Economy

One of Australia’s big four banks has invested $16.5 million in a young digital mortgage service after recognising “its potential to become a serious player in the home loan market”.

Investors looking to get on the property ladder or diversify their portfolio can now buy part of a house or property for under $100, following the launch of a new platform that allows ...

One of the big four banks has refunded approximately $9.2 million to 161,414 customers following a failure to waive fees over a six-year period.

Public spending and housing helped boost Australia’s GDP by 0.5 per cent in the second quarter of 2016 and 3.3 per cent year-on-year, according to the latest national accounts.

Amid increasing broker concerns over “crazy turnaround times” on home loans, the head of one of Australia’s largest mortgage lenders has said that the turnaround time on mortgage products is ...

Regulatory action since the GFC has reduced the systemic risk posed by the 'interconnectedness' of financial entities, but more remains to be done, argues incoming RBA governor Philip Lowe

Treasurer Scott Morrison has named the new deputy governor of the Reserve Bank of Australia, filling the vacancy created by Philip Lowe's promotion to governor.

The managing director of a non-major lender says M&A activity in the mutuals space is “inevitable” and has revealed the bank’s future acquisition plans. 

Fresh figures have revealed that the current low interest rate environment continues to drive demand for fixed rate home loans, which accounted for 20.32 per cent of all loans written in ...

An esteemed American economist and Nobel Laureate says slow growth and the climbing capital shortfall of international financial groups poses a serious risk to the global economy.