Economy

Sep 8 2017

The “power and control” held by Australia's established banks poses a “barrier” for small businesses seeking financing, according to the Small Business Ombudsman.

Sep 8 2017

The average loan size taken out by first home buyers rose by $4,000 between June and July 2017, the Australian Bureau of Statistics has revealed.

Sep 7 2017

Nearly one in three young people that don’t own a home are relying on assistance from parents to help them make the leap, Galaxy Research has revealed.

Sep 7 2017

Australian securitisers’ residential mortgage assets grew by 4.8 per cent in the June quarter, bringing total assets to $125.3 billion. 

Sep 7 2017

New legislation has been introduced to Parliament that seeks to make housing more affordable to first home buyers, retirees and the wider Australian market.

Sep 6 2017

Governments need to “proceed with caution” when introducing “punitive measures” for foreign investors, or else risk an accelerated decline in home building, according to the Housing Industry ...

Sep 6 2017

The release of the Adelaide Bank/Real Estate Institute of Australia Housing Affordability Report reveals that housing affordability is generally on the decline nationwide, while first home ...

Sep 6 2017

The Reserve Bank of Australia has doubled down on its 3 per cent growth target despite acknowledging that economic shocks “will occur” in the future.

Sep 5 2017

As residential land prices grow to historical highs, the mismatch between strong demand and a limited supply of new housing “remains acute”, industry agencies have said.