Economy

Interim CEO of BOQ Anthony Rose has told ASIC that the revised responsible lending guidance must remove incentives for lenders to lower standards in a bid to gain a competitive edge in the ...

Approximately 32 per cent of young Australians expect to purchase a home in the next five years. However, their aspirations are not driving them to take the appropriate steps required to ...

Impact of moderating house prices and the conversion of a large number of interest-only loans on delinquencies will be “limited” in the coming quarters due to “stable” GDP growth, low ...

EXCLUSIVE: A leading economic forecaster has explained that interest rates could come back to bite us when they finally return to normal levels.

A UNSW Business School academic believes Westpac’s victory over ASIC in the Federal Court is a win for common sense and “more in line with the real world”.

Representatives of a fintech lender have told ASIC that borrowers are “consistently understating” their living expenses, and have questioned the effectiveness of the HEM benchmark in ...

The Federal Court has ruled in favour of Westpac in a responsible lending “test case” against the corporate regulator. 

There has been an overall decline in financial comfort levels in the six months to June 2019, with mortgagors particularly concerned with net wealth standings, according to a new survey.

Reserve Bank governor Philip Lowe has conceded that “while we might wish it were otherwise”, Australia’s monetary policy trajectory is pinned to global rate trends.

The global fintech has announced the opening of its new office in Melbourne, after a period of “rapid growth” in Australia.