Economy

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 ...

Eight-five per cent of first home buyers believe that an ‘affordable’ house would cost less than $600,000, while more than half believe it is under $450,000, according to new research.

Reserve Bank governor Phillip Lowe has shared his concerns over rising levels of household debt and the impact of increased property investment on the economy.

New half-year results from NAB show that the bank’s mortgage portfolio now totals just over $320 billion, with $285 billion of it coming from Australian home loans.

A major bank has highlighted that there are a range of “deep and varied drivers” of the housing affordability issue, emphasising the need for a similarly broad policy response.

A major bank has shared its forecasts for next week’s federal budget, highlighting it will likely include measures for FHBs and retirees aimed at making housing more affordable.

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.