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Economy

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.

4 July 2017

A Senate committee will consider further investigation into a “powerful driver of frontline behaviour” by bank staff that harmed employees and consumers and was missed by the Sedgwick review

4 July 2017

Australian lenders have raised their loan books to $1.56 trillion, according to the latest figures from the Australian Prudential Regulation Authority.

4 July 2017

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

4 July 2017

A regional bank has today announced adjustments to its mortgage pricing to “address competitor movements and respond to regulatory caps on growth”.