Economy

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.

The CEO of Aussie Home Loans has said that he expects home buyers will enjoy better buying conditions in the 2018–2019 financial year, with housing affordability improving on the back of ...

The corporate regulator and the Australian Banking Association have agreed on a revised Code of Banking Practice, following months of disagreement.

Australia’s major banks have traditionally been the first to respond to higher funding costs by hiking interest rate; however, recent “political scrutiny” and the financial services royal ...

For the first time this year, new home sales have risen in every major market but one, according to a new report.

Victoria has dethroned New South Wales for the first time to become Australia’s best-performing state economy, according to a new report.

Describing the recent slowdown in overall lending activity as a credit crunch might be “overzealous”, but it could be true for investors in Sydney and Melbourne, CoreLogic’s Cameron Kusher ...

BankVic has announced that former CFO Anthony De Fazio has been appointed to the role of CEO in a permanent capacity.

The Federal Court of Australia has made orders winding up five companies for their role in a land banking scheme that targeted both retail and SMSF investors.