Economy

Australian banks need to improve their image and reputation in order to “win back consumers”, according to respondents of a new survey.

Market conditions slowed in Sydney while Hobart emerged as the country’s best-performing capital city based on growth in dwelling values over the past 12 months, according to CoreLogic's ...

Competition is about the “power of the customer” in a market, the federal treasurer has said, adding that that’s what he wants to “boost” in the banking sector.

The number of apartments approved for building has plunged by 29.5 per cent since July last year, the Australian Bureau of Statistics has reported.

The founder of McGrath Estate Agents has said that despite the Sydney housing market being “overvalued” compared to other areas, it has “no chance of a 40 per cent correction”.

The Banking Executive Accountability Regime would not only provide APRA with the power to remove directors and senior executives from their positions but could also subject them to bonus ...

The release of a new report states that without any major changes to the property market, the lack of property supply is set to get worse.

As regulatory crackdowns see other lenders cool off on interest-only lending, a non-bank lender has announced that it will increase its offering.

The founder and executive director of McGrath Estate Agents has said that the Sydney real estate market is 40 per cent overvalued and “at least 95 per cent through its current cycle”.

New data reveals that property owners are slowly but surely turning away from interest-only (IO) loans and towards principal and interest (P&I).