Economy

Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research.

Older Australians are less inclined to sell up and leave the family home, despite government incentives to do so, according to a new report.

The Reserve Bank is set to continue carrying the burden of stimulating consumer spending, amid continually weak wages growth, according to AMP’s senior economist.

Women are more likely to enter the property market, and do so at a younger age, than their male counterparts, according to newly released ABS data.

APRA chair Wayne Byres has flagged the potential downsides to greater competition in the banking sector, making particular reference to risks associated with a “competitive spirit” in the ...

Several banks have announced disaster relief packages for customers affected by bushfires in NSW and Queensland.  

The non-bank has priced its second PRS for 2019, issuing $750 million of bonds backed by Australian mortgages.

The collective cash earnings of the big four banks fell 7.8 per cent in the 2019 financial year, with earnings to be placed under continued pressure in FY20, according to EY.  

The WA government is urging people to be on “high alert” after identifying a scam where a settlement agent’s email was cloned, resulting in $70,000 being stolen from their clients.

AFCA has released a new online comparison tool that allows consumers to view and compare the number and nature of complaints filed against financial institutions.