Economy

ING Direct has announced that it will increase its variable mortgage rates for owner-occupiers and investors.

The chief executive of a big four bank says the Australian housing market has ‘sound fundamentals’ but admits the group will continue to monitor ‘particular pockets’ more closely.

Mortgage and wealth group Centrepoint Alliance has appointed a new director and chairperson to its board after undertaking a renewal process over the past 18 months.

Business confidence rose further in October to reach its highest level since November last year, new data has revealed.

Australia is “not entirely the master of its destiny” when it comes to bank capital ratios, with international developments set to dominate talks between the regulator and industry, ...

The Customer Owned Banking Association (COBA) has welcomed a report by professional services giant KPMG which highlights the mutual sector’s solid growth and encouraging prospects.

Four classes of Firstmac’s prime residential mortgage-backed securities (RMBS) have been assigned AAA ratings by Standard & Poor’s (S&P).

The head of a national real estate group fears that a serious default issue is on the horizon for the thousands of Australians buying off-the-plan properties.

The managing director of a regional bank says there is no need for the group to raise capital despite its decision to follow the majors in hiking variable mortgage rates.

A non-bank commercial mortgage provider has collaborated with Costa Asset Management in a proof of concept to employ investment capital for loans to SMEs via a proprietary loan management ...