Economy

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.

A bespoke lender, who has arranged more than $100 million in development finance, sees a huge opportunity to fund borrowers that have been left “high and dry” by the banks.

A senior economist has said that the Reserve Bank of Australia is likely to keep rates on hold next Tuesday, in light of yesterday’s “indecisively low” Consumer Price Index result.

A non-major lender has been conducting advanced due diligence on potential acquisition targets as it sees M&A as a key growth strategy in an industry it believes is under the threat of ...

A major bank has said that there are suggestions of a “shift in fundamentals in the property market” after non-residential construction rose to its strongest levels in recent months, while ...

The head of a regional bank has used the group’s AGM to explain why changes in the official cash rate have little to do with the pricing of home loans.