House prices are predicted to climb even higher in Sydney and Melbourne in 2017, albeit at a slower pace than last year.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
One of Australia's largest bank investors believes the big four can maintain their dividends this year, despite the challenges of lacklustre credit growth and stiff competition..
Imagine a $2.1 trillion pile of private savings that is the result of government policies and receives hefty tax breaks, but has no clear objective enshrined in law.
Consumers are spending more on debit cards than credit cards for the first time, as shoppers shy away from racking up debts on plastic.
Key planks of the banking industry's reform plan, including a promise to name and shame bankers who break the rules, are taking longer to implement than expected.
Business chiefs are urging the next NSW premier to continue driving the state's infrastructure boom, crediting Mike Baird's support for big projects with helping to resurrect the state economy to a position of national leadership.
The most aggressive incentive schemes still being used by some banks to boost sales by staff are putting customers at risk of being sold inappropriate products, an industry-funded review has suggested.
Growth in new lending to housing investors has accelerated to its fastest annual pace since early 2015.
National Australia Bank has warned the cost of funding mortgages "absolutely remains elevated," as it and ANZ Bank hiked interest rates on fixed interest rate home loans.
Two major banks have hiked fixed interest rates on home loans, and a senior banker at National Australia Bank says funding costs that drive variable interest rates "absolutely remain elevated."