RBA rate cuts ‘may have to wait’: March employment data smashes expectations
Despite Australia’s unemployment rate rising 0.1% points to 5%, employment growth in March was relatively strong, surprising many economists.
April 18, 2019
Australia’s top 20 residential building hotspots revealed
A new report has identified Australia’s top 20 strongest growth markets for home building in 2019, with Melbourne suburbs dominating the list.
April 17, 2019
RBA: Cash rate cut ‘appropriate’ if unemployment rises amid stagnant inflation
Members of Australia’s Reserve Bank Board are strongly considering the prospect of cutting the cash rate should Australia’s economy experience rising unemployment in the absence of rising inflation.
April 16, 2019
86 400 ‘one step closer’ to launching its first home loan
Would-be bank 86 400 is readying the launch of its home loan offering after securing national distribution with a major mortgage broker network.
April 15, 2019
Only 15% of consumers think the Federal Budget will improve their finances
Despite promising significant tax cuts, most consumers don’t expect the Australian Government’s 2019 Federal Budget to have a positive effect on their finances over the next 12 months, according to a survey.
April 10, 2019
House prices to fall further, consumer spending to remain weak: NAB
House prices in Australia are likely to fall further and keep consumer spending levels down, according to NAB economists.
April 09, 2019
Woolies now captures over one-third of Aussie grocery spend
Supermarket giant Woolworths increased its share of the grocery market to 34% in 2018, according to new data.
April 05, 2019
Majority of Aussies think Labor’s property tax changes will increase rents
A new survey has revealed 52% of Australian voters believe housing rents will rise if the Labor Party’s proposed changes to negative gearing and capital gains tax are legislated.
April 04, 2019
Consumers ‘cautious’: March new car sales slip
Amid an increasingly uncertain economic climate, Australian sales of new vehicles in March were down 7.1% on last year, according to the latest figures.
April 03, 2019
RBA remains deadpan on interest rates: Cash rate held at 1.50%
To no surprise, Australia’s central bank has held the cash rate unchanged for the 29th meeting in a row at 1.50%, leaving no clues as to whether this stance will change in the near future.
April 02, 2019
