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Economy

PwC flags recession risk

Professional services giant PwC has warned that Australia faces the risk of a recession in the next three years as economic headwinds increase.

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NSW moves to regulate peer-to-peer economy

The New South Wales government has moved closer to implementing a "flexible" regulatory framework for the peer-to-peer economy, arguing that it will drive innovation and fuel start-ups ...

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Decline in new home sales continues

Multi-units are largely to blame for a third consecutive monthly decline in new home sales, according to a new report by the Housing Industry Association (HIA).

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Mortgage arrears on the rise: S&P

For the first time in six months, the portion of Australian housing loans in arrears have increased for prime and non-conforming residential mortgage-backed securities (RMBS).

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Foreign investors eye new hotspot

One Australian state is about to experience a surge in foreign investment in residential real estate, according to a respected property survey.

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ING Direct CEO announces retirement

The chief executive of one of Australia’s largest mortgage lenders has announced he will retire after 24 years with the bank.

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Govt calls out housing affordability issues

One of the country’s most senior politicians has used a keynote speech to identify solutions to the housing affordability problem.

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Real estate group scraps IPO

A multi-state group that planned to secure a backdoor listing on the ASX this month has been forced to cancel its plans.

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Economist flags 'major downside risk' as housing activity peaks

As consumer confidence falls and housing activity passes its peak, one leading economist has expressed his concern for the Australian economy.

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31 suburbs see house prices skyrocket

New sales data has revealed the massive price growth some suburbs throughout Australia experienced in 2015.

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