Existing interest-only borrowers subsidised the big banks' revenue to the tune of more than a billion dollars over the past year after they were hit with a "synchronised" rate rise by the big four.
Unlicensed finance companies that offer to fix your bad credit rating or manage your debt will face a senate inquiry this week, amid claims they've been charging exorbitant fees for little or no service.
Australian regulators should be drafting contingency plans for a collapse in house prices, with a "hard landing" looming as a key risk to the wider economy, the OECD warns.
Australia is rapidly edging towards the sharpest downturn in property prices since the last recession. And new data reveals some neighbourhoods are feeling the pain much more than others.
Yesterday's GDP figures showed consumers were dipping into savings to buy things, but the latest retail data shows they are at least still buying despite the income squeeze.
Australia is in a property downturn that rivals 1989 — when interest rates were 17 per cent, unemployment was rising and the economy heading for recession. So why is the market so weak in the midst of economic good times?
The Reserve Bank leaves official interest rates on hold at a record low 1.5 per cent for the 26th consecutive RBA board meeting.
National accounts data out this week are expected to show the economy slowed in the three months to September. So have things peaked, or is there still another leg up?
There is no requirement for Australian medical practitioners to disclose the benefits they receive from private interests such as medical device manufacturers, but Daniel Fleming — who has been a paid consultant for a breast implant manufacturer — argues that has to change.
With a steadily climbing deficit and no sign of spending slowing down, a new report shows the Territory's economic ditch is deepening.