Economy

The Reserve Bank of Australia has made its final interest rate decision of the year at its monthly board meeting.

The Reserve Bank of Australia has made its final interest rate decision of the year at its monthly board meeting.

An Australian technology entrepreneur is among a handful of investors who have forked out $100 million to fund a local business that will take on the big banks.

A listed online real estate group, which boasts James Packer as one of its largest shareholders, has announced a major partnership as it looks to enter the home loan market.

RBA governor Glenn Stevens has seemingly ruled out a cut to the official cash rate today, according to HSBC Global Research.

Bank of Queensland (BOQ) has appointed a former general manager of CBA and HSBC Bank Australia as its new non-executive director.

An Australian challenger bank has conceded that a contraction in margins forced lenders across the industry to reprice their investor home loans earlier this year.

Housing affordability in Australia has deteriorated significantly over the 12 months to October 2015, increasing the risk of delinquency and default.

Australia’s leading economists have expressed their fears for off-the-plan property following speculation that a default crisis could be on the horizon.

The governor of the Reserve Bank of Australia has predicted that global interest rates will remain low for the better part of the next decade.