Focus on Homeloan Weakens Economic Growth

If banks continue favoring the homeloan sector over lending to business, it would weaken economic growth in the long run, according to NAB.

more 		Focus on Homeloan Weakens Economic Growth
Last updated:
Jun 24 8:35 PM EST

Feature Finance headlines

Housing Costs in Sydney Increasing Credit Cards Debts Surpass Mortgage Repayments Low Interest Rates Lead to Higher Debt

Housing Costs in Sydney Increasing

Credit Cards Debts Surpass Mortgage Repayments

Low Interest Rates Lead to Higher Debt

Price of houses in Sydney is increasing rapidly than expected. This is due to factors such as migration and influx of high income purchasers. Read More

Jun 24 8:35 PM EST

Credit card debts have exceeded mortgage debts for the June quarter, reports the Melbourne Institute's Household Saving and Investment. This new resea... Read More

Jun 17 1:52 PM EST

Financial deregulation and structural declines in interest rates are the main factors pushing many Australian households in greater debt service, acco... Read More

Jun 16 5:16 PM EST
Last updated:
Jun 11 3:29 PM EST

Top Finance headlines

Bank Fee Income Reaches $12.7B

Jun 11 10 3:29 PM EST

$12.7 billion in fee income was made collectively by Australian banks for the last financial year.
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Australian Borrowers Face Greater Risks

Jun 9 10 1:24 AM EST

If interest rates and joblessness continue to rise, Australians are faced with greater financial shock, says report from Standard & Poor.
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Brisbane and Perth, Most Expensive Homes in Australia

Jun 4 10 12:38 PM EST

Brisbane and Perth are the most expensive cities to buy a home in Australia, the Council of Australian Governments Reform Council report shows.
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Interest rates on hold - RBA

Jun 2 10 12:46 PM EST

The Reserve Bank decided today to put on hold any interest rate hike.
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Additional $4000 Grant for First Home Buyers

May 29 10 3:12 AM EST

The Queensland Government will give an additional $4000 grant to first home buyers in areas outside of south east Queensland.
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NAB Satisfaction Picks Up while Westpac Fall

May 27 10 9:19 AM EST

Customer satisfaction survey by Roy Morgan Research shows National Australia Bank (NAB) gaining more customer satisfaction while Wespac is still down.
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Credit Unions Gaining Market Share

May 25 10 10:22 AM EST

One in every ten borrowers are now using a mutual bank for home loan, according to Abacus, the organization representing the Australian mutual sector...
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Perth First Home Buyers Market Down

May 24 10 4:19 PM EST

The end of the first-home owners grant, coupled with unrelenting interest rate hikes concludes into the collapse of Western Australia’s first home buy...
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Queensland First Home Buyers, Lowest in 6 Years

May 21 10 2:55 PM EST

Number of first home buyers in Queensland drops to 13%, the lowest in six years.
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Last updated:
Jun 11 3:29 PM EST

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