Economy

The rapid move to support digital mortgages amid the coronavirus pandemic “will have a dramatic effect” on how people will transact on mortgages in future, the CEOs of NAB and ANZ have ...

Mortgage holders will be breathing a “sigh of relief” following the federal government’s announcement of a new $130-billion support package, according to analysts.

The federal government has committed an additional $130 billion in support to protect jobs threatened by the economic fallout from the coronavirus outbreak. 

New government-led interventions in the housing market in response to the coronavirus outbreak are set to further hinder transaction activity, according to Domain.

The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auctions and open homes, according to CoreLogic.

The government has introduced new regulations that will see all foreign investments in Australia screened for approval, regardless of the value or nature of the foreign investor.

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, ...