Economy

Housing credit growth has dropped “close to a historical low” at 4.4. per cent, impacting banks’ earnings growth and resulting in a “credit negative”, according to Moody’s Investors ...

There were 565 fewer auctions reported in the past week than in the corresponding period a year prior, new CoreLogic data has revealed.

Commonwealth Bank CEO Matt Comyn has been questioned over the lender’s continued use of home loan referrers outside the mortgage profession.

The Bank of Queensland has announced that it has been made aware of a personal data breach by a third party provider.

Yellow Brick Road Holdings Limited has announced a $34.15 million net loss after tax after writing off the goodwill of its wealth and lending businesses.

The Commonwealth Treasurer has sought to ward off suggestions that the economy is headed for a recession but has warned that Labor’s housing policy could trigger a deeper downturn.

Non-ADIs should be mandated to participate as data holders in the open banking regime, as they too offer the same products as ADIs, according to a representative from COBA.

The non-major bank revealed that it is purchasing a building in Sydney’s CBD to relocate its head office.

The proportion of income required to service a mortgage has increased despite the continued fall in residential dwelling valuers, according to new research.

The downturn in the property market is “manageable” and will not impede economic growth, Reserve Bank governor Philip Lowe has said, despite some analysts accusing the central bank of ...