Economy

Sep 21 2017

Reserve Bank of Australia governor Philip Lowe is worried about what will happen to highly leveraged Australian households when rates return to “normal” levels.

Sep 21 2017

Investing in bitcoin is “incredibly dangerous and very speculative”, warns Magellan’s Hamish Douglass, but the technology underpinning it could be “revolutionary”.

Sep 20 2017

The credit union has revealed that its loan volumes were down by 4 per cent in the last financial year, adding that it was “impacted by extremely competitive market conditions” in the first ...

Sep 19 2017

The major bank has revealed this week that two Chinese companies will acquire its 20 per cent stake in Shanghai Rural Commercial Bank.

Sep 19 2017

The prudential regulator has revealed that it brought in supervisory measures for mortgages after finding that competition had eroded banks’ underwriting standards and had “the potential to ...

Sep 18 2017

Australia is unlikely to experience a recession in the near future, but certain “vulnerabilities or excesses” in the economy should be addressed to avoid downturns, says AMP Capital.

Sep 15 2017

More than 40 per cent of all Chinese buying inquiries in the year to date have been for Melbourne, making the southern city Australia’s destination of choice.

Sep 15 2017

LMI provider Genworth has had its A3 credit rating downgraded by Moody’s, with the agency citing “high and rising level of tail risks” as the catalyst.

Sep 14 2017

Fractional property investment company DomaCom has announced plans to introduce a new equity release product to the market, provided that it gets the regulator’s tick.