Economy

A new report by the Reserve Bank of Australia has warned that rising unemployment and household indebtedness could have a severe impact on Australian borrowers.

The banking industry has put its support behind the federal government’s drive to professionalise the financial advice industry.

Advantedge has announced an additional 15-basis-point discount to its owner-occupied loans, signaling the start of price differentiation in the Australian mortgage market.

LMI provider Genworth Mortgage Insurance Australia has attributed a fall in new business to a reduction in high loan-to-value ratio (LVR) lending in the Australian mortgage market.

Almost half of small and medium-sized businesses are finding it harder to manage their cash flow and are more concerned about economic conditions.

More than half of the world’s property investors plan to make more acquisitions in 2015, according to a new survey.

The federal Budget is an opportunity for the government to support the implementation of the Financial System Inquiry blueprint, according to one industry body.

New home sales have reached their highest level since early 2010, according to a survey of Australia’s largest volume builders.

The impact of the federal Budget on Australia’s economy is likely to overshadow the Reserve Bank’s latest rate cut, according to one industry veteran.

Housing has continued to become more unaffordable, with households spending a larger share of their income on mortgage repayments.