Home price growth collapses in May
New home price growth has collapsed across Australia in May, with annualised capital growth rates on existing housing in their second month of single digit growth.
Economy
New home price growth has collapsed across Australia in May, with annualised capital growth rates on existing housing in their second month of single digit growth.
Job vacancies fell in May by 2.8 percent from February to 164,600 in the latest ABS data, with public sector vacancies collapsing 12.3 percent over the same period.
NSW Labor under the leadership of Premier Kristina Keneally is polling worse than when former Premier Nathan Rees was pushed from the job in December last year.
The Western Australia Chamber of Commerce and Industry says businesses confidence has plummeted since the end of March in it’s June quarter business confidence survey.
Australia’s banks may find themselves forced to cut discounts on home loan rates to avoid having to increase their standard variable home loan rates outside the RBA’s changes.
Julia Gillard has come under fire for refusing to elevate the Minister for Small Business, Craig Emerson into Cabinet in her Cabinet re-shuffle today.
Treasurer Wayne Swan has been forced to defend the Labor Party’s moves to oust former Prime Minister Kevin Rudd through caucus dealing at the G20 conference in Toronto, Canada.
Queenslanders can expect to pay on average $2.05 more per week under new pricing from Queensland Urban Utilities in the South East Queensland region.
Not surprising this week’s blog is about our new PM. But not about whether she will be good or bad. I will leave that for the political pundits.
New housing construction is set to stall across Australia, with the brakes applied to the post-GFC recovery after a significant tightening of monetary policy by the Reserve Bank of Australia.
Holden has announced the company is gearing up for the return of a second shift at the company’s Elizabeth Park plant in November to coincide with production of the Holden Cruze.
Western Power’s operational plan for 2009-2010 will only be finalised in 2010-2011, giving rise to fears of blackouts in Western Australia.
Caltex has forecast profits to plummet by 50 percent in the first half 2010 as a result of continued volatility in Australia’s exchange rates.
The June quarter 2010 ACCI-Westpac Survey of Industrial Trends showed a marked softening of manufacturers’ General Business Sentiment for the second half of 2010.
Julia Gillard has ousted Kevin Rudd as Prime Minister of Australia after a 9am Labor caucus meeting which saw Ms Gillard elected unopposed after Kevin Rudd stood down.
Water prices in NSW are set to increase by up to 73 percent after IPART released its determination over the prices the NSW State Water Corporation can charge.
VicRoads has finalised contracts with Theiss to construct Victoria’s M80 Ring Road Upgrade between the Calder Freeway and Sydney Road, worth $623m to Theiss.
While the Federal Government’s Paid Parental Leave scheme passing through the Senate yesterday marked a historic day for women in Australia, critics say the Paid Parental Scheme doesn’t go far enough.
Vertex, a UK IT giant will set up Australian operations in Ballarat Victoria after John Brumby’s Government reportedly paid the company an undisclosed sum to set up there.
The Westpac–Melbourne Institute Leading Index, which forecasts the likely pace of economic activity three to nine months into the future, delivered an annualised growth rate of 7.6 percent for April.