Economy

Anna Bligh, former premier of Queensland, has been announced as the new chief executive of the Australian Bankers’ Association.

The RBA’s assistant governor (economic) says that although there are some “pockets of potential stress” in the housing market, housing affordability is more layered and complex than much of ...

Declines in sentiment toward both financial and economic conditions drove a fall in consumer confidence in the week ending 12 February.

The median price of land lots rose by 3.3 per cent during the September 2016 quarter, reaching a record high of $243,585, new research has shown.

The majority of Australians say it is becoming increasingly difficult to achieve the ‘traditional dream’ of home ownership, according to fresh research from Mortgage Choice.

The latest data from NAB’s Monthly Business Survey revealed that business conditions surged unexpectedly last month, pointing to “very strong” current levels of business activity.

The Housing Industry Association has accused the National Affordable Housing Agreement of failing to deliver on its targets “by a long shot”.

The HIA has urged for proposed changes to the national Building Code to be expedited in order to continue to provide the infrastructure that Australian communities “desperately need”.

The chief executive of Financial Counselling Australia has said that mortgage stress is contributing to Australia’s “debt hangover”, and warned that rising interest and unemployment rates ...

A non-major lender has announced that the variable interest rate for existing owner-occupied home loans and business loans will rise by 10 basis points, effective immediately.