Economy

New research suggests that while Australians are increasingly savings-focused and frugal, many still feel ill-equipped to afford a home, particularly Millennials.

Auction activity slowed across Melbourne as AFL grand final fever gripped the city but it was the busiest week for auctions in Sydney since last year, according to CoreLogic.

A non-bank lender is preparing to issue 622.4 million shares worth approximately $1.4 billion in a newly announced public offering. 

The slump in home sales activity has abated as the appeal of historically low mortgage rates increasingly shifts market sentiment, according to CoreLogic. 

More than one in five SMEs are having cash flow issues due to business loans being rejected, research from Scottish Pacific has found.

Australia cannot “insulate” itself and “ignore” shifts in global interest rates, Reserve Bank governor Philip Lowe has said, hinting at further reductions to the cash rate.

The mutual bank has surpassed $10 billion in total consolidated assets and seen an 8.3 per cent increase on loan approvals, according to its 2018-19 financial year results.

REA Group has announced the appointment of former CoreLogic analyst Cameron Kusher.

Community First Credit Union has successfully won its court case against Bendigo Bank, which will see the non-major bank stripped of its exclusive trademark on the phrase “community bank”

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.