Economy

The former managing director of a regional bank has been appointed to a new federal government taskforce charged with supporting the economic recovery effort.

First home buyers in NSW could save more than $30,000 on new property purchases after the NSW government temporarily increases transfer duty relief and concessions.

The banking sector is set to increase its take-up of the Reserve Bank’s $90-billion term funding facility, according to the central bank’s assistant governor, Christopher Kent.

The non-bank lender has priced a $1-billion non-conforming Bastille RMBS transaction.

The announcement of the HomeBuilder package has led to a surge in first home buyers enquiring about vacant residential land.

The “negative shock” to home auctions in Melbourne has been less drastic in the second round of lockdown, new figures from CoreLogic show.

The non-major bank has significantly increased COVID-related provisions amid an increase in delinquencies across its portfolio.

The ASX-listed lender has lauded the strengths of its processing capabilities amid a sharp uptick in volumes.

Housing market risks are “swinging back to the downside” amid a return to stricter social distancing measures, which threaten to prolong a recovery in residential property prices, a senior ...

The chief executive of Deutsche Bank, Australia and New Zealand, has joined Westpac’s executive leadership team.