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Economy

Regional markets buck downward trend

Dwelling values in Australia’s regions have defied the slowdown trend that has affected the capital cities, the latest data has revealed.

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Household debt levels reach new record high

Household debt levels continue to climb throughout 2017, reaching a new record high, according to recent data.

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Greens propose ‘People’s Bank’ for low interest loans

The Greens have called for the establishment of a government-owned “People’s Bank” backed by the Reserve Bank of Australia.

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‘Room for improvement’ in remuneration frameworks

The design and implementation of remuneration practices at large financial institutions leave “considerable room for improvement”, the prudential regulator has warned.

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Heritage Bank appoints permanent general counsel

The mutual bank has confirmed that Benn Wogan will fill the role of general counsel on a permanent basis.

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Big banks expand owner-occupied loan book

Australia’s big four banks have recorded rises in their owner-occupied residential mortgage book, according to fresh figures from APRA.

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Student loan marketplace to branch out into mortgages

An ASX-listed student loan marketplace is to expand into mortgages, with the expectation of rolling out the offering in the US by the end of the year.

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RBA announces cash rate decision

The Reserve Bank of Australia has today announced the official cash rate for April following its monthly board meeting.

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RBA hikes cash rate - 2018

The Reserve Bank of Australia has announced its cash rate verdict for April, defying most of the industry’s expectations.

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RBA drops cash rate to record low

The Reserve Bank of Australia has reduced the official cash rate for the first time in over seven years, bringing it to a new record low.

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