Handing out taxpayer funded money to first time new home buyers comes with unintended consequences. Not least of which is that it tends to drive up the price of new homes.
According to the Department of Industry, Innovation and Science, coal export values should reach $67 billion in total in 2018–19. But that vast amount of wealth is at risk from climate warriors, intent on putting an end to Australia’s coal industry.
Australian Paper’s Maryvale mill in the Latrobe Valley has announced a $600 million deal with waste management group Suex, which will see the paper mill being powered by Victoria’s waste products.
At 4pm today the final report of the Banking Royal Commission will be released. The commission’s conclusions and recommendations are likely to have far-reaching consequences for Australia’s financial industry.While we wait, let’s look at some key areas.
There’s a lot of uncertainty swirling about the US economic outlook, Fed Chairman Jerome Powell said the case for raising rates had ‘weakened’. The US central bank has lowered its previous forecast in favour of further tightening, Mr Powell said in a statement.
In December, the national unemployment rate slightly fell, but while it was part-time jobs that lowered the figure, the federal Labor party eagerly pointed out that less people had full-time employment.
Senior property research analyst for Domain, Nicola Powell put previous declines down to rising interest rates or economic changes, but suggests that the current fall comes from potential buyers’ restricted access to credit.
The current population of Australia is a bit over 25 million. ANU asked more than 2,000 adults whether they believed the country needed even more people. Just 30.4% — or around three out of 10 people — were on board with further population growth.
It’s too soon to call Australia’s tumbling dwelling prices a full-blown crash. But with house prices in Sydney and Melbourne falling in 2018, the picture isn’t rosy.
Now, as lending in the housing market falls below its 10-year average, Treasurer Josh Frydenberg is urging banks to start approving home loans.
What happened to gold’s safe haven status? In short, it’s because of US interest rates. Gold isn’t going to be a safe haven while inflation remains low and the Fed is on a tightening path.
From 2012 into recently, we’ve seen the greatest net worth bubble ever! It’s reached a staggering 524% of GDP…we’re rich!
With so much happening in the world right now, and global stocks on the cusp of a bear market, it’s a perfect time for The Rum Rebellion to launch.
As you know from the royal commission into bad banking behaviour, the banks are now clamping down on irresponsible lending. That’s leading to lower credit growth.
Many homeowners have been hoping the Reserve Bank of Australia (RBA) will come to their rescue by cutting interest rates below the current record low 1.5%. But they’re likely to be disappointed.
We’ve been given detailed information regarding our country’s newest addition — F-35A Joint Strike Fighters. And yesterday, the first two landed in Newcastle.
You may not recall much from 1989–91. But if you were a home owner in Sydney, you likely lost sleep during those years as you watched your home’s value plummet. Now Sydney is on track to beat that ruinous record.
As surely as night follows day, any mention of reducing Australia’s high-level immigration intake, to address its skyrocketing population, will see vested interests shout down the idea.
We’ve been warning that crude was overpriced since April. And it all comes down to a massive supply of oil coming from the world’s top three producers — the US, Saudi Arabia, and Russia.
The 2017 Melbourne Cup long weekend saw $39.4 million in commercial accommodation spending, $56.9 million in retail spending — from dresses, to fascinators, to hair and makeup products — and $27.1 million spent on food and beverages.
2018 has seen the beginning of the downturn for housing demand and prices. QBE Insurance released data on Thursday, forecasting a fall in the price of units. They expect a 2.1% fall for Melbourne and 3.1% fall in Sydney.
Dick Smith has recently kicked up a mini-firestorm about online travel booking agents (OTAs) engaging in monopolistic practices. He is largely right…
The supposedly ‘great minds’ down at The Age and the Grattan Institute seem to think two rather wrongheaded things. The first is that we don’t need major infrastructure projects. Apparently, they’re nothing but election-time vote grabs…
When it comes to an abundance of natural resources, Australia is a world leader. And it’s not just coal, gold, iron ore and natural gas. No, Australia is also rich in lithium. You may have followed the lithium story over the past few years.
If you drink alcohol, smoke tobacco, drive a car, or plan to visit a doctor this year, the Australian Bureau of Statistics has some bad news for you.
At the end of the day, there is no getting around the fact that Aussie companies paying a 30% tax rate will be operating at a disadvantage to their foreign competitors who pay far lower taxes.
If you live in Victoria, CommSec’s latest quarterly ‘State of the States’ economic report contains same good news…and some not so good news.
Australians have been targeted in more than 300 major data breaches this year — with hackers and criminals getting access to the private data of hundreds of thousands of people.
Last week The Australian Tribune reported that Perth had decided the city needs facial recognition technology in its CCTV cameras. We were unsure why at the time. And we remain unconvinced of the need for this privacy eroding measure today.
The cost to everyday Australians of meeting the Paris Accord emission reductions continues to grow. While any tangible benefits remain unknown…at best.