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Economy

7 July 2017

An ASIC investigation of NAB-aligned dealer groups has discovered failures to disclose relationships between advisers, licensees and product issuers within the group.

7 July 2017

Auswide Bank has announced that it will be raising the reference rates for investment home loans and lines of credit by 25 basis points from Tuesday.

7 July 2017

There has been a rise in the number of mortgagors paying less than 30 per cent of total income towards median monthly mortgage repayments, and a decrease in those paying more, the 2016 ...

6 July 2017

Just over 90 per cent of Australian property resales during the March 2017 quarter earned a profit, earning vendors $20.9 billion in gains, new figures show.

6 July 2017

Tightening lending standards and foreign buyer taxes have seen Chinese investment in Australia “decrease markedly from their peak”, an international property portal has said.

6 July 2017

The head of the economics unit at BIS Oxford Economics has said that banks "know no one likes them" but would be subject to a huge backlash if they continue to increase standard variable ...

5 July 2017

A “diverse banking sector” is essential for competition, but regulatory movements to limit investor lending have entrenched the major banks’ dominance, an industry association has said

5 July 2017

Year-on-year numbers of dwelling approvals fell by 19.7 per cent between May 2016 and May 2017, according to seasonally adjusted figures from the Australian Bureau of Statistics.

5 July 2017

Rich Australians with mortgage offset accounts are balancing out the nation’s record household debt levels, but poorer borrowers on interest-only mortgages are facing increasing risks, ...

4 July 2017

Effective Friday, 7 July, the challenger bank is making a number of changes to variable rates across its home loan portfolio.