Investor loans slump in April as lending tightens
Loans to property investors fell five per cent in April, breaking a six-month upward trend, suggesting recent efforts by regulators to curb loans is working.
Stock Ticker
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- AIO ASCIANO LIMITED 0.28%
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- AMP AMP LIMITED -0.82%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -0.68%
- APA APA GROUP 0.68%
- ASX ASX LIMITED -0.48%
- AZJ AURIZON HOLDINGS LIMITED 1.64%
- BHP BHP BILLITON LIMITED -1.34%
- BXB BRAMBLES LIMITED -0.35%
- CBA COMMONWEALTH BANK OF AUSTRALIA. -0.72%
- CCL COCA-COLA AMATIL LIMITED 0.06%
- CPU COMPUTERSHARE LIMITED. 0.00%
- CSL CSL LIMITED 0.00%
- CTX CALTEX AUSTRALIA LIMITED 0.17%
- DXS DEXUS PROPERTY GROUP 0.45%
- GMG GOODMAN GROUP 0.28%
- GPT GPT GROUP 0.09%
- IAG INSURANCE AUSTRALIA GROUP LIMITED -0.09%
- IPL INCITEC PIVOT LIMITED 1.15%
- JHX JAMES HARDIE INDUSTRIES PLC -1.69%
- LLC LENDLEASE GROUP 0.07%
- MGR MIRVAC GROUP -0.99%
- MPL MEDIBANK PRIVATE LIMITED -0.94%
- MQG MACQUARIE GROUP LIMITED -0.77%
- NAB NATIONAL AUSTRALIA BANK LIMITED -0.73%
- NCM NEWCREST MINING LIMITED 1.47%
- ORG ORIGIN ENERGY LIMITED 2.78%
- ORI ORICA LIMITED 0.15%
- OSH OIL SEARCH LIMITED 1.76%
- QAN QANTAS AIRWAYS LIMITED 2.73%
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- STO SANTOS LIMITED 2.60%
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- SYD SYDNEY AIRPORT -0.63%
- TCL TRANSURBAN GROUP -0.08%
- TLS TELSTRA CORPORATION LIMITED. -1.17%
- VCX VICINITY CENTRES 0.31%
- WBC WESTPAC BANKING CORPORATION -0.23%
- WES WESFARMERS LIMITED 2.03%
- WFD WESTFIELD CORPORATION -0.84%
- WOW WOOLWORTHS LIMITED -0.16%
- WPL WOODSIDE PETROLEUM LIMITED 1.06%
Key Stories
Markets Live: Break for mining rally
Live
Shares sink as miners reverse course, while energy shines.
Swisse shines for new Chinese owner
The Swisse vitamins business has triggered a fivefold jump in profits for its new Chinese owner as sales climb 60 per cent in January-March.
Ultra-wealth will see their fortunes climb
By 2020, millionaires will control more than half of the world's wealth as their fortunes grow faster than everyone else's, global report predicts.
How healthy is your workplace?
When James Karki finally found a job working for a restaurant for just $5 per hour, he felt like he was treated like a slave.
Qantas headed for more capital returns
The airline, which could complete a $500 million on-market share buyback by the end of this week, looks increasingly likely to return more cash to investors in August.
$A could head towards US80 cents
The Australian dollar could head back towards US80¢ if the policy stances of the Fed and the RBA begin to converge again, experts say.
- Workplace Relations Boards: Women battle 'hostile culture'
- The Economy 'Insipid': World Bank slashes forecast
- Retail Kathmandu chasing takeover costs
- Mining and Resources Rio Tinto in $4b buyback
- Media & Marketing Inside Seven's start-up strategy
Market Indices
Last updated: June 8, 2016 - 1:17PM
Last updated: June 8, 2016 - 1:17PM
Last updated: June 8, 2016 - 1:17PM
Last updated: June 8, 2016 - 1:17PM
Societe Generale rogue trader wins $685,000 compo
Jerome Kerviel never denied making billions of euros of unauthorised trades at Société Générale, but he's now won $685,000 in compensation for unfair dismissal.
In Depth
A 'clear case of corporate greed'
A service freely available at libraries is soon to cost you at least $100.
Burberry CEO takes 75% pay cut
Burberry's embattled chief Christopher Bailey took a 75 per cent pay cut last year as the UK's largest luxury-goods maker struggled for growth.
Playboy mansion sells for $US100m
The Playboy Mansion is under contract for more than $US100 million. The buyer: a 32-year-old son of a billionaire who owns the property next door.
Workplace
LinkedIn: the golden rules
It's not Facebook, and the rules are different on LinkedIn.
