Economy

The proportion of broker-originated mortgages from non-major banks has increased by 15 per cent over the past five years, new data has revealed.

The “strengthening” of lending standards have helped reduce household debt, according to Reserve Bank governor Philip Lowe.

More than 215,000 homes would need to be built every year until 2050 if population and income growth continue on their current trajectories, a new report estimates.

Apartment projects accounted for more than a quarter of the combined value of development applications in March, a new report has found.

NAB has refuted suggestions that its recent move to fire 20 bankers from its credit risk department was linked to fraudulent activities brought to light during the royal commission.

A new survey has found that Aussie house hunters spend less time in the houses they intend to buy than they do commuting to work.

New research has identified a shortage in NSW’s affordable housing market and called for the government to develop comprehensive policies to stimulate supply.

Community Sector Banking has announced that it will provide $300,000 in grants to not-for-profits supporting people experiencing homelessness and domestic abuse.

A new report released by NAB has revealed that Australians believe that around $830,000 would grant them “financial freedom”, with those living in NSW stating that they would need around $1 ...

The federal government has released further information on how the Banking Executive Accountability Regime will be implemented.