Economy

Australia could build a record number of homes this financial year after setting its third monthly approvals record in five months.

Industry leaders have warned that the Reserve Bank’s decision to lower the official cash rate today will have serious ramifications for the housing market.

The Reserve Bank of Australia has announced the result of its monthly meeting following a period of intense market speculation.

The Reserve Bank of Australia has announced the result of its monthly meeting following a period of intense market speculation.

A major Australian lender has recorded a significant increase in its residential loan book run-off and below-system mortgage growth in its results for the first half of 2015.

Industry experts are divided on whether the Reserve Bank of Australia will move the cash rate to a new record low.

The Customer Owned Banking Association says opposition is mounting against the government’s proposed deposit levy.

A new report has warned that new mortgages in Sydney and Melbourne are at risk of default when rates eventually rise.

The Reserve Bank of Australia has announced the result of its monthly board meeting.

Fresh figures from the prudential regulator reveal two big banks lost market share over the 12 months to March.