Economy

Negative gearing encourages “speculative investment” and poses a “systemic risk” to the economy, argues the Financial System Inquiry's final report.

The Financial System Inquiry has recommended a number of significant changes in its final report in an attempt to boost competition.

Sentiment towards rates has shifted in recent weeks with almost all banks now confident the Reserve Bank will cut the cash rate next year.

A large amount of Bluestone’s business has been dedicated to helping customers in need of credit repair since the firm's return to the third-party channel in 2013.

The much anticipated final report from David Murray’s Financial System Inquiry (FSI) has urged the government to prohibit certain SMSF borrowing arrangements.

Allied Finance has announced the appointment of Mark Caddy as its new managing director.

Australia’s second biggest mortgage lender has opened its first sub-branch in the Shanghai Free Trade Zone (FTZ).

Outgoing Westpac chief executive Gail Kelly has been nominated for Morningstar’s 2014 CEO of the Year award.

More Australians have given up on buying property, with triple the number of first home buyers preferring to rent than commit to a mortgage.

Property is becoming less affordable for Australians, according to a report by Adelaide Bank and the Real Estate Institute of Australia.