Economy

Australia has maintained its AAA credit rating and a stable outlook despite facing the economic shocks of the coronavirus pandemic.

Liquidity reserves and interest rate buffers built into Australia’s RMBS transactions will provide lenders with an added layer of protection against an expected COVID-induced spike in ...

A COVID-induced drop-off in immigration volumes is set to have “big implications” on underlying demand for residential property over the medium term, according to a new analysis.

Australia’s banks have only utilised approximately 14 per cent of the Reserve Bank’s $90-billion term funding facility, which is set to expire in just over three months.

The customer-owned bank has launched a new initiative to support charities experiencing funding difficulties as a result of the COVID-19 crisis.

A lender has lifted rates by up to 40 bps across both its owner-occupied and investment home loan products amid cuts from its competitors.

The federal government has made key clarifications to its HomeBuilder package, which has been welcomed by an industry association.

The global investment manager has made an internal appointment to the role of CEO, as current CEO Adam Tindall retires from his role.

A big four bank has announced rate reductions on both fixed and variable rate home loans as it prepares for a second wave of applications from the federal government’s FHB scheme.

The unemployment rate has exceeded 7 per cent for the first time in almost 20 years, after over 200,000 Australians lost their jobs in May.