Economy

The Reserve Bank of Australia (RBA) has indicated that it will likely keep interest rates on hold until August in the minutes from the June RBA board meeting.

BIS Shrapnel is forecasting Sydney house prices to increase up to 20 percent by 2013, with other capital cities due to increase similarly over the period.

Australia’s unemployment rate has edged further lower, falling to 5.2 percent in May in figures released by the Australian Bureau of Statistics today.

Westpac–Melbourne Institute’s Consumer Sentiment Index slumped a further 5.7 percent in June after falling 7 percent in May, with interest rate pressure starting to mount on consumer’s confidence.

New South Wales is the first state government in Australia to introduce zero percent stamp duty, but with limitations and a two year trial period.

Tourism Australia’s ‘There’s Nothing Like Australia’ campaign has received positive feedback from potential visitors overseas with data from online monitoring firm Webtrends showing that 70 percent of social media feedback was by people who liked it. Despite being accused of too stereotyped and dated, the campaign had a 64 percent positive response rate from the […]

More than two-thirds of private companies believe the global economy is on the recovery path, according to a poll conducted by global consultancy KPMG. Seven from 10 businesses surveyed not only believed in the recovery but even more were planning to expand their businesses, with two-thirds looking to hire more staff. Many were also preparing […]

Growth in the construction industry continues to slow concludes the Australian Industry Group/Housing Industry Association Performance of Construction Index for May.

National Australia Bank (NAB) and Australia and New Zealand Bank (ANZ) held secret talks in 2008 to merge, but plans were scuttled by the Federal Government The Australian reports.

The Reserve Bank of Australia (RBA) did as expected by analysts at its monthly board meeting today deciding to leave the official cash rate unchanged at 4.5 percent.

The Greens have surged in support in the latest Newspoll, stripping votes from both the Labor and Liberal parties and capturing 16 percent of the primary vote to the delight of Greens leader Bob Brown.

House sales in NSW crashed 9.6 percent in April according to the HIA, with buyers reacting strongly to successive interest rate increases from the RBA.

Mortgage owners can breathe a sigh of relief with the Reserve Bank unlikely to raise interest rates above the current 4.5 percent in the RBA’s monthly board meeting tomorrow.

Opposition Leader Tony Abbott has admitted that unless the words coming from his mouth are scripted, that voters cannot trust him to tell the truth.

Australia’s population growth is set to slow over the next two years, with overseas students and long-stay visa holders forecast to stay away says BIS Shrapnel.

Kevin Rudd’s Labor party could lose an election held tomorrow concludes the latest Nielsen poll, with the Liberal Party equal with Labor in two party preferred figures.

Australia’s construction sector is up again in April according to the Australian Industry Group Housing Industry Association Performance of Construction Index.

Perth based ISP iiNet is expecting full-year earnings to be at the higher end of its guidance range, it has revealed at the Macquarie Securities 2010 Australian Equity Conference.

Australia is set to continue its strong resources lead economic recovery, returning to levels of prosperity not seen since the beginning of 2008. At least for resource rich states like Queensland and Western Australia concludes the latest Business Outlook report from Access Economics.

New South Wales has come in dead last in a new report by CommSec measuring the economic activity state by state across Australia.