Economy

Auction clearance rates have risen to their highest level since the onset of the COVID-19 crisis, new data has revealed.

Modelling of sales volumes by CoreLogic has shown that across Australia, residential property sales may have declined by about 40 per cent over April.

The NSW government has eased social distancing restrictions, enabling small businesses to open their doors to a larger number of patrons.

The bank has reduced its qualifying rate in a bid to maintain its competitive position in the market.

Mainstream lenders are “going to have to develop new skills” to assess serviceability as a result of COVID-19 fallout, the co-founder and CEO of the neobank has suggested.

A Liberal senator for WA has urged lenders to extend interest-only periods for borrowers to help reduce hardship levels during COVID-19, noting that exemptions are in place that allow them ...

The aggregator has announced a new partnership with CoreLogic, providing its brokers with up-to-date property information and analysis.

Dampened interest rates, and a surge in demand for digital services and corporate accountability have been listed among the long-term effects that will linger for financial services ...

Credit losses across the big four banks are set to more than double those recorded by the mutual sector, S&P has projected.

A big four bank has filed its defence to AUSTRAC’s claims that it had breached AML/CTF obligations, stating it “accepts the gravity” of the claims and admitting several breaches.