Economy

Sep 29 2020

The Prime Minister has announced that the federal government will invest nearly $800 million to help businesses digitise, including developing a new digital identity system, and more money ...

Sep 29 2020

The lender has announced the retirement of a long-serving non-executive director.

Sep 29 2020

Auction volumes increased in Melbourne last week, but the high withdrawal rate indicates a reluctance to test the market during lockdown, according to CoreLogic.

Sep 28 2020

Purchasing property is one of the top two savings goals for younger Australians, but a lack of financial knowledge is impeding them from entering the market, according to research.

Sep 28 2020

The majority of Australian businesses intend to invest in analytics to automate decision making around credit over the next 12 months, according to a report.

Sep 25 2020

Housing affordability pressures have intensified for first home buyers in five of Australia’s major capitals, who now require more time to save for a 20 per cent deposit, according to new ...

Sep 25 2020

ASIC has directed fund managers to do more to remain “true to label” after finding that funds labelled as cash had assets other than cash such as mortgages and fixed income securities.

Sep 24 2020

A spike in credit provisions and COVID-related charges has triggered a 16 per cent fall in Heritage Bank’s earnings, offset by asset and deposit growth.

Sep 23 2020

The central bank has left the door open to further reductions to the cash rate but has maintained its stance on negative interest rates.