Economy

Apr 20 2018

Treasurer Scott Morrison has announced the appointment of a new deputy chair to the Australian Competition and Consumer Commission.

Apr 20 2018

The federal government has announced plans to reform the Corporations Act to increase criminal penalties for misconduct as damning evidence continues to be revealed before the royal ...

Apr 20 2018

AMP chief executive Craig Meller has brought forward his resignation from the end of the year, to step down immediately in light of evidence of misconduct uncovered by the royal commission

Apr 20 2018

Treasurer Scott Morrison has slammed AMP for misleading ASIC amid revelations of “deeply disturbing” misconduct by its staff, highlighting that such behaviour could attract “jail time”

Apr 20 2018

Owner-occupiers transitioning from interest-only loans are more likely than investors to struggle meeting mortgage repayments, according to Standard and Poor’s.  

Apr 20 2018

Australians are increasingly relying on credit cards instead of their own money, with average debt per card nearing $2,000 and total debt surpassing $33 billion, new data has shown.

Apr 19 2018

A mortgage industry leader has defended the non-bank sector amid growing concerns that alternative lenders could come under scrutiny as the royal commission continues to unearth evidence of ...

Apr 18 2018

Clearance rates of auctions held in the combined capital cities were 10.2 per cent lower in March 2018 than the year prior, according to new data from CoreLogic.

Apr 18 2018

The value of funds under management held by 10 of Australia’s “most recognised” mortgage trusts has “nearly doubled” in the past 12 months, according to new research.