Economy

A new investment tax measure designed to cool the red-hot Auckland market isn’t the answer to slowing the Sydney boom, according to an economist.

One of Australia’s leading banking executives has warned that digital technology is set to revolutionise the industry in highly unpredictable ways.

The Federal Reserve is poised to increase its official cash rate for the first time in almost seven years.

The Western Australian government has warned brokers of online scamming after consumers were defrauded by a scheme involving a Perth brokerage.

Australian regulators could be keeping a close eye on New Zealand after new investor rules were introduced by its central bank to combat a “growing housing market risk”.

A mortgage broking association has urged the appointment of a federal housing minister, which it says will help make property more affordable.

Westpac has reported a surge in consumer sentiment, which the bank describes as a “very strong result”.

Reserve Bank deliberations suggest another interest rate cut may be coming in the months ahead.

Negative gearing probably has a “detrimental effect” on housing affordability but the impact on rental affordability is unclear, according to a federal inquiry.