Economy

The positive impact of APRA’s proposal to allow banks to set their own serviceability floors could be “offset” by other developments, such as changes to expense verification processes, a new ...

Home loan rates are on the chopping block, with lenders taking action ahead of four potential cuts to the cash rate. 

Expectations of cut to the cash rate from the RBA next week have triggered a rise in first home buyer activity, according to research from Finder.

Indigenous Australians are continuing to be excluded from the financial system, with banks failing to provide adequate access to basic services and to understand different cultural attitudes ...

A non-major lender has announced the retirement of its chairman and has appointed his replacement.

Consumers are “upbeat” about market conditions amid expectations of a rate cut from the RBA and the “major sentiment shift” in the housing market, according to an ANZ analysis of new ...

Just two weeks ago, with a Labor election win almost certain, analysts feared the housing slump would continue, but there are signs that the market is headed for a recovery.

Bank satisfaction is “trending up” after taking a hit during and immediately after commissioner Hayne’s 11-month inquiry into financial sector misconduct, according to Roy Morgan. 

Non-bank lender Firstmac has priced its largest residential mortgage-backed securities issuance at $1.4 billion.

Non-banks have hit back at “unfounded” claims from the CEO of an industry association, who has suggested that under APRA’s proposed changes, borrowers “won’t be forced” to seek “riskier” ...