Economy

Oct 12 2017

The boss of a big four bank says he stands by a decision to hike rates by 34 basis points for more than 800,000 home loan customers, labelling the increase a “judgement” that was not driven ...

Oct 11 2017

Australia has managed to dodge numerous shocks and experience 26 years of growth. HSBC questions when the lucky country’s luck will run out.

Oct 11 2017

Westpac’s $26 million gamble on an online brokerage is part of a global trend among venture capitalists and billionaire investors to roll the dice on disruptive mortgage businesses.

Oct 10 2017

Increased data sharing within financial services could expose clients to “predatory practices” and “conflicted advice” from new, third-party service providers, the Consumer Action Law Centre ...

Oct 9 2017

A big four bank has announced this week that from February 2018, it will gain a deeper insight into its customers’ financial situation through comprehensive credit reporting (CCR).

Oct 9 2017

Australia’s major banks must use data analytics, artificial intelligence and robotics to increase productivity and reduce costs, says outgoing CBA chief executive Ian Narev.

Oct 9 2017

The outgoing CEO of CBA has said that there is no such thing as the Australian housing market, that the “vast majority” of borrowers could afford their mortgage repayments if rates go up, ...

Oct 6 2017

New ABS data shows that the number of dwelling approvals and sales are on the rise, but are overall low when compared to this time last year.

Oct 6 2017

Rentvesting popularity is growing and now accounts for over 30 per cent of all property investments in Australia, according to a new research, which also identifies rentvestor hotspots