Economy

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

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

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

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

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

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

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

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

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

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