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Economy

RBA: Australian banks could ‘survive a deep recession’

Banks in Australia ‘have sufficient capital to survive a deep recession and a collapse in the housing market’, according to the head of financial stability at the Reserve Bank of Australia

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Gender pay gap in financial services closing

The pay gap between men and women working in financial services is closing but remains the largest in the country, according to the Workplace Gender Equality Agency.

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Average Aussie home size hits 20-year low

New analysis from CommSec has revealed that the size of the average Australian home is now smaller than it has been for 20 years.

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80% of buyers fed up with out-of-date mortgages

Australia’s recent property boom has set a precedent for home buyers to act with more immediacy, but 85 per cent of Aussies believe that the mortgage process is still too slow, according to ...

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Disqualified bankers to be listed on ‘register’

The Australian Prudential Regulation Authority has revealed that it intends to list individuals disqualified under the Banking Executive Accountability Regime on a “disqualification ...

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Recession is not the answer and will lead to ‘destruction’: RBA

The Reserve Bank of Australia has slammed claims that a recession is the only way for the Australian economy to improve, saying that recessions engender “destructive destruction”.

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RESIMAC prices NZ$250m RMBS

Homeloans Limited’s wholly owned New Zealand subsidiary RESIMAC Home Loans has priced a multimillion-dollar residential mortgage-backed security, the second issuance it has offered since ...

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Fall in investor demand correlates with drop in value growth

New data from property research analytics company CoreLogic suggests that when mortgage demand from investors falls, so too does the rate of value growth.

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SA scraps controversial bank tax plans

The Premier of South Australia has revealed that the state government has “set aside” its major bank levy, just minutes before the measure was due to be voted on for a second time.

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Bank highlights LGBTQI financial discrimination

The marriage law postal survey has thrown a light on the need to provide better financial support to the LGBTQI community, a subsidiary of a major bank has said.

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