Economy

One of Australia's non-major banks has announced it will increase its variable mortgage rates.

Following ASIC surveillance, Westpac will write to more than 10,600 insurance customers and offer to refund any premiums paid for insurance cover they did not need.

QBE has outlined the impact that investor demand will have on Australian residential property markets over the next 12 months.

A Queensland-based credit union has won top honours for its home loan products as part of Mozo’s People’s Choice Banking Awards.

Three classes of Pepper's non-conforming residential mortgage-backed securities (RMBS) have been assigned AAA ratings by Standard & Poor’s (S&P).

The mortgage market could soon welcome new lenders offering an alternative to the major banks by using credit scores to provide risk-based pricing on home loans.

The federal government’s response to the Financial System Inquiry will improve stability across the nation’s banking system, according to industry super fund-owned bank ME.

Property prices in Australia’s regional resource hubs have dropped by up to 74 per cent over the past three years, new research has revealed.

The International Housing Association (IHA) has issued a worldwide call to improve housing affordability during its 2015 interim meeting held recently in Canada.

A global asset manager has urged SMSF investors to carefully consider large allocations to banks, with Australia in the grips of a “debt-charged housing boom” and the banks potentially ...