer-owned bank has reported that around 95 per cent of home loan customers whose payment pause has expired have returned to full payments.

Auctions activity in Melbourne plummeted to a new record low last week as the city remains in lockdown, according to CoreLogic.

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The volume of loans that exited or expired repayment deferrals outweighed new or extended loans for the first time since COVID-19 support packages launched, according to new data.

Melbourne’s Central Business District could have its economic output reduced by up to $110 billion over the next five years as a result of the restrictions put on the region due to the ...

The non-bank lender has priced its first RMBS transaction in the New Zealand market for 2020.

The neo-lender has made two appointments in the newly created roles of chief product officer and chief strategy officer.