Economy

The percentage of young Australians who own their own home has collapsed by 10 per cent since 2002, while average household debt has risen by nearly 100 per cent.

Housing affordability levels in Sydney are “declining past a critical level”, with householders needing “more than two standard Sydney incomes” to service their home loans, the HIA has ...

Teachers Mutual Bank and its subsidiaries have announced a raft of rate hikes to their interest-only offerings, with some loans hiked by 50 basis points.

Australian branches of foreign banks could be liable to pay the "big bank levy" should they exceed the liabilities threshold, the Australian Taxation Office (ATO) and Australian Prudential ...

A global investment bank says it “would not be surprised” if Australian borrowers are reclassifying their mortgages from investor to owner-occupier in an effort to avoid paying higher rates

Several Australian banks are overhauling how they offer consumer credit insurance (CCI) after the regulator found certain "weaknesses" within their CCI processes.

Higher mortgage rates, affordability barriers and tighter lending criteria are biting and, as a result, the Australian housing market is “losing steam”, CoreLogic has reported.

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

Australia’s central bank has delivered a shocking cash rate call following today’s monthly board meeting.

The Reserve Bank of Australia’s cash rate call made today has flummoxed industry pundits.