Economy

The economic consequences of the coronavirus pandemic have prompted more non-bank lenders to make changes to their credit policies, which include a tightening of risk appetite.

La Trobe Financial has announced it anticipates a “strong and sharp” rebound for the housing market, as well as for employment conditions and the greater economy over the coming months, as ...

Property prices grew over the last quarter of 2019, the latest ABS data reveals, spurring a record-high improvement in household wealth.

Half of Australian businesses have already been hit by the economic fallout from the coronavirus outbreak, with approximately 86 per cent expecting to face adversity in the coming months, ...

Market uncertainty surrounding the coronavirus has prompted the financial services firms to withdraw performance guidance for the 2020 financial year.

The looming coronavirus-induced downturn in the housing market could be sharper than initially anticipated, with recent developments threatening to “undo” price growth reported over the past ...

A Dubai-based investment company has become a 20 per cent shareholder in Xinja Bank after investing $433 million in the neobank.

The chief executive officer of the Tasmania-based banking and wealth management group, who was meant to step down in June, has agreed to stay in his role.

Clearance rates are expected to fall below 60 per cent for the first time since mid-2019, while home owners rush to sell their homes before the coronavirus panic impacts buying sentiment ...

A mutual bank has announced that it has appointed Greg McKenna as its new chief executive officer.