Economy

The NSW Supreme Court has selected Maurice Blackburn as the legal firm to take forward a shareholder class action against AMP.

The median time on market for a residential dwelling has almost doubled, reflecting subdued demand for housing amid falling property prices, a new analysis from CoreLogic has revealed.

NAB and Westpac are among the 56 banks to endorse the United Nations’ Principles for Responsible Banking that will be launched in September.

Standard & Poor’s has assigned definitive ratings to the latest residential mortgage-backed securities issuances of Mortgage House and Pepper Group.

The dispute resolutions body is seeking recruits for several newly created senior positions to support its transition into a new phase of operation.

Australia’s large banks have the financial resources to compete with emerging fintechs, while smaller banks may be left behind, according to a new Moody’s report.

The Coalition government’s return to office has lifted the sentiment of property investors, which is likely to trigger a “bounce” in market activity, according to Empower Wealth CEO Ben ...

Expectations of a cut to the official cash rate have been heightened after RBA governor Philip Lowe conceded that an adjustment may be “appropriate” to reverse subdued inflation trends and ...

The property industry has welcomed the re-election of the Coalition government, declaring that concerns over the opposition’s proposed changes to negative gearing and the capital gains tax ...

The Morrison government’s policy agenda is unlikely to shift the outlook for the domestic economy, with an imminent rate cut form the RBA still on the cards, according to one senior ...