Economy

The CEO of a Sydney real estate network is confident that a new entrant will hit the market in 2018 and become the fifth major lender in the Australian economy.

A leading forecaster has dismissed fears that Australia’s economy is about to collapse, arguing that the housing boom in Sydney and Melbourne has not been built on Chinese money.

According to a new survey, customer satisfaction with digital banking services has improved significantly over the last 12 months.

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.