Economy

Recent experiments with negative interest rates by central banks could end up doing the global economy “more harm than good”, according to a global investment management firm.

Heritage Bank CEO Peter Lock says the bank has “plenty of appetite to move in the investor space” following solid increases in its profit and loan book for the first half of 2015-16.

A Perth-based mortgage broker says bank staff are increasingly building referral relationships with real estate agents and accountants as competition for home loans heats up.

In the face of persistent financial market volatility, business confidence continues to hold up while conditions have eased, according to NAB.

A proposed increase to the GST on new housing will reduce affordability and cost jobs, the Housing Industry Association (HIA) has warned.

The Real Estate Institute of Queensland (REIQ) has warned that the state would be hit hardest if Labor’s controversial new negative gearing limits were introduced, with many towns that are ...

Rabobank Australia and New Zealand has appointed a new group executive for wholesale banking.

Increasing affordability pressures are continuing to drive the off-the-plan apartment boom in Sydney, with an increasing number of new approvals located outside of the inner city.

ASIC chairman Greg Medcraft has vowed to use his $80 million “war chest” to pursue the manipulation of the bank bill swap rate (BBSW) through the court system.

The level of satisfaction among the major banks’ home loan customers improved in December, according to a survey conducted by Roy Morgan Research.