Economy

Moody’s Investors Service has downgraded the credit ratings of 12 Australian banks including the major lenders, citing ‘elevated’ debt in the housing sector.

A major bank has announced further interest rate increases but says they are not in response to the bank levy.

A non-major lender has appointed a new chief economist and head of research for the Asia-Pacific region.

The Brisbane based non-bank lender has grown its loan book to more than $8 billion in mortgages under management.

The challenger bank has today announced changes to investor lending to manage its portfolio and align with regulatory requirements.

The RBA is more likely to cut the official interest rate than introduce a hike over the next 12 months, according to a leading economist.

Reserve Bank governor Philip Lowe is confident that Australia will experience stronger growth over the coming years but says house prices, rising debt levels and stagnant wage growth are a ...

The great Australian dream of home ownership could lose its lustre if rental agreements are able to provide a sense of stability, says a Deloitte partner.

At a recent conference, I listened to Andrew Inwood from CoreData. He raised a couple of terms which I have been pondering ever since, and what they will mean to the finance industry.

Australians are rapidly losing confidence in housing and property investors are starting to exit the market as regulatory measures, cooling prices and tighter credit begin to bite.