Economy

The Reserve Bank of Australia has kept the cash rate on hold at 1.75 per cent after last week’s stronger GDP figures calmed fears about low inflation.

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

ME is the latest bank to impose lending restrictions on foreign buyers, following recent moves by other non-majors as well as the big four.

A new report has warned that property investors could be hit by a severe housing downturn if credit growth moves into negative territory.

The Reserve Bank of Australia will keep the official cash rate on hold at 1.75 per cent, according to HSBC – with last week’s stronger GDP figures likely to calm fears about low inflation.

Bank of Queensland (BOQ) has announced the resignation of a non-executive director who was a key figure in the group’s partnership with Virgin Money.

Investors have been warned that the rapidly changing nature of the real estate market and data reporting could derail their portfolio growth.

Rabobank Australia has appointed its deputy chief executive as the non-major bank’s new head.

Only one of the five mainland states experienced growth in detached house sales during April, following a strong rise in March, according to figures by the Housing Industry Association (HIA)

Companies within the UK financial services sector could be forced to relocate to mainland Europe if British voters decide to leave the European Union on 23 June, according to an Australian ...