Economy

The economic fallout from the COVID-19 pandemic has triggered the largest quarterly contraction in GDP on record, new ABS data has revealed.

A deterioration in credit quality, along with both supply- and demand-side constraints on credit growth are set to weigh on the profitability of the big four banks, according to Moody’s.

Sentiment around housing affordability among economists and experts is more positive than it has ever been, according to a survey.

COVID-related travel restrictions have taken their toll on housing markets across Australia’s largest capital cities, where prices fell further over the month of August, the latest CoreLogic ...

The central bank has issued a monetary policy update following its latest monthly board meeting.

The government-backed home deposit scheme has accelerated the home ownership ambitions of prospective first home buyers by an average of four years, new data has revealed.

Lenders are expected to increase variable home loan rates despite cash rate inertia from the Reserve Bank, according to analysts.

The lender’s loan originations have almost doubled, contributing to a 136 per cent increase in operating revenue.

A non-major bank has lowered its variable rate for new and refinancing owner-occupiers on principal and interest repayments.

It is unlikely that national transaction activity and property listings would bounce back as quickly after the second lockdown in Victoria as it did after the first.