Markets
Finance warning House prices at risk of ‘sharp correction’
THE white hot Melbourne property market has increased the risk of a “sharp correction” in house prices across Australia, a global ratings agency warns.
Credit relief Triple treat as Australia bypasses credit downgrade
AUSTRALIA has held onto its coveted triple-A credit rating from Standard & Poor’s — but the agency has again warned it may not last.
Commercial Property High street hooroo as tenants quit in droves
FLAT consumer spending and a lack of shopper convenience are forcing an increasing number of retailers to quit the high street.
Duel Britannia Aussie slumps as Britain heads to polls
THE Australian dollar is spiralling towards a seven-month low against the pound after British Prime Minister Theresa May called a snap general election.
Regulator ready APRA: We’re just warming up
APRA chairman Wayne Byres says the banking regulator may take further steps in its efforts to ensure higher-than-normal cautiousness in residential mortgage lending.