Economy

Plummeting commodity prices and weak economic growth are expected to put further downward pressure on borrowing rates, according to a leading economist.

Australia’s labour market ended 2014 on a positive note, according to figures released by the Australian Bureau of Statistics.

Australia’s largest customer-owned financial institution lent its customers a record $1.8 billion in the second half of 2014.

An Australian regional lender has been voted Australia’s favourite business bank, according to customer satisfaction research by Roy Morgan Research.

A new player in the Australian mortgage market has announced plans to double its Sydney office to 40 brokers following a strong first year.

A new report has revealed a slight increase in housing loan arrears during November 2014 for both prime and sub-prime residential mortgage-backed securities (RMBS).

The federal government has been urged to deal with seven unresolved issues concerning the responsible lending rules.

The World Bank has lowered its growth forecast for the global economy for the third consecutive quarter amid fears that a fragile recovery will become overburdened by significant risks.

People are taking on more debt and are becoming more comfortable with being in the red, according to research by RaboDirect.

The Australian dream of home ownership carries a $1 million price tag for many, according to research by comparison website finder.com.au.