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Economy

Unit approvals soar in January

New data on housing approvals has revealed the changing nature of Australia’s real estate market.

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'Further rate cuts won’t encourage buyers'

Mortgage Choice chief executive Michael Russell claims we will soon reach a point at which further rate cuts will fail to stimulate demand for property.

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RBA rate announcement

The Reserve Bank of Australia has announced the result of its monthly board meeting.

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RBA rate announcement march cut

The Reserve Bank of Australia has announced the result of its monthly board meeting.

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RBA to cut cash rate today

One major bank's chief economist is confident the RBA will lower the official cash rate later today after he correctly forecast a rate cut last month.

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Foreign buyer fee won’t curb demand

A Melbourne buyer’s agent believes a federal government proposal to charge foreign buyers an application fee each time they buy property in Australia will not tackle the ‘seismic’ changes in ...

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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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