Economy

RBA governor Philip Lowe has revealed that bank holdings have soared by over $80 billion in response to the current crisis, which Mr Lowe expects to trigger a 10 per cent plunge in national ...

A considerable spike in home loan defaults is “not outside the realms of possibility” in the current environment but would not be probable given the introduction of relief assistance, ...

COBA has welcomed the news that nine customer-owned banks have so far been selected as lenders for the government’s Coronavirus SME Guarantee Scheme.

Domain has confirmed that a new online auction feature has been launched in a bid to make transacting easier and safer for agents and buyers amid the COVID-19 pandemic.

An influx of deposit funding has slowed bank engagement with the Reserve Bank’s $90-billion term funding facility designed to facilitate low-cost lending to households and business.

The number of homes taken under the hammer nearly doubled in a week, despite ongoing challenges in the auction market.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

AFCA has announced that it has appointed two industry veterans to senior roles within the complaints authority.

A former prime minister has issued a warning over government-backed loans programs introduced in the wake of the COVID-19 crisis.

The latest labour market figures have exceeded market expectations, but analysts are expecting the improvement to be short-lived, with the unemployment rate set to spike in the coming months