Economy

A recent survey has revealed businesses remain bullish on the property sector despite reporting higher funding costs and higher interest rates.

The much-anticipated final report from Stephen Sedgwick AO has made a number of recommendations for reform in mortgage broking after identifying “significant risks of mis-selling”.

The Reserve Bank of Australia has clarified its stance on the official cash rate, noting that while indicators of financial stress in the household sector remain contained, it warrants ...

A former real estate developer has been arrested and charged with 15 offences following an ASIC investigation.

Australia's financial system is exposed to risks associated with high household indebtedness, which could “amplify and propagate an economic downturn, declines in housing prices and losses ...

The number of new units under construction in NSW is continuing to rise despite apartment building in Victoria and Queensland coming off the boil.

Lenders have acknowledged the benefits that access to data could bring to customers and the broader economy at a symposium recently hosted by the Australian Bankers’ Association.

The RBA has welcomed measures by APRA on interest-only loans, highlighting that strong investor credit growth could contribute to the amplification of cycles in borrowing and house prices.

After slumping to its lowest value since October 2015, consumer confidence jumped by 3.3 per cent in the week ending 9 April, driven up by improved expectations for economic conditions for ...

New research from a big four bank has indicated an overall healthy Australian economy, which appears to be gaining traction in the near-term.