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Economy

High unemployment to continue

The Reserve Bank has forecast continued levels of elevated unemployment and slower economic growth over the coming years.

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Analysis: Repricing investor mortgages

APRA’s plans to rebalance the mortgage market are likely to involve costlier mortgages for property investors.

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COBA names new chief executive

An industry veteran with proven lobbying skills has been appointed head of the Customer Owned Banking Association.

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Non-bank founder passes

The board of directors and employees of an ASX-listed lender have noted with great sadness the passing over the weekend of their chairman.

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Don’t blame overseas investors, says major bank

NAB has dismissed the widespread belief that foreign investors are driving up property prices in the local market.

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Investor market continues to thrive

Record-low rates and rising home values are continuing to draw investors into the market, according to RP Data.

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Chinese credit boom to hit Australia hard: S&P

A severe downturn in the Chinese economy will cause ripple effects across the Asia Pacific region, with Australia to come off worst.

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Countdown to potential financial sector reforms

David Murray has revealed that he will soon provide an update about the Financial System Inquiry.

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Mortgage demand sluggish in September

Demand for home loans remained relatively flat for the second consecutive month, new data from the Australian Bureau of Statistics has revealed.

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Non-major to sell mortgage portfolio

Australia’s fifth-biggest lender is looking to offload its non-branded mortgages.

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