Economy

A recent report by a housing industry body has predicted that home renovations will become an increasingly important part of the residential building industry over the next few years.

A regional bank has today announced a 25 basis point rate increase to its variable rate investor home loans, pushing its new rate above 6 per cent.

The chief executive of one of Australia’s largest banks has outlined the group's distribution strategy following a multi-million investment in its mortgage business.

An ongoing weakness in consumer confidence is being driven by households’ concerns about both current and future economic conditions, according to fresh figures from ANZ.

A global ratings agency has revealed that the percentage of Australian mortgages in arrears increased at the end of the fourth quarter last year.

Ratings agency Moody’s has assigned a definitive rating to Bendigo and Adelaide Bank’s first RMBS transaction for 2017.

A 25 basis point out-of-cycle rate hike in owner-occupied mortgage rates could pressure the Reserve Bank to make another cash rate cut, according to a leading economist.

Ratings agency S&P Global has explained how its revised rating outlook for mortgage insurer Genworth could impact the ratings of residential mortgage bonds.

AMP Limited chair Catherine Brenner has announced that Professor Peter Shergold AC will retire from the board at the conclusion of the 2017 annual general meeting on 11 May.

ASIC chairman Greg Medcraft has given a scathing review of Australia’s home loan market and called out banks for blaming out-of-cycle rate hikes on regulatory costs.