Economy

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.

The CEO of a big four bank is committed to reducing “churn”, particularly in the home loan market, as he believes the concept “doesn’t make a lot of sense”.

Home values have continued to fall, driven by declines in Sydney, Melbourne and Perth, against a backdrop of falling housing approvals, according to research from CoreLogic and the ...