Economy

The RBA’s assistant governor for financial system, Michele Bullock, has said that she is “disappointed” by the major banks’ slow progress with the New Payments Platform, but that she does ...

Funding cost pressures are set to continue, placing further pressure on smaller banks in a “very competitive” lending landscape, the CEO of a non-major bank has said.

Homeloans Ltd has entered into a “strategic partnership” with a Macquarie-backed fintech, which has been founded by two former NAB executives in a bid to take a “bigger slice” of the ...

The Australian Securities Exchange has announced that it has invested nearly $7 million into electronic property conveyancing and settlement venture Sympli Australia as part of a 50 per cent ...

All of Australia’s capital cities have been sensitive to housing market cycles over the past three decades, with price growth dominance shared across the country, according to new research

Smaller lenders “remain constrained” by the “unfair playing field” benefitting the larger banks, the CEO of a non-major lender has said.

The New Zealand-based banking group’s proposed restructure will see its burgeoning Australian reverse mortgage business freed from the central bank’s capital requirements and poised for ...

Borrowers paying lenders mortgage insurance should be offered more choice and ASIC should intervene to safeguard their interests, according to the Productivity Commission.

Legislation banning most foreign buyers from purchasing existing residential property in New Zealand has passed its third and final reading in New Zealand Parliament.

The central bank’s cash rate outlook will not be swayed by the latest rise in the wage growth index, according to analysts.