Economy

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 ...

Professional services giant KPMG believes that calls to broaden the GST base to financial services miss the fact that financial institutions already pay GST via input taxation.

Demand for fixed-rate home loans has continued to decline after hitting a four-year low in September.

More than two-thirds of Australians believe the housing market could suffer a significant correction in values, a new survey has revealed.

Reserve Bank governor Glenn Stevens has played down the impact of the recent out-of-cycle rate hikes by the banks.

A confluence of factors will combine to create a tough backdrop for major bank boards and senior management teams over the coming years, according to professional services giant KPMG.