Economy

Oct 12 2016

Following the RBA rate cut in August and continued competition among lenders, home loan rates trended downward during Q1 with nearly 20 per cent of mortgages now with a rate of under 4 per ...

Oct 11 2016

The leaders of the big four banks have given mixed responses to government over whether tracker mortgages, which are tied to the official cash rate, should be introduced in Australia.

Oct 11 2016

One executive trainer says bank culture must change beyond the introduction of ping-pong tables, pizza days and height-adjustable desks.

Oct 11 2016

The ME board has announced the appointment of Ms Elana Rubin, effective 4 October 2016.

Oct 11 2016

Median selling prices for dwellings across the country “have not doubled over the past decade” despite overall price increases and a general belief that they have, a new report has revealed

Oct 10 2016

A senior economist has discussed the potential ramifications of too low an official cash rate, and predicted that if the RBA cuts the rate in November, “it would probably be it”.

Oct 10 2016

The CEO of Bank of Queensland has said that its Virgin Money Reward Me home loan product has driven a surge in mortgage applications and helped increase profit for FY16 amid “industry ...

Oct 10 2016

The announcement that the NSW government has brought the state “back in the black” should herald a stamp duty reduction plan to help first home buyers, a property association has suggested

Oct 7 2016

The specialist lender announced today that it has priced an $800 million non-conforming residential mortgage-backed securities deal, the largest in the Australian market since 2006.