Economy

APRA chairman Wayne Byres has expressed his disappointment at the Australian banks’ recovery plans in the event of a property market crash following a stress test by the regulator.

The Reserve Bank has revealed that an increasing number of owner-occupiers are opting for interest-only loans to increase repayment flexibility.

A wholesale funder has cut its variable-rate home loans by 10 basis points.

A non-bank lender has waived its annual fee and slashed rates on $250,000-tier home loans.

Australia’s largest regional lender is going after a bigger slice of the residential mortgage market with a renewed focus on third-party distribution.

The prudential regulator has warned banks that their reliance on mortgage brokers can lead to additional risk and levels of exposure beyond a lender’s risk appetite.

As Australian lenders brace for the Financial System Inquiry’s final report later this month, expectations are high that the rules of the game may change – making continued growth an even ...

One of the big four banks has announced unaudited cash earnings of approximately $2.3 billion for the three months to 30 September. 

The Australian Bureau of Statistics has released a statement about the issues identified in its seasonally adjusted labour force estimates between July and September.

The regulatory uncertainty from the Financial System Inquiry, likely increased impairment charges in the future and structural and technological changes are putting pressure on the ...