Australian Prudential Regulation Authority chairman John Lonsdale says he is open to changing bank rules on home loans if the economy deteriorates to ensure banks do not ‘‘choke off’’ credit and make the fall in house prices worse.
As 2022 draws to a close we are reminded of the recent period of intense volatility in capital markets and the reality that a global recession is likely next year.
Members of embattled super fund EISS could be forced to pay penalties levied against its board of directors, after the industry fund’s union.
The Chinese authorities’ drift on managing bad debts feels eerily like the impending subprime crisis in 2008.
The great house price correction has begun: the all-regions (metro plus non-metro) national dwelling value index published by CoreLogic declined by 0.1 per cent last month.
Mortgages These five options show how you can save $35,000 over two years by making the right choice. Duncan Hughes reports.
The Reserve Bank damaged its credibility by miscalculating the inflationary effects of the pandemic, acting too slowly to tame rising prices.
Property Supply chain shortages are creating headaches for builders.
