Economy

The Australian Bankers’ Association has launched an industry-wide reference checking protocol that is aimed at weeding out ‘bad apples’.

The Australian financial services sector is in an eerily similar position to the UK industry before it was hit with a regulatory crackdown, says former Barclays executive Steve Weston.

The challenger bank has today announced that it will increase both variable and fixed mortgage rates by 10 basis points in response to higher costs and regulatory requirements.

A conversation with a Sydney restaurant manager led Adelaide Bank general manager Damian Percy to realise that the housing affordability issue has reached crisis levels.

The chief executive of a Sydney real estate group believes the state government is using first home buyers to soak up apartment supply in the nation's most expensive market.

A surprise decision by a regional bank to exclude reverse mortgage earnings from its cash profit calculations has led UBS to question whether the bank has “rung the bell” on housing.

Australian economic growth is projected to reach almost 3 per cent in 2018, but the possibility of plummeting house prices presents the country’s “largest domestic risk”.

A new survey is asking mortgage brokers for their thoughts on channel conflict, and whether they have been affected by lenders directly approaching and refinancing their clients.

Analysts are confident Bank of Queensland can restore its home lending to system growth after a fall in broker-originated loans drove a 3 per cent reduction in its mortgage book over 12 ...

Global consumer credit reporting agency Equifax, which last year acquired Veda, has announced senior leadership changes in its Australian business.