Economy

Australia has some of the world’s most expensive construction markets, although the tide is starting to turn, an international report has found.

While all eyes have been on the unfolding situation in Greece, it is China that poses the greatest threat to the global economy, says one economist.

Marketplace lender DirectMoney has announced it is about to list on the Australian Stock Exchange as it looks to disrupt the personal lending space.

Australians who buy expensive local properties from foreigners will have to withhold 10 per cent of the payment under proposed new rules.

Vow Financial is set to benefit from a transaction between an ASX-listed mining company and an expanding real estate group.

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.