News

The Abbott Government’s financial systems inquiry head David Murray says Australia needs to introduce limits on borrowing.

The country’s biggest mortgage broker, AFG, has reported a 16 per cent jump in the value of home loans processed last month after interest rates were cut quarter of a per cent back in February.

The RBA surprised a few pundits yesterday when they left interest rates unchanged at 2.5 per cent.

The Federal Government has proposed hitting foreign buyers with steep application fees every time they want to buy property in Australia, and there are concerns about what it will do to foreign investment.

When our economy is sluggish and it needs a kick along the best way to initiate activity is to cut interest rates right? Wrong, according to one of Australia’s leading economists.