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The latest housing industry statistics show that the market has turned a corner and is on it's way back up again.
The number of new housing loans is at 13-month highs, lifting by 4.9 per cent in March. Loans for new construction jumped 13.9 per cent to stand at 5,565 – a seven year high.
First home-buyers account for over 27...
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Global economic crisis provides franchises with impetus to improve.
The FCA's SA State Conference provided the foundations for articles in the Advertiser (Adelaide) recently which highlighted some of the key points made at the conference.
Although the financial crisis is having an effect on most businesses, it is also providing...
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Peak retail industry body the Australian Retailers Association (ARA) said the 2.2 percent growth in retail turnover for March was in line with predictions and showed signs of slow recovery as cashed-up consumers re-entered the market without guilt.
ARA Executive Director Richard Evans warned against an over-reaction to the March...
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Despite all the speculation and fear-mongering in the media over the last few months, Australia's economy continues to defy expectations - unemployment actually went down in April!
Here are the numbers:
Employment rose by 27,300 in April. Employment has only fallen only five times in the last 22 months - reflecting the fundamental...
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Work is well underway on key projects underpinning the Rudd Government's Economic Stimulus Plan.
Senator Arbib, the Rudd Government's Parliamentary Secretary for Government Service Delivery, says the stimulus package is having a positive effect; cushioning our economy and small businesses from the worst of the global...
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The Minister for Employment Participation, Mr Brendan O'Connor today announced overall results for the tender of the Rudd Government's $4 billion new employment services to be named Job Services Australia: People, Skills and Jobs.
Providers for Job Services Australia will begin operation from July 1. There will be a 12 month...
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According the CommSec, the much-promised building recovery has finally arrived with a rash of new commercial and apartment projects approved by local councils.
Dwelling approvals rose by 7.8 per cent in February, the biggest gain in 10 months, and driven by a 31.5 per cent surge in apartment approvals.
Commercial building approvals...
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The unemployment rate will rise but Australia may well get through the global economic crisis without the big job losses seen in previous downturns, a leading expert told an economic outlook breakfast in Sydney this morning.
Output growth is probably close to zero but Australia is also likely to avoid a severe recession,...
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The latest CommSec Economic Insights reports acknowledges that while it's not all rosy on the employment front, there is definitely some great things happening. The number of long-term job seekers is now lower than a year ago – in fact, down by 5 per cent.
"The fact that more long-term jobseekers are actually finding work...
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The Reserve Bank’s Financial Stability Review has highlighted the strong position of Australia’s banking system, saying it is well placed to weather current challenges.
According to the latest CommSec report, "Banks are well capitalised, while profits are high, loan arrears remain low and lending standards have not...
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Rejection is necessary...
