Economy

A host of lenders, including the major banks, have reduced their mortgage rates in response to the Reserve Bank’s fourth cut to the cash rate.

The central bank has surprised markets after announcing its monetary policy decision.

The central bank has pulled its monetary policy lever for the fourth time in less than a year amid growing instability in domestic and global markets.

A non-major has reduced fixed and variable rates across its owner-occupied and investment home loan offerings by up to 74 bps.

The Reserve Bank “should” cut rates this afternoon amid growing market instability and expected easing from foreign central banks, according to one economist.

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

More than a third of properties across Australia has estimated mortgage repayments that are less than weekly rental repayments but this is least likely in Sydney.

Almost a quarter of Australians expected a fourth cut to the cash rate from the Reserve Bank, prompting some to make premature financial decisions, according to new research.

The online SME lender has announced the appointment of Ashley Miller as its inaugural chief financial officer, effective immediately.

Construction activity has decreased beyond expectations, partly driven by a slump in the residential space.