|
Good news for the property market - the number of new housing loans rose by 6.4 per cent in December.
According to the Commsec Economic Insights report, first home buyer interest picked up substantially, with 14,154 contracts being signed in December – up 21.3 per cent on a month ago and the best result since December 2001.
The report...
|
|
Read More ...
|
|
The latest labour force statistics released by the ABS show that while companies are hiring less, they aren't actually firing much. Employment rose by 1,200 in January reversing fully the job losses noted in December. Employment has now risen for 15 out of the last 19 months. Full-time jobs were in demand with 33,700 positions filled,...
|
|
Read More ...
|
|
Better weather, and significantly increased prices for grain crops helped push the overall value of Australia's agricultural production to $44.6 billion (up by 24%) for 2007-08 - according to preliminary figures from the Australian Bureau of Statistics (ABS).
Cereal and other grain crops had the biggest increase - up by 41% ($25 billion) - as...
|
|
Read More ...
|
|
The Reserve Bank released a Statement on Monetary Policy today that states that Australia's economic growth will slow considerably, but the government's stimulus packages and interest rate cuts should insulate Australia from a recession.
According to CommSec, the Reserve Bank has significantly downgraded economic growth over the coming year....
|
|
Read More ...
|
|
Peak retail industry body the Australian Retailers Association (ARA) is calling on consumers to inject funds back into the economy after the RBA's interest rate cut of 1.0 percentage point and the Federal Government's Household Stimulus Package were announced today.
ARA Executive Director Richard Evans said the RBA and the...
|
|
Read More ...
|
|
Peak retail industry body the Australian Retailers Association (ARA) said retailers felt the affects of the Rudd Government’s stimulus package with shoppers spending $6.5 billion dollars on post-Christmas sales from Boxing Day through to late January exceeding original projections of $6.3 billion.
ARA Executive Director...
|
|
Read More ...
|
|
Despite the challenging economic climate, almost nine-tenths (88%) of Australian privately held businesses remain optimistic about their relationship with their current lender, and over a third (34%) are confident that their access to finance will not change over the next 12 months, according to new research.
7,200 businesses...
|
|
Read More ...
|
|
To help support Australian jobs, the Rudd Government will establish a $4 billion Australian Business Investment Partnership.
This $4 billion Partnership is a temporary contingency measure to provide liquidity support to viable major commercial property projects in Australia.
The Partnership will support the commercial property assets of...
|
|
Read More ...
|
|
The sharp depreciation of the Australian dollar has allowed Australian exports to be a lot more competitive in the world market, according to the Commsec Economic Insights report released today.
Overall exports have recorded the largest annual increase in over 34 years and most of the credit should go to the falling Aussie dollar. It's...
|
|
Read More ...
|
|
Put it down to cheaper petrol prices, lower interest rates or the Government’s stimulus package, but there is mounting evidence of an improvement of consumer spending behaviour.
According to the latest CommSec Economic Insights report, the latest piece of information indicates that mobile phone sales in December were higher than a year...
|
|
Read More ...
|
It's about choices...
