Economy

The lower cash rate “should be fully passed through to variable mortgage rates”, Reserve Bank governor Philip Lowe has said, noting that banks have room to move following the fall in ...

While regional markets have not felt the full brunt of Australia’s housing slump, they were not immune to declines in sales activity, a new CoreLogic report has concluded.

The market has been caught off guard by the RBA’s cash rate decision.

Mortgage rate cuts are on the cards after the Reserve Bank dropped the official cash rate for the first time in almost three years. 

The leader of the opposition has announced his shadow cabinet, which includes a reshuffling of the ministers in charge of finance, housing and small business.

The Reserve Bank will drop the official cash rate today for the first time in almost three years, according to 91 per cent of analysts surveyed by Finder.

ME has appointed a new chief financial officer to replace Gary Dickson, who is departing after six years at the non-major bank.

The ratings agency has outlined its new methodology for analysing reverse mortgage risks.

The non-major bank has announced the appointment of a new chair to replace long-serving chairman Robert Johanson.  

The recent shift in market sentiment won’t flow through to the residential construction sector until 2020, according to BIS Oxford Economics, with building approvals continuing to decline