Economy

Fresh figures have revealed that business conditions bounced back significantly last month.

The prudential regulator has warned Australian banks that inaccurate reporting of mortgage data has serious ramifications for monetary policy and financial stability.

The head of a national real estate network has warned that “mums and dads” who paid deposits on multiple off-the-plan properties could be at risk if valuations fail to match prices.

Liberty Financial has been assigned an AAA rating for three classes of its residential mortgage-backed securities (RMBS).

New figures show that vacant land prices increased across every state capital city in 2015, with four experiencing double-digit growth.

Credit Union Australia will launch a new loan origination system in 2016 following a year of record home lending.

New figures from the Australian Bureau of Statistics show that the volume of new home loans for owner occupiers declined significantly during the first month of 2016.

The Reserve Bank of Australia has reaffirmed that it is continuing to monitor developments in the housing market “very closely”.

Negative sentiment surrounding the reporting season is “overdone”, with banks delivering solid balance sheets and capital ratios, according to Morningstar.

With a tax ruling in the works to assist taxpayers in understanding the terms “alteration, extension or improvement” of a property, one industry lawyer is lobbying the ATO to be wary of the ...