Economy

Australia’s central bank has raised the extraordinary possibility that property prices in Sydney and Melbourne have not yet responded fully to ultra-low rates.

More than half of SMEs do not have a plan in place when it comes to exiting their business, according to a study by one accounting firm.

Fresh findings from the Property Council of Australia show strong demand for office space in Sydney and Melbourne has driven the average national vacancy rate down.

MyState Bank has successfully priced a debt issue that it says will strengthen the bank’s capital reserves and allow it to maintain strong loan growth.

The Commonwealth Bank has been recognised as the highest-ranked commercial organisation in Australia for consumer privacy by a global financial advisory group.

There are 13 places throughout Australia where house prices have at least doubled in the past five years.

Credit ratings agency Moody’s Investors Service says the outlook for New Zealand’s banks are “Aaa stable” based on healthy capitalisation, asset quality and profitability.

Over half of financial services executives have identified environmental, social and governance (ESG) issues as the top concern over the next decade, according to a new survey by BNP Paribas

A new app designed by a non-major bank aims to reduce the amount of time and money consumers spend searching for a home.

The head of one lender has described APRA’s continued efforts to reduce investor lending as “ineffectual”, suggesting the moves are satiating short-term political will rather than developing ...