Economy

A ban on unsolicited “cold call” telephone sales of consumer credit insurance and direct life insurance will take effect from 13 January 2020, the financial services regulator has announced

As home values sharply recover in Sydney and Melbourne, there has been a particular spike in the recovery of the premium housing, according to new research.

The federal budget surplus in 2019-20 is expected to come in $1.7 billion below the government’s forecast, according to new analysis performed by Deloitte.

The central bank has revealed its cash rate decision for December, following its monthly monetary policy board meeting.  

The central bank has surprised industry pundits, announcing a further cut to the official cash rate. 

The chief executive of a non-major bank has lamented the current regulatory environment, which she has claimed enables the major banks to dictate home loan pricing behaviour.

Regional banks are being “squeezed” by the regulatory advantages afforded to the major banks and non-bank lenders, according to Suncorp Group.

A sharp dip in residential dwelling approvals has sparked calls for policy reform amid fears that supply and demand imbalance would lead to further deterioration in housing affordability

Record-low property listings across Australia, coupled with rising buyer demand, have increased competition among buyers and contributed to price growth.

Property investors have responded to historically low interest rates by paying down their mortgage debt rather than funding new ventures, according to an industry stakeholder.