Economy

Ahead of next week’s federal budget, PIPA has called on the government to consider housing affordability strategies that reflect the country’s market needs, rather than “radical changes” ...

A market analyst has emphasised that the drivers of rising mortgage stress could be creating a “perfect storm” for many households, and may be exhibiting “similar seeds” of what happened in ...

A big four bank has announced a cash profit of $3.4 billion for the half year ended 31 March 2017, a massive 23 per cent increase on the prior comparable period.

Older working Australians are not only more likely to enter retirement with high levels of debt, they are also under pressure to provide financial assistance to their children, a new report ...

The Reserve Bank of Australia has announced the decision of today’s monthly board meeting.

April figures from CoreLogic show a slowdown in housing market conditions in Sydney and Melbourne, with capital city dwelling values recording their lowest month-on-month rise since 2015.

All four of the major banks have confirmed that they will be removing non-monetary default clauses on small- to medium-sized business loans worth less than $3 million, in a bid to improve ...

Leading economists are confident that the Reserve Bank will leave the official cash rate unchanged at today’s board meeting.

Fresh data from the prudential regulator has revealed a resurgence in mortgage lending among the big four, who are seeing no reduction in investor mortgage volumes despite lifting their ...

Two Australian banks, including one of the big four, have announced pricing changes to their fixed and variable rate mortgage products.