Economy

Australia’s second-largest credit union has announced a record net profit after tax, as well as strong sales and portfolio growth in the FY15/16. 

Consumer confidence has fallen in the last week, although it remains “high by historical standards”, a new report has revealed.

A senior economist has said that home ownership is likely to drop considerably by 2021, which is a “major issue” and will have “significant social and financial consequences”. 

The number of Australian housing loans in arrears has declined in July for the second consecutive month, new research has found.

Twenty-five per cent of Aussies fear their credit score could prevent them from getting a loan or credit card, according to a new survey by finder.com.au.

The US Federal Reserve is likely to raise the Federal funds rate by 0.25 per cent at its September meeting, according to BondAdviser.

A senior economist has predicted that the magnitude of excess supply in cities like Melbourne is likely to drive “significant increases in vacancy rates” over the next 12 months. 

Vacant land grew in value and price across most capital cities over the past year, with Sydney and Melbourne price increases rising in excess of those for home values, new research has found

A leading aggregation business is recruiting for a new CEO, following the news that the current CEO will step down as the business integrates with another company.

The number of apartments being built in Australia at the moment is “theme park scary” and could result in “the greatest apartment boom of all time”, according to a senior economist