Economy

Applications for cosmetic renovation loans have grown by 48 per cent in six months, non-major lender ME Bank has revealed, saying that the surge reflects the housing affordability “dilemma”

Three of the four major banks have taken issue with Treasury proposals that would give APRA the power to adjust remuneration and remove executives from their roles.

Eighty per cent of working-age Australians are feeling stressed about their finances, new research from the Financial Planning Association of Australia reveals.

The Australian Bankers’ Association has vowed to take the South Australian government to the High Court if the government’s proposed bank tax is legislated.

The flow of interest-only lending has fallen from 52 per cent in the second quarter of 2017 to 44 per cent in the most recent quarter, Westpac has reported.

Both bankers and brokers are at risk of being "performance managed" or "transitioned" out of their respective industries if they don't meet targets, reports obtained by the ABC allege.

The importance of ethical practices in the finance sector is coming more to the fore as brokers and clients increasingly question the actions of banks.

There is simply “too much evidence” that a royal commission into the Australian banking sector is required, says former Labor federal politician Bernie Ripoll.

Property valuers are now calling the end of the Sydney real estate boom after years of double-digit price growth, claiming at the same time that the Melbourne market is reaching its peak.

The number of houses that sold for less than $400,000 across Australia has fallen to 31.2 per cent, down from 62.4 per cent in 2007, CoreLogic reports.