Economy

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 ...

The four major banks have all announced that they will suspend loan repayments for customers affected by the bushfires in Victoria, among a range of other relief assistance.

A representative from the ACCC has rejected the idea that the impending Consumer Data Right could make the big four banks even more powerful in the mortgage market.

Xinja Bank has announced that it has raised $2.6 million from over 1,500 investors in its second equity crowdfunding campaign.

The central bank has cut the official cash rate for the first time in over two years.  

The central bank has lifted the official cash rate for the first time in over eight years.   

The RBA has determined the official cash rate for March, following its monthly monetary policy board meeting.

Dwelling approvals have recovered slightly but remain 29 per cent lower year-on-year, according to the latest ABS statistics.

A customer-owned bank has announced the appointment of a new chief customer officer who will commence her role in mid-March as the current CCO takes over the reigns as CEO.