Economy

Non-bank lender Pepper has announced today the appointment of a new country CEO for Australia.

The Australian Prudential Regulation Authority has faced heavy scrutiny over lenders potentially using the crackdown on interest-only lending as a cover for back book repricing.  

Demand for fixed rates is at its highest level since December 2013, with nearly one-third of borrowers opting for the repayment type, Mortgage Choice reveals.

Australian lenders remain uncertain about APRA’s interest-only crackdown and are awaiting further clarification on what the regulator is looking to achieve, according to the head of a major ...

The boss of one of Australia’s largest home loan comparison websites says that comparison rates are now obsolete and "decades behind" today's market conditions.

The investment bank has released its latest report on the mortgage industry, this time claiming that there are now $500 billion worth of “factually incorrect” mortgages on bank books.

First home buyers are "less likely to take on a mortgage" today than in the early 2000s, Reserve Bank economists have found, as a result of being "crowded out of the market by higher housing ...

The Western Australian government hopes to raise $48 million in additional revenue through a 4 per cent surcharge on property purchases made by foreign buyers.

It “takes courage” for bank executives to allow scrutiny of practices, but it is “absolutely the right thing to do”, a financial services executive has said.

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