Economy

The big four banks have been sharply criticised for “exploiting” their market power to the “detriment” of consumers in a new report by the Productivity Commission.

Moody’s Investors Service has warned that Australian mortgage delinquencies will rise over the next few years as a record number of interest-only loans are scheduled to convert to principal ...

A new report by a non-major lender has found that 56 per cent of households renting or paying off a mortgage are contributing over 30 per cent of their disposable household income towards ...

The Reserve Bank has kept official interest rates sitting at 1.5 per cent ever since August 2016 which represents the longest period of cash rate stability on record.

Treasurer Scott Morrison has said that real market power needs to be put back in the hands of the customer.

Households will increasingly still have a mortgage once the occupants reach retirement age, a new report has predicted, which could lead to an uptick in downsizing.

More than 3.1 million Australians are dissatisfied with their main financial institution, and 2 million of which are looking to switch providers in the upcoming months, according to a new ...

The national drop in “real” dwelling values sheds new light on Australia’s weakening housing market, as revealed by the latest CoreLogic report.

AMP Bank has announced changes to its SMSF loan product, including the withdrawal of its interest-only package and interest rate increases on other variants.

Growth in investor housing credit has fallen into negative territory for the first time since the global financial crisis, with year-on-year growth the slowest on record.