Economy

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.

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.

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.

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

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

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 ...