Economy

Oct 16 2019

September quarter auction clearance rates are at the highest levels seen since the June 2017 quarter, recording a rate above 70 per cent for the last seven weeks of the quarter.

Oct 14 2019

The ABS has reported an investor-driven “pop” in home loan activity, which, according to ANZ Research, could be a cause for “concern” for the Reserve Bank.

Oct 14 2019

Calls to prohibit the use of personal guarantees to support LRBAs fail to acknowledge the prominence of this practice with almost all lending to small businesses, according to Thinktank.

Oct 11 2019

The CEO of a mortgage aggregator has dismissed claims that APRA’s serviceability changes have had a “small” contribution to credit growth, amid new data revealing a continued rise in ...

Oct 11 2019

The non-major has appointed a new chief financial officer and chief operating officer, following the announcement of Matt Baxby’s resignation in June.

Oct 11 2019

A decline in property prices in some capital cities has reduced the time needed to save for a deposit, particularly in Sydney.

Oct 10 2019

The non-major bank has announced a swathe of changes to its leadership team and organisational structure, which includes the resignation of its chief executive.

Oct 10 2019

Consumer sentiment has dropped to a four-year low, with the RBA’s interest rate cuts potentially fuelling insecurities about the global economy, according to new research.

Oct 10 2019

Australia’s financial regulators have downplayed the contribution of APRA’s mortgage serviceability changes on credit growth.