Economy

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.

Confidence in the national housing market has fallen, driven by low growth expectations in New South Wales and Victoria.

US-based private equity players have picked the perfect time to enter the Australian mortgage market by capitalising on regulatory changes and tighter credit.

Helping adult children get on the property ladder by going guarantor is a “real no-no”, a wealth management firm has warned.

Property approvals have fallen for the third consecutive month, according to the Australian Bureau of Statistics.

The “biggest single risk” to security in the banking sector is cyber risk, according to Westpac’s CEO.

The Reserve Bank of Australia will have no choice but to keep the cash rate at its record low of 1.50 per cent, an analysis of economic indicators has revealed.

A senior economist expects price falls in Sydney and Melbourne to continue after the latest CoreLogic figures found that capital city home values are gradually declining.

Business confidence levels are rising and are an “encouraging sign for investment”, according to the National Australia Bank.