As house prices continue to rise, first home buyers have been searching for cheaper homes away from city centres, a new survey shows. Research by Bankwest-Mortgage and Finance Association of Australia (MFAA) found that of the 850 people surveyed, 47.9 percent of first time buyers are now looking to purchase a cheaper property than they […]
NSW shoppers have been spending up big this Christmas in comparison to last year, official Australia Bureau of Statistics data reveal. NSW shoppers have spen an extra $12 million per day compared to last year – a 10.2 percent increase. NSW Treasurer Eric Roozendaal said in a statement on Wednesday that he was confident retailers […]
Treasury secretary Ken Henry’s proposed tax reforms will help to strengthen the economy in the long term, according to a prominent business lobby group. Australian Chamber of Commerce and Industry chief executive Peter Anderson said the Federal Government has a once-in-a-decade opportunity to make sweeping changes in a major reform of the tax system, claiming […]
It has been an interesting first year for the newly launched Dynamic Business Online. Since relaunching in January, we have worked hard to bring you a website that is informative, interesting, engaging and useful.
House prices are tipped to grow about five or six percent in 2010, according to some of the nation’s top housing analysts. Australia’s house prices grew 6.2 percent to September 2009, the latest Australian Bureau of Statistics data reveal, while investor demand and upgrader demand picked up in the last few months of 2009. BIS […]
Members of Generation Y are finding it hard to be accepted for a home loan as a result of their job-hopping tendencies, a new report has found. Data collected over the last six months by mortgage broker Loan Market Group found that more than one in 10 mortgage applications from the Generation Y age group […]
Rumours are abound that the Australian tax system is set for a major overhaul, after Treasury boss Ken Henry spent 18 months reviewing the current system. According to reports, Henry is expected to recommend the Government scrap many of its 125 taxes, which could see wealthy Australians lose lucrative tax breaks covering work expenses, and […]
Australia’s superannuation funds seem to have recovered from the global financial crisis and are on track for further growth in 2010. Research consultants SuperRatings say the median balanced super fund option grew 1.3 percent in November, the eighth positive monthly return in the past nine months. Managing director Jeff Bresnahan expects total returns for calendar […]
Despite climate change talks in Copenhagen being branded a ‘failure’, Climate Change Minister Penny Wong has vowed to press ahead with the Government’s emissions trading scheme (ETS). Senator Wong said Australia must take action to build on the outcome of the climate summit and will press ahead with plans to reintroduce the ETS legislation in […]
Christmas trade will be well below the expectations of Australian retailers this year, according to the executive director of the Australian Retailers Association, Russel Zimmerman. Zimmerman said that shoppers will spend almost $39 million this Christmas, but will be more cautious with their money. “We think the Christmas trading will be up but we don’t […]
