Economy

The CEO of a participating lender in the government’s Coronavirus SME Guarantee Scheme has outlined that small businesses have been left disappointed after difficulties with the first round

The central bank has issued a monetary policy update amid fears of a deeper recession, which have “consigned to history” an upgrade to the economic outlook.

Promoted by Suncorp COVID-19 means it is more important than ever that SMEs know what’s out there to help them, and brokers can help show them the way.

Prime Minister Scott Morrison has announced a $1,500 “disaster payment” for Melburnians needing to self-isolate, as the city moves to shutter the majority of businesses.

Sydney and Melbourne have continued to lead the downturn in residential property prices, with national home values falling for the third consecutive month, CoreLogic data has revealed.

An expected ramp-up of LMI concessions could exacerbate risks associated with falling residential property prices by encouraging borrowers to take on more debt, analysts have warned.

The preliminary clearance rate across the combined capital cities improved across a lower volume of auctions last week.

An anticipation of the economic impact of the ongoing COVID-19 crisis has triggered a 300 per cent slide in the mortgage insurer’s underlying profit.

The non-bank lender’s FY20 results revealed that loan originations saw an uplift in June, following a quiet few months due to COVID-19.

The COVID-19 crisis has triggered the fourth consecutive decline in dwelling approvals, the latest ABS data has revealed.