Economy

Non-bank lender Firstmac has priced a $600 million residential mortgage-backed securities issue in a transaction that is $100 million larger than its previous one.

One of the nation’s largest mutual lenders has described how its model helped borrowers without the “negative consequences of the profit-maximising culture of the four major banks”.

Sydney ranks fourth among global cities most at risk of a housing bubble, recent research has revealed.

Relying on two incomes to repay home loans presents “a potential risk [of] ‘mortgage stress’”, new research has suggested.

One of the big four banks has completed and upsized its capital notes, raising almost $1.7 billion of additional capital.

The Reserve Bank of Australia should be getting more help from the government in trying to boost the economy, a chief economist has emphasised.

The fact that many Australian banks failed to pass on the full interest rate cut to their customers in August “wasn’t unexpected”, the Reserve Bank of Australia’s new governor-elect, Philip ...

Mortgage arrears rose by four basis points to 1.14 per cent in the second quarter of 2016, which one ratings agency has said may be due to “high underemployment”. 

Housing affordability, a planning system in need of reform and connecting new infrastructure with development are among the “toughest challenges for a growing Sydney”, a residential forum ...

The latest ABS demographic statistics show that Australia’s population broke through the 24 million mark during the first quarter of 2016.