Economy

The Victorian government has announced that it is extending the First Home Owner Grant for an additional 12 months to support home buyers through the COVID-19 pandemic.

The financial services group has taken a multibillion-dollar hit from the COVID-19 crisis, with AMP Bank the only division to consolidate its position.

National housing values are yet to take a hit despite the economic fallout of COVID-19 and restrictions placed on the real estate market, according to CoreLogic.

A director of Heritage Bank has stood down from her position on the board after 25 years.

New statistics on jobs and wages reveal that the accommodation and food services industry shed a quarter of its jobs as a result of the coronavirus pandemic.

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.