Economy

The founder and CEO of Xinja, Eric Wilson, has responded to comments made by Heritage CEO Peter Lock, who dismissed neobanks as legitimate alternative to the big four.

Expectations of a cut to the official cash rate from the Reserve Bank have intensified amid a second wave of out-of-cycle mortgage rate hikes. 

New calls have been issued for the finance industry to change its mindset and embrace “greater collaboration” to leverage the full potential of artificial intelligence and machine learning ...

KPMG expects housing prices in Sydney and Melbourne to rebound in 2021 but warns that a new wave of credit tightening would have a “seriously negative effect” on the housing market. 

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.