Economy

The ratings agency has revised its outlook for the Australian banking sector in response to stabilisation in the residential property market. 

The federal government is yet to fine-tune its FHB loan scheme, with administrators unable to shed further light on the initiative.

A new report has flagged risks associated with the implementation of AI technology, which could be inhibiting financial services firms from reaping the benefits of efficiency improvements

 A big four bank has announced that its cash earnings will be hit by a further $341 million in remediation costs.

The residential property market remains “overvalued” and is approaching a tipping point, an economist has said, despite recent signs of a market rebound.

The debate surrounding the efficacy of stamp duty has resurfaced, with the NSW government launching a new review into its revenue system.   

Sydney’s property market could stay strong until Christmas, as buyers experience the fear of missing out, according to Raine & Horne’s executive chairman.

The online SME loan comparison platform has announced that it has closed a $12.5-million series B equity funding, with Salesforce and ANZ supporting the funding round.

Capital city preliminary clearance rates decreased marginally from last weekend but remained relatively steady week-on-week.

The central bank may put its march into negative rate territory on hold in light of the latest labour market data, but quantitative easing remains on the table, according to analysts.