Economy

Jul 5 2017

A “diverse banking sector” is essential for competition, but regulatory movements to limit investor lending have entrenched the major banks’ dominance, an industry association has said

Jul 5 2017

Year-on-year numbers of dwelling approvals fell by 19.7 per cent between May 2016 and May 2017, according to seasonally adjusted figures from the Australian Bureau of Statistics.

Jul 5 2017

Rich Australians with mortgage offset accounts are balancing out the nation’s record household debt levels, but poorer borrowers on interest-only mortgages are facing increasing risks, ...

Jul 4 2017

Effective Friday, 7 July, the challenger bank is making a number of changes to variable rates across its home loan portfolio.

Jul 4 2017

A Senate committee will consider further investigation into a “powerful driver of frontline behaviour” by bank staff that harmed employees and consumers and was missed by the Sedgwick review

Jul 4 2017

Australian lenders have raised their loan books to $1.56 trillion, according to the latest figures from the Australian Prudential Regulation Authority.

Jul 4 2017

The Reserve Bank of Australia has made its official interest rate call for July following its monthly board meeting.

Jul 4 2017

A regional bank has today announced adjustments to its mortgage pricing to “address competitor movements and respond to regulatory caps on growth”.

Jul 3 2017

Mutual lender CUA has announced that former PwC partner Nigel Ampherlaw has been elected as its new chairman and will take up the position from 14 November.