Economy

Following CBA's decision to reduce home loan rates this afternoon, another major bank has today announced it will reduce its variable rate on all new and existing variable rate home loans.

Commonwealth Bank has responded to the Reserve Bank of Australia’s (RBA) cash rate decision by reducing interest rates for home owners and small business while increasing term deposit rates

The Reserve Bank of Australia has delivered the decision of its monthly board meeting.

A new report from BIS Shrapnel has warned that slowing population growth and an oversupply of apartments will pave the way for a 50 per cent fall in home building activity.

The Reserve Bank is likely to cut the official cash rate to a new low when the board meets today, according to a financial comparison website.

The Reserve Bank of Australia will be under “huge pressure” to cut the official cash rate on Tuesday following the release of the June quarter inflation figures last week, according to an ...

Pepper Money has reduced rates by up to 50 basis points for some of its mortgage products, while also offering same-day approvals. 

New figures reveal that unit construction has reached an all-time high in three states, while unit completions have fallen for the second consecutive quarter.

One non-major bank is expected to cut its dividend payout ratio as rising bad debts, economic uncertainty and falling margins present considerable headwinds.

Although momentum has eased slightly, a recent survey by NAB has revealed that business conditions remain well above the long-term average.