Economy

A non-major bank has today announced a range of changes across its fixed and variable rate home loans, including a 10 basis point cut to one of its products.

A leading Australian economist has predicted that the Reserve Bank of Australia will “reluctantly” cut interest rates next year, due to concern over house prices.

Australian banks need to refrain from using “negative and often self-serving rhetoric” in order to rebuild the community’s trust in the system, according to Westpac.

The asset quality of the big four banks is likely to come under pressure from “multiple headwinds” in 2017, says Moody’s Investors Service.

A regional bank has decided to increase its residential mortgage variable interest rate in response to rising funding costs.

Rental yields reached a new low in November across the nation’s combined capitals, new research has found.

The percentage of first home buyers in the owner-occupier market has plunged to the lowest level in a quarter of a century, a new report has revealed.

Former CBA boss David Murray says property investors acquiring multiple dwellings have created a housing bubble that could end in economic disaster.

A global ratings agency has raised its long-term credit issuer rating of MyState Bank to ‘BBB+’ with a negative outlook, from ‘BBB’ with a developing outlook, based on an improved risk ...

Reduced activity in the housing industry could be partly to blame for the first quarterly contraction in Australia’s economy since 2011, the Housing Industry Association has suggested.