Economy

A new report has found that the number of first home buyers who experience mortgage stress has climbed drastically over the last six months.

Mortgage Choice CEO John Flavell has backed the federal Treasury’s view that credit card providers are exploiting “consumer inattention” to keep interest rates higher than necessary.

Melbourne has recorded a higher clearance rate than Sydney, as well as the national average, for the fifth consecutive week.

New land releases in a capital city’s fringe, aimed at reducing housing undersupply and affordability issues, could hurt investors in the region.

A new report by Canstar has found that two of the big four banks offer the best value low-doc loan products in a market that has traditionally been the speciality of non-bank lenders.

AMP Limited has announced the appointment of Holly Kramer as a non-executive director of its board.

The Australian Retail Credit Association (ARCA) has welcomed peer-to-peer lender RateSetter as its newest member.

Last week S&P Global Ratings announced that it lowered its ratings on class B notes in Interstar Millennium Series residential mortgage-backed securities (RMBS) transactions, while as ...

The World Economic Forum and Deloitte have identified 11 clusters of innovation that are transforming the structure, provision and consumption of financial services.

An Australian real estate identity is urging the Victorian government to introduce stamp duty tax breaks for home owners aged over 70 due to the problems stamp duty creates for those wishing ...