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Economy

Non-banks growing ‘80% faster than system’: CBA

CBA chief Ian Narev repeatedly highlighted the “extremely strong growth” and “pretty low” barriers to entry of non-bank lenders during a recent media briefing.

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NSW housing supply lagging behind

Housing completions in New South Wales are falling short of rising demand driven by population growth.

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RBA drops cash rate to new low

Industry pundits have been left reeling by the Reserve Bank of Australia’s official cash rate decision announced today.

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RBA shocks with rate rise

The Reserve Bank of Australia has raised the cash rate for the first time in seven years.

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RBA announces cash rate decision

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

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RBA rate cut would be a good move, says economist

A leading economist has cited concerns over “extremely high” household debt and a potential rise in mortgage defaults as justification for a cash rate reduction.

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Industry unanimous in RBA cash rate prediction

Economists and industry leaders all agree on what decision they believe the Reserve Bank will be making in its first cash rate call for 2018.

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NSW and Victoria spur fall in housing market confidence

Confidence in the national housing market has fallen, driven by low growth expectations in New South Wales and Victoria.

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Global player to ‘fill the void’ in local mortgage market

US-based private equity players have picked the perfect time to enter the Australian mortgage market by capitalising on regulatory changes and tighter credit.

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Parents ‘strongly discouraged’ from going guarantor

Helping adult children get on the property ladder by going guarantor is a “real no-no”, a wealth management firm has warned.

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