New data from Moody's shows Perth mortgage delinquency rates are the highest in Australia, despite the capital city also holding one of the highest average incomes in the country.
Perth's house values will decline for another year but are tipped to recover in 2019, a report released today has found, conflicting with an ANZ analysis from earlier this week that predicted further house price falls for the state in the next two years.
Perth continues to take out the title of Australia's most affordable capital city when it comes to buying houses and apartments, driven by lower property prices and low interest rates, a report released today has found.
Western Australia has retained the highest home loan delinquency rate in the country for the third straight year despite an improvement in 2017, with some of Perth's northern suburbs among the worst performing in Australia, according to ratings agency Moody's.
Moody's Analytics is forecasting continued weakness in Perth's residential property market this year but a return to positive growth in 2019, with Perth's western suburbs and Mandurah tipped to be the best-performing regions.
The combination of lower property prices, low interest rates and small increases in household incomes has made housing affordability in Perth the best it has been for 10 years, and the best of any
The ASX closed 47 points lower after shares in Australia's big four banks were hit by a long-term credit ratings cut by Moody's, due to risks associated with the local housing market.
Quintis has suffered its fourth credit ratings downgrade within a month, after the troubled Indian sandalwood producer on Tuesday revealed more operational and financial issues.
Ratings agency Moody's says Australia's triple-A credit rating remains intact but has expressed doubt about the federal government's timetable for reducing the budget deficit.
Ratings agencies Moody's and S&P have downgraded the debt of agribusiness Qunitis, while private equity fund Black Rock revealed it had taken a 5.1 per cent stake in the company.
The new bank levy has opened a Pandora's box that leaves Australia's biggest financial institutions exposed to even higher costs in future, according to a leading industry analyst.
A research collaboration between CoreLogic and ratings agency Moody's has predicted a turnaround in Perth's depressed property market this year, with a 2.8 per cent rise in detached house values foreshadowed.
Western Australia has led the rise in national home loan delinquencies, with the state's rate climbing to its highest on record, ratings agency Moody's says.
Outback Western Australia is the worst-performing property market in the nation, according to a new report by ratings agency Moody's, which also found housing prices in Perth have fallen by 8 per cent since peaking in December 2014.
Perth is now the only capital to record a year-on-year fall in house prices, and was the weakest-performing city in the three months to November, according to new data.
Heavy earthmoving equipment supplier Emeco Holdings has shrugged off a credit rating downgrade from Fitch Ratings, with managing director Ian Testrow saying the market should focus on the big picture of the company's merger and restructuring plan.
Ratings agency Moody's has downgraded the outlook for Australia's banking system, warning that a challenging environment could hit banks' bottom lines and leave them more at risk to external shocks.
Telstra will be challenged to replace all earnings lost to the National Broadband Network when the rollout of the NBN is completed, says credit ratings agency Moody's.
Australia's prized AAA credit rating could be at risk if post-election political paralysis damages the federal government's capacity to manage budget deficits, the key global ratings agencies have warned.
Growth in Perth's housing market within the next six months has been foreshadowed in a report compiled by CoreLogic RP Data and ratings agency Moody's.
An increase of the small business tax threshold to $10 million and a reduction of the company tax rate to 27.5 per cent from July 1 is the first step in a plan to hit a rate of 25 per cent in a decade, Treasurer Scott Morrison said in his first budget.
Ratings agency Moody's has kept the federal government's credit outlook stable at AAA, despite raising concerns thar governments of both stripes had been unable to reduce spending or achieve fiscal consolidation.
BHP Billiton says it remains committed to maintaining its strong balance sheet through the commodities downturn, after ratings agency Moody's downgraded its rating for the global miner.
Ratings agency Moody's has downgraded Western Australia's credit rating to Aa2, reflecting an ongoing deterioration in the state's finances and concern that the government will be unable to meet its own spending targets.
The outlook on Western Australia's AA+ credit rating has been downgraded from stable to negative, with Moody's Investor Services saying the government needs to fortify its commitment to budget improvements.
Peak Resources says it has received an investment proposal from International Finance Corporation, which wants to join a consortium with Appian Natural Resources Fund in its $US25 million funding deal.
