Economy

The wave of mortgage rate reductions in response to easing funding costs has continued, with two lenders, including a major bank, dropping rates by up to 90bps. 

Almost 60 per cent of prospective first home buyers are looking to crack into the property market with a deposit of less than 20 per cent, new research has revealed.

No amount of interest rate cuts could offset downside pressures that emerge as a result of a trade war-induced recession, according to REA Group’s chief economist.

CoreLogic has reported a 21 per cent increase in auction volumes, as the clearance rate holds above 70 per cent for the sixth consecutive week.

The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less lucrative, according to research from the RBA

The federal Treasurer has welcomed the final budget outcome for the 2019 financial year, which shows that the deficit now equates to zero per cent of GDP, and improvement of nearly $14 ...

The Federal Reserve has slashed rates for the second consecutive month, “reinforcing” the necessity of further cuts to the cash rate in Australia, according to AMP’s chief economist.

The Reserve Bank is set to cut the cash rate for the third time in four months with the unemployment rate continuing to climb, according to ANZ Research.

Super fund-owned bank ME has reported a 7.3 per cent growth in its loan book but continues to see net interest margin hit by “intense competition” in the home loan market.

The corporate watchdog has reportedly expressed support for a new inquiry into competition in the financial services sector.