Economy

Apr 7 2020

The ratings agency is forecasting a material rise in defaults off the back of the economic shock from the coronavirus outbreak.

Apr 7 2020

With lower interest rates off the table, the Reserve Bank has been urged to ramp up its quantitative easing strategy.

Apr 7 2020

The market fallout of the banning of on-site auctions has continued, with 45 per cent of auctions withdrawn from sale last week, according to CoreLogic.

Apr 6 2020

Expectations of an increase in margin pressures and a “significant deterioration” in asset quality have prompted Moody’s to downgrade its outlook for the Australian banking sector.

Apr 6 2020

The central bank of New Zealand has frozen the distribution of dividends on ordinary shares across all banks in the New Zealand market, affecting the big four banks.

Apr 3 2020

A major insurance provider has announced that it would restrict its offering of lender’s mortgage insurance in light of emerging risks associated with the coronavirus outbreak.

Apr 3 2020

Lenders will be allowed to extend their pre-approval period for borrowers using the First Home Loan Deposit Scheme given the coronavirus pandemic, the NHFIC has said.

Apr 2 2020

The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the central bank has confirmed.

Apr 2 2020

The number of dwellings approved for construction in February jumped by almost 20 per cent when compared with January, highlighting the strength of the market prior to the coronavirus hit