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Falling interest rates, low vacancy rates in many areas, rising rents and market uncertainty are pointing to profitable times ahead for property investors – if they buy now – says leading television property expert and investor Chris Gray.
“Now could be the best time to buy investment property...
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According to CommSec Economic Insights report released today, the construction industry is well positioned to support the Australian economy through 2009.
As at the end of September 2008, a record $96.8 billion of residential, commercial and engineering work was waiting to be completed, almost triple the levels of five years ago.
Here are...
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The Australian housing market seems to be performing better than all the doom and gloom in the media indicates - figures for November 2008 that were released today show the number of new housing loans rose by 1.3% and the number of first home buyers signing contracts rose 17.8%.
According to the CommSec Economic Insights report, the concerted...
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Peak retail industry body the Australian Retailers Association (ARA) said after very slow November Christmas sales, the Rudd stimulus package helped Christmas sales skyrocket in the last weeks of December to meet early projections of $37 billion nationally in retail sales.
According to ARA Executive Director Richard Evans, a two...
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According to the latest Gallup International Voice of the People survey, conducted from October to December 2008, Australians are feeling more positive about the future than most of their international counterparts.
Despite all the negative media coverage, Australians are feeling secure about their employment - 81% of currently employed...
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Peak retail industry body the Australian Retailers Association (ARA) has advised against an overreaction to the low 0.1 percent increase in November 2008 retail trade trends and remained optimistic growth would begin to return to the sector by April 2009, with significant recovery expected through the September 2009 quarter.
ARA...
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The calendar year has ended, with the stock market recording its worst year in nearly 25 years, falling 15%.
Shock waves have been coming in thick and fast in financial markets throughout the year, brought on by the ‘sub prime’ crisis in America and the dramatic collapse of local stock values, creating a domino effect on the nearly...
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To start the new year on a positive note, here is some of the good news about the Australian economy from 2008 from the CommSec Economic Insights report released on December 31st:
Interest rates
If you are paying off a home loan, the year 2008 certainly ended on a positive note. Variable housing rates fell to 6.74 per cent – the...
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On a bright note for the end of 2008 - interest rates are currently sitting at a generational low. According to the latest Economic Insights Report from CommSec, now is a great time for borrowing money. Here are the statstics:
Australian borrowers would have to go back to the times of their fathers or grandfathers find...
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The Government is introducing a temporary investment allowance to encourage Australian businesses to undertake capital investment.
According to Treasurer Wayne Swan, this measure will allow businesses to continue to plan positively for the future.
"By boosting business confidence and encouraging business investment, this measure will...
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