Economy

The new government, under Scott Morrison’s leadership, will no longer comprise a Minister for Revenue and Financial Services.

A non-major bank has reported growth in its home loan settlements despite “significant competition” and funding cost “volatility”.

A number of industry stakeholders have expressed concern over the recent political turmoil, noting the impact it may have on market conditions.

A group of Australian fund managers have flagged the risks associated with a change in government, encouraging Australians to invest overseas amid ongoing political instability.

The first public bond to have reportedly been created, allocated and managed using blockchain technology has raised $110 million, exceeding the previously expected $50 million.

A new Prime Minister is set to assume office, with the coalition government’s prolonged leadership dispute drawing to a close.

Prime Minister Malcolm Turnbull has said that he “will not stand” as a candidate for the Liberal Party leadership if a spill motion is declared today.

The decline in national dwelling values has had little effect on the rate of home sales in the most affordable segment of the property market, according to the latest CoreLogic research.

The non-major lender has dropped interest rates on its variable owner-occupied and investment home loan offerings amid “intense” competition.

A recent poll has shown that wealth is a subjective term, with some Australians believing that being “wealthy” means you’re earning between $60,000 and $80,000.