Economy

A major bank-owned mortgage lender has refunded $4.9 million to approximately 10,800 customers after it failed to link some offset accounts to home loan accounts, resulting in a number of ...

Following their appearance last year before the House of Representatives standing committee on economics, major banks will next month return to face further scrutiny over pricing decisions

New research has found that more than 10 per cent of Western Australian mortgage holders have little or no equity in their homes.

ASX-listed diversified mortgage and wealth group Yellow Brick Road has posted strong settlement growth for the last three months of 2016, growing its loan book to $40 billion.

A chief economist has said that home loan rates would have to rise by at least two percentage points before it starts to become “a big issue” for mortgage holders.

All of Australia’s five major housing markets have been classed as "severely unaffordable" by a recent report, with Sydney ranked as the second least affordable in the world after Hong Kong

More than 180 apartment projects, valued at a total of $1.6 billion, were deferred in the final quarter of 2016, with a further half a billion dollars’ worth of projects abandoned in the ...

Over 3 million Australians are set to fork out $397 million in interest payments as they face a ‘debt hangover’ following the festive period.

Building on last year’s reforms to address concerns with their culture, Australian banks have announced a series of new initiatives including improved protections for whistleblowers and a ...

International ratings agency Moody’s has downgraded Australia’s banking sector risk from “an indicative very low” to “very low” to reflect the banks’ “high exposure to mortgages amid ...