Economy

Lenders are charging borrowers with unnecessary premiums, leaving them thousands of dollars out of pocket, according to the Productivity Commission.

The LMI provider has set up an offshore operation in Bermuda as part of a broader work program to redefine its core business model.

The Productivity Commission estimates that lending curbs imposed by the banking regulator have cost Australian taxpayers $500 million a year, increased bank profits and reduced competition

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.

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

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

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

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

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.

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.