Economy

A big four bank has announced that it has raised fixed interest rates on investor and interest-only home loans in a bid to meet its regulatory requirements.

The high level of interest-only mortgages in the Australian economy has led one global fund manager to flag negative equity risks for borrowers and question the effectiveness of ...

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.