Home building activity suffers big slump

Building approvals have plummeted over the past year, with South Australia and Tasmania the only states to defy the trend.

Westpac unveils basic, low-rate credit card

1 in 6 borrowers suffering from mortgage stress

The amount of mortgage stress in Australia is significant but declining, Roy Morgan Research has revealed.

Sales of new motor vehicles climb 4.9%

One of Australia’s key economic indicators has performed quite strongly over the past year, new data has revealed.

How safe is the money I put in a bank?

Depositing your money with an Australian lender is about as safe an investment as you could make.

Authorities on alert about housing market

Developments in the housing market pose a “key risk” to the economy, Treasury secretary John Fraser has warned parliament.

3 in 4 migrants move to NSW and Vic

NSW and Victoria are by far the most popular states for migrants, helping explain why the Sydney and Melbourne property markets are performing so strongly.

Car loan provider slugged $11m for lending violations

Motor Finance Wizard will pay more than $11 million to address concerns about its lending practices.

Banks warned about housing crash

S&P Global Ratings has reduced its credit rating for 23 lenders due to “an increased risk of a sharp correction in property prices”.

Is the cheapest home loan always the best?

We all want to pay as little for our mortgage as possible, but it would be wrong to assume that lower-rate products are automatically better.