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Economy

Australia needs 215,000 more homes on current trajectory

More than 215,000 homes would need to be built every year until 2050 if population and income growth continue on their current trajectories, a new report estimates.

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Apartments continue to dominate new construction projects

Apartment projects accounted for more than a quarter of the combined value of development applications in March, a new report has found.

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Major bank denies link between job losses and fraud

NAB has refuted suggestions that its recent move to fire 20 bankers from its credit risk department was linked to fraudulent activities brought to light during the royal commission.

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Home buyers make snap purchase decisions, study finds

A new survey has found that Aussie house hunters spend less time in the houses they intend to buy than they do commuting to work.

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Report reveals ‘undersupply’ of affordable homes in NSW

New research has identified a shortage in NSW’s affordable housing market and called for the government to develop comprehensive policies to stimulate supply.

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Expanded grant program aims to help address homelessness

Community Sector Banking has announced that it will provide $300,000 in grants to not-for-profits supporting people experiencing homelessness and domestic abuse.

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Financial ‘freedom’ equals $1m in NSW

A new report released by NAB has revealed that Australians believe that around $830,000 would grant them “financial freedom”, with those living in NSW stating that they would need around $1 ...

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Government consults on BEAR regime

The federal government has released further information on how the Banking Executive Accountability Regime will be implemented.

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CML Group expands funding facility to $120m

CML Group has announced the expansion of its existing institutional funding facility from $40 million to $120 million on a revolving 12-month term.

mortgagebusiness
‘Synchronised’ bank behaviour thwarting competition: ACCC

The behaviour of the big four banks “resembles synchronised swimming” and is not conducive to “vigorous competition”, according to the Australian Competition and Consumer Commission

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