Economy

Three of the big four banks have expressed support for the Household Expenditure Measure, in response to concerns raised by the financial services royal commission.

The big four bank has reported “below system” mortgage growth, a rise in home loan arrears and a $150 million drop in its cash profits.

The Reserve Bank has “surprised” the market with its “upbeat” economic outlook, which could be a “precursor to a rate hike in relatively short order”, according to ANZ Research

Initiatives aimed at increasing innovation and competition, particularly from non-bank lenders, are starting to “chip away” at the “entrenched position” of the major banks, new reports have ...

NSW Treasurer Dominic Perrottet has announced “significant” stamp duty reform designed to “reduce the tax burden on home buyers”.

The central bank has announced its cash rate decision for November following its monthly board meeting. 

A big four bank has reported a “flat” annual result, noting that while the value of mortgages continues to rise, it is continuing to see fewer people apply for its home loans.

Apartments in the east coast of Australia are expected to be up to 8 per cent cheaper by the end of 2019, according to the results of a new survey.

Consumer spending falls by 42 per cent during the Melbourne Cup race, according to data from Commonwealth Bank.

A non-major lender has reported mortgage portfolio growth of $6.2 billion in the 12 months to September 2018.