Economy

Lenders are being warned about the enforceability of loan guarantees following a surprising legal result in a case before the NSW Supreme Court.

For the first time ever, Australia’s largest credit union has been assigned an A3 credit issuer rating, reflecting its focus on low-risk residential mortgages and mutual ownership structure

Debtor finance specialist Bibby Financial Services has increased its maximum funding limit on progress claim finance to $1.5 million.

Consumer satisfaction has improved across the big four banks but remains behind the mutual sector, according to Roy Morgan Research.

Forget about Sydney becoming a million-dollar city – new data suggests its median house price has already passed $1.1 million.

A former economic adviser to the prime minister has warned that it is increasingly likely Australia will suffer a significant housing correction.

Loan Market chairman Sam White says the Reserve Bank’s decision to hold the cash rate steady at yesterday’s monthly board meeting will not lessen the concern around the Sydney market.

A lack of money discipline is preventing many Australians from achieving their financial goals, according to new research by industry super fund-owned bank ME.

The Reserve Bank of Australia has announced the result of its monthly board meeting amid a climate of rising house prices and sluggish growth.

The Reserve Bank of Australia has announced the result of its monthly board meeting amid a climate of rising house prices and sluggish growth.