Women won't battle 'hostile culture'
A leading businesswoman predicts quotas for company boards are looming.
Markets
Minority government would hit market confidence
Stagnant earnings growth would get worse under a minority government, analysts say
Oil soars in commodities 'renaissance'
Analysts are calling a "renaissance" in commodities after oil climbed to a 10-month high overnight and as iron ore prices jumped further above the US$50-a-tonne threshold.
Tesla investor sees $US700b market cap
Billionaire investor Ron Baron predicted that Tesla Motors will become one of the biggest companies in the world over the next decade or two
- S&P; 500 edges higher, near all-time high
- Chinese investors front-run the dumb money
- Oil closes above $US50 in New York
- need2know: ASX set to open lower
- World Bank pares global growth forecast
- Iron ore glut shows no sign of easing
- Shell pares spending amid energy price slump
- German 10-yr bond yield drops to record low
$A soars as RBA holds rates at 1.75 per cent
Search Quotes & Charts
The Economy
RBA's vote of confidence in Turnbull
This is one of the oddest endorsements you'll see this election campaign.
RBA rings house price warning – again
The RBA's jawbone has just been re-applied to those who want to speculate on housing. You've been warned.
Retail
Woolworths faces Home hardware hijack
Woolworth's bid to stitch up a clean sale of its profitable Home Timber & Hardware operation could be scuppered by a group of the franchise network's most powerful merchants.
Surfstitch co-founder seeks return as losses loom
Justin Cameron, the former chief executive of online surf wear retailer SurfStitch is keen to return to the company he co-founded eight years ago but has been rebuffed by the board.
Banking & Finance
ASIC to build 'sandbox' for fintech start-ups
An ASIC consultation paper released on Wednesday follows a 'regulatory sandbox' proposal by Treasurer Scott Morrison in the May budget.
Societe Generale rogue trader wins $685,000 compo
Jerome Kerviel never denied making billions of euros of unauthorised trades at Société Générale, but he's now won $685,000 in compensation for unfair dismissal.
Mining & Resources
Oil Search 'confident' on deal approval
Oil Search CEO Peter Botten says he is "confident" of shareholder support for his $US2.2 billion-plus takeover deal for InterOil.
Clough rebukes LNG producers
Clough's new chief executive has told gas producers that putting the screws on contractors is not the answer to cost hurdles for new projects.
World Business
Burberry CEO takes 75% pay cut
Burberry's embattled chief Christopher Bailey took a 75 per cent pay cut last year as the UK's largest luxury-goods maker struggled for growth.
Playboy mansion sells for more than $US100m
The Playboy Mansion is under contract for more than $100 million. The buyer: a 32-year-old son of a billionaire who already owns the property next door.
Consumer Affairs
Is Australia in the middle of an egg shortage?
Australia is set to suffer through an egg shortage for the next two months, as producers scramble to meet new free-range laws.
A 'clear case of corporate greed'
A service freely available at libraries is soon to cost you at least $100.
Featured advertisers
Property Focus
Brutalism no obstacle for Woods Bagot fit-out
Woods Bagot had been in its Southbank office for 10 years. While the view of the Yarra from the building's domed ceiling was impressive, the office required updating.
Vending machines are the new retail frontier
Lovers of Moët & Chandon champagne will soon be able to have their own AbFab​ moment, with plans advanced to have a vending machine full of bubbles in Australia.
OECD warns of Aussie property demise
The Organisation for Economic Co-operation and Development sees a 'dramatic and destabilising' end to Australia's property boom.
Macquarie Park looks to new developments
Illawarra land sales tipped to exceed $50m
Industrial property is seen as one offering substantial growth which has triggered the sale of seven sites in Illawarra, with an anticipated combined value of at least $50 million.
Executive Style
Who wants a home beer machine?
So-called 'Nespresso of beer' can pour your own brew in just seven days.
Money
Can showbiz teach financial literacy?
The premise of Money Monster is all too plausible and it says a lot about financial literacy.
Accountants using offshore outsourcing
Would you expect your accountant to outsource your tax return to a cheap outfit overseas?
Small Business
Cafe refuses to be defeated by storm
After this week's storm trashed his seaside café, one man is on the long slow path to rebuild.
Gold for small business at the Olympics
It's not just athletes who need to get into shape for the Rio Olympics.
Business Video
IKEA outlines e-commerce test
Australia to be the testing ground of multinational retailer IKEA's expansion into online shopping, set to begin by Christmas.
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Comment & Analysis
RBA's vote of confidence in Turnbull
Contains:
total comments20
This article contains a video.
Farmers call for chairman's head
Contains:
This article contains a video.
James Packer's not so Happy Valley
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This article contains a video.