Economy

The federal government has unveiled a range of measures that aim to make the banking industry more competitive, including allowing ADIs with less than $50 million in capital to call ...

The Treasurer has released the federal budget for 2017/18, which includes a range of measures that aim to make the housing market more affordable, as well as moves targeting banks.

Australia’s slowness to offer open data leaves the country’s banking sector open to an incursion from more competitive foreign companies, according to Tyro Payments.

March figures from ANZ and the HIA have revealed a fall in approvals for residential building, which more than offset the increases in the previous two months.

The CEO of a big four bank expects a reduction in mortgage growth over the next 12 months as regulatory measures slow the Sydney and Melbourne property markets.

The heavy reliance on housing to rebalance the economy after the mining boom has created financial stability and macroeconomic risks, an investment bank has flagged.

CoreLogic’s rolling four-week average clearance rate for the nation is being driven down by Sydney’s final clearance rate drifting lower over the past two months.

Fifty-five per cent of first home buyers do not believe that using their superannuation savings would help them secure their first property, new data has found.

The head of one of Australia’s largest non-bank lenders has questioned comments made by the corporate regulator about the competition brokers generate in the mortgage industry.

In its recently released Statement of Monetary Policy, the Reserve Bank of Australia has highlighted that house prices have “grown briskly” over the past year, which if continued could ...