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Economy

Business confidence hits two-year low

NAB’s ASX300 business survey for the fourth quarter of 2014 found confidence levels fell to their "weakest" point since 2012, falling 13 points to -3.

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Momentum builds for back-to-back rate cuts

The property market might be about to get another shot in the arm, with a substantial number of economists forecasting a rate cut tomorrow.

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Govt warned that real estate reforms could prove costly

The federal government has been accused of solving a problem that doesn’t exist after announcing a crackdown on foreign buyers.

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Andronicos confident of Firstfolio turnaround

Firstfolio’s new chief executive is confident that the troubled mortgage group is beginning to see the benefits of restructuring.

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FHB share jumps 2.2 percentage points

New data has revealed a big increase in new buyers in 2014, suggesting the first home buyer problem may be less concerning than once thought.

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Record amount of housing entering market

Australia is set to build a record number of homes this financial year – and almost 35 per cent more than three years earlier.

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Small banks ask govt to invest $3m in reforms

The Customer Owned Banking Association has called for funding to be allocated in the May federal Budget to implement recommendations from the Financial System Inquiry.

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PM threatens imprisonment in foreign buyer crackdown

Tony Abbott has outlined a range of new fees and penalties that would make life harder for foreign real estate investors.

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Acquisition to boost branded loans for non-bank

One of Australia’s largest non-bank lenders has recorded a surge in branded home loan settlements over the six months to 31 December 2014.

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Accountants call for loan guarantee scheme

The Institute of Public Accountants (IPA) is urging the federal government to introduce a state-backed loan guarantee scheme for small business.

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