Economy

A Tasmanian lender has priced $300 million in residential mortgage backed securities (RMBS), in a move that marks the “exceptional performance” of its Australian residential mortgages.

The Reserve Bank of Australia is likely to leave the official cash rate on hold today after last week’s inflation figures came in “slightly stronger” than expected, a mortgage comparison ...

A big four bank will offload $11 billion in gross loans and advances and $7 billion in credit risk weighted assets as part of a major sale of its Asian operations.

Median asking prices for homes in Sydney, Melbourne and Canberra have risen to new record levels, while prices in Brisbane, Adelaide, Perth and Darwin have dropped, compounding the ...

Australia’s economic growth is showing signs of improvement, but the adjustment in house prices may drive further cuts throughout 2017, according to AllianceBernstein.

Macquarie Group has seen its net profit for the first half of the financial year 2017 drop by 2 per cent, while its Australian mortgage portfolio has risen 4 per cent to $28.6 billion.

As Australia considers introducing ’rate tracker’ mortgages, one industry veteran has highlighted how the popular home loans left British banks high and dry when the GFC hit.

The chief executive of a non-major bank has urged the federal government to continue implementing the Murray report’s competition recommendations and reduce continuing inequity between small ...

Australia’s biggest mortgage provider has confirmed that it will refund approximately $105 million in fees plus interest following the release of an ASIC report into financial advice.

Fresh research has revealed that dwelling sales hitting the $2 million mark have increased significantly in recent years.