Economy

The COVID-19 pandemic has led to a fall in demand for rental properties, while an oversupply of properties is making it cheaper to rent in inner Melbourne and Sydney, according to a new ...

Auction withdrawals remain comparatively high in Melbourne amid the coronavirus lockdown, and this will likely drag down clearance rates.

The federal government’s latest COVID-19 support package has been welcomed by the Housing Industry Association, saying the program would support the sector as it faces “many hurdles” over ...

While the majority of banking executives believe AI will separate winning banks from “losers”, new research has shown that there are fundamental risks involved.

Class action law firm Maurice Blackburn has alleged that a big four bank colluded with external parties to tie up borrowers in “unfair high-interest loans”.

The head of the property investment group expects the market to withstand economic headwinds, despite new ABS data revealing that the unemployment rate has hit a 22-year high.

Consumer sentiment around housing and purchasing a dwelling has bucked the wider trend in sentiment around the economy.

The Australian Office of Financial Management has approved an initial investment of $30.8 million into the neo-lender’s warehouse through the Structured Finance Support Fund.

Residential building activity contracted over the March quarter, prior to the introduction of lockdown measures imposed to curb the spread of COVID-19, new ABS data has revealed.

Jamie McPhee, the CEO of super fund-owned bank ME Bank, has resigned after nearly 10 years in the role.