Economy

This week’s Budget may have killed off the chance of another rate cut, with industry figures cautiously optimistic about the impact it will have.

The number of owner-occupied mortgage commitments has hit its highest level since September 2009.

The Abbott government's second Budget could provide further stimulus to the record building boom that is currently occurring.

Australia will build 41 per cent more homes in 2014/2015 than three years ago – yet the country is still facing a supply shortage.

A Westpac senior economist has highlighted a steep increase in mortgage 'churn' following the release of the latest housing finance figures.

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.