Economy

Mortgagors will soon be required to provide brokers with supporting documentation about their living expenses when applying for a loan from AMP Bank.

The RBA has joined APRA in stressing its indifference towards house prices, despite flagging risks in the property market and making repeated warnings about high levels of household debt.

Five companies under the banner of Benchmark Private Wealth, which operates under the credit licence of aggregator Outsource Financial, have entered liquidation.

Insurance giant AAMI, part of the Suncorp Group, has paid $43,200 in penalties for making “false or misleading statements” in several of its adverts for home insurance.

The Leader of the House has dismissed insinuations that the government is trying to avoid a banking inquiry by cancelling next week’s parliamentary sitting, adding that “there is no bill to ...

The chairman of the prudential regulator has suggested that the body is “uncomfortable at the thought of APRA supervising non-ADIs” and is “not seeking to expand [its] supervisory remit” ...

A new study by the Australian National University has stated that, despite reports of a housing shortage, there remains an oversupply of dwellings in Australia.

Banks in Australia ‘have sufficient capital to survive a deep recession and a collapse in the housing market’, according to the head of financial stability at the Reserve Bank of Australia

The pay gap between men and women working in financial services is closing but remains the largest in the country, according to the Workplace Gender Equality Agency.

New analysis from CommSec has revealed that the size of the average Australian home is now smaller than it has been for 20 years.