Economy

May 16 2019

The low number of building approvals in the first quarter of 2019 is a matter of concern for the Housing Industry Association, as the decline is worse than what it had expected.

May 15 2019

Two in five data breaches in the financial services sector are attributable to human error, a new OAIC report has concluded.

May 15 2019

Only 4 per cent of consumers are “justifiably confident” in their financial literacy, with the majority failing to grasp basic concepts, a FINSIA survey has found.

May 14 2019

ASIC has written a letter urging financial firms to prepare to transition from LIBOR to other benchmarks, taking into account the impact and risk of the change.

May 14 2019

The number of bankruptcies in Australia has fallen to a 24-year low, according to the Australian Financial Security Authority.

May 13 2019

Prime Minister Scott Morrison has announced a new First Home Loan Deposit Scheme that will enable first home buyers to access a mortgage with a 5 per cent deposit.

May 13 2019

National Australia Bank has said it will remove and reduce some of the 400 fees it charges to customers as part of its “drive to be simpler and more transparent”.

May 13 2019

The central bank has downgraded its GDP growth and inflation forecasts, prompting concerns that its monetary policy position may be undermining its credibility.

May 13 2019

An increasing number of Australians are expected to fall into negative equity as home prices continue to weaken; however, the level of risk associated with the fall will be dependent upon ...