Economy

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.

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”.

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

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 ...

The Reserve Bank of New Zealand has cut the official cash rate for the first time since November 2016, just a day after Australia’s central bank resisted pressure to pull its rate lever amid ...

A neo-lender has appointed Morgan Stanley to assist with a new capital-raising initiative designed to fuel its entry into a new growth phase.

The decline in house prices is considered the greatest risk to Australia’s credit markets by the majority of investors that were surveyed by Fitch Ratings.

Prime Minister Scott Morrison has called out opposition leader Bill Shorten for his party’s negative gearing and capital gains tax proposals, saying it would force a “concrete landing” for ...

Borrowers should resist the urge to take on more debt and build a buffer to guard against the continued weakness in the economic environment, according to the CEO of a challenger bank.

Despite keeping the cash rate on hold against expectations of a cut, the Reserve Bank is expected to pull its monetary policy lever in June amid a forecasted rise in unemployment