Economy

The COVID-19 environment has reversed any rebound in rental values, with closed international borders rattling rental demand.

The prudential regulator has told banks that it expects them to retain at least half of their earnings and reduce payouts to investors, among several other changes, to ensure their ...

The Victorian government has launched a new $150-million package to address homelessness during COVID-19 and beyond.

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.