Economy

The Reserve Bank could be forced to “change its tone” and cut the cash rate sooner than expected amid a rise in mortgage stress, compounded by out-of-cycle rate hikes, according to a market ...

Pundits are “surprised” by the 32.8 per cent drop in dwelling approvals reported in the latest ABS statistics, which represents the sharpest annual decline since 2009. 

New research has found that over two million Australians are currently seeking new banking providers, with many currently customers at one of the big four. 

Macroeconomic risks associated with the link between the fall in property prices and reduced household consumption have been raised by a senior Morningstar analyst.

Satisfaction in Australia’s banks has reported the first monthly improvement since the start of the financial services royal commission, according to the latest figures from Roy Morgan.

Australians are expected to be close to $30 billion-deep in debt off the back of record-high spending over Christmas, new research has revealed. 

A non-major lender has announced variable and fixed rate reductions to its owner-occupier home loan offerings.

The Commonwealth Bank’s owner-occupied lending portfolio grew by $1.4 billion in the month to 30 November outpacing its biggest competitors, according to APRA’s latest banking statistics.

Emergency services workers have been underserved by financial institutions, with almost half stating that they would like more support from their bank, according to new research.

The Australian housing market last year reached its weakest point since 2008, CoreLogic has said.