Economy

Nov 1 2016

The Reserve Bank of Australia has delivered the decision of its monthly board meeting.

Nov 1 2016

S&P Global Ratings has revised its outlook for 25 Australian financial institutions and three banks after warning of rising risks due to high private debt and residential property prices

Nov 1 2016

A Tasmanian lender has priced $300 million in residential mortgage backed securities (RMBS), in a move that marks the “exceptional performance” of its Australian residential mortgages.

Nov 1 2016

The Reserve Bank of Australia is likely to leave the official cash rate on hold today after last week’s inflation figures came in “slightly stronger” than expected, a mortgage comparison ...

Oct 31 2016

A big four bank will offload $11 billion in gross loans and advances and $7 billion in credit risk weighted assets as part of a major sale of its Asian operations.

Oct 31 2016

Median asking prices for homes in Sydney, Melbourne and Canberra have risen to new record levels, while prices in Brisbane, Adelaide, Perth and Darwin have dropped, compounding the ...

Oct 31 2016

Australia’s economic growth is showing signs of improvement, but the adjustment in house prices may drive further cuts throughout 2017, according to AllianceBernstein.

Oct 31 2016

Macquarie Group has seen its net profit for the first half of the financial year 2017 drop by 2 per cent, while its Australian mortgage portfolio has risen 4 per cent to $28.6 billion.

Oct 28 2016

As Australia considers introducing ’rate tracker’ mortgages, one industry veteran has highlighted how the popular home loans left British banks high and dry when the GFC hit.