Economy

Treasurer Scott Morrison has slammed AMP for misleading ASIC amid revelations of “deeply disturbing” misconduct by its staff, highlighting that such behaviour could attract “jail time”

Owner-occupiers transitioning from interest-only loans are more likely than investors to struggle meeting mortgage repayments, according to Standard and Poor’s.  

Australians are increasingly relying on credit cards instead of their own money, with average debt per card nearing $2,000 and total debt surpassing $33 billion, new data has shown.

A mortgage industry leader has defended the non-bank sector amid growing concerns that alternative lenders could come under scrutiny as the royal commission continues to unearth evidence of ...

Clearance rates of auctions held in the combined capital cities were 10.2 per cent lower in March 2018 than the year prior, according to new data from CoreLogic.

The value of funds under management held by 10 of Australia’s “most recognised” mortgage trusts has “nearly doubled” in the past 12 months, according to new research.

The eighth and final report looking at the Banking Reform Program has been released, calling that a “stronger focus on customers and their individual circumstances needs to become an ...

Long-serving Heritage Bank senior executive Paul Francis has announced his retirement, after a 28-year career that saw him introduce the group’s mortgage broker distribution channel.

The current state of Brisbane’s unit market is a viable option for investing in the capital city, a property specialist has claimed.

The federal government has released exposure draft legislation designed to enhance competition in the financial services sector.