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Economy

Small business package tipped to provide housing boost

The Abbott government's second Budget could provide further stimulus to the record building boom that is currently occurring.

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Price pressures forecast to persist despite building boom

Australia will build 41 per cent more homes in 2014/2015 than three years ago – yet the country is still facing a supply shortage.

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Economist flags surge in mortgage 'churn'

A Westpac senior economist has highlighted a steep increase in mortgage 'churn' following the release of the latest housing finance figures.

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RBA report highlights credit risks

A new report by the Reserve Bank of Australia has warned that rising unemployment and household indebtedness could have a severe impact on Australian borrowers.

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Banks committed to financial advice reforms

The banking industry has put its support behind the federal government’s drive to professionalise the financial advice industry.

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Owner-occupiers receive additional rate cut

Advantedge has announced an additional 15-basis-point discount to its owner-occupied loans, signaling the start of price differentiation in the Australian mortgage market.

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Genworth loses new business as LVRs drop

LMI provider Genworth Mortgage Insurance Australia has attributed a fall in new business to a reduction in high loan-to-value ratio (LVR) lending in the Australian mortgage market.

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SMEs bearish about cash flow and sales

Almost half of small and medium-sized businesses are finding it harder to manage their cash flow and are more concerned about economic conditions.

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Sydney a top target for global investors

More than half of the world’s property investors plan to make more acquisitions in 2015, according to a new survey.

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Budget key to restoring consumer confidence

The federal Budget is an opportunity for the government to support the implementation of the Financial System Inquiry blueprint, according to one industry body.

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