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Breaking News
Obama fiscal package to boost US economy: Fed
by Staff Reporter • 14 Jan 2009
The US Federal Reserve believes that the incoming US president will breathe fresh life into the economy but more may...
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December 08 mortgage sales up on 07: AFG
by Staff Reporter • 14 Jan 2009
Sales data released by AFG yesterday has painted an encouraging picture for the mortgage industry.
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Australia's AAA rating affirms sound finances and resilient economy
by Staff Reporter • 14 Jan 2009
While global economic conditions are widely tipped to worsen in 2009 Australia remains well-placed to ride the storm.
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Global economic outlook for 2009 weak: OECD
by Staff Reporter • 14 Jan 2009
The outlook for the global economy looks set to remain gloomy for most of 2009 according to a leading index released...
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Government urged to review FHOG boost before removing
by Staff Reporter • 13 Jan 2009
The Real Estate Institute of Australia (REIA) has prepared a pre-budget submission to the Commonwealth government...
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Industry commentators warn of property price drop ahead
by Staff Reporter • 13 Jan 2009
Australia is likely to be spared the hammering experienced by the US and UK property markets but the domestic industry...
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G10 confident of global recovery in 2010
by Staff Reporter • 13 Jan 2009
While the outlook for the global economy in 2009 looks decidedly grim the G10 is confident 2010 will see a significant...
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CBA invests in RP Data
by Staff Reporter • 13 Jan 2009
The Commonwealth Bank has purchased a six per cent stake in valuations provider RP Data.
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Fewer job ads placed as economy slows
by Staff Reporter • 13 Jan 2009
Data released by ANZ has revealed a sharp fall in the number of newspaper job advertisements fuelling fears that...
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In the papers
by Staff Reporter • 12 Jan 2009
It’s a buyers market for rural property in 2009, The Australian Financial Review reported today.
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Economist tips falling commodity prices to hit Australia hard
by Staff Reporter • 12 Jan 2009
While Australia’s strong farming and resources sectors have enabled the economy to sidestep any sharp slowdown...
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US job losses worst since WWII
by Staff Reporter • 12 Jan 2009
The unemployment rate in the United States hit a 16 year high in December of 7.2 per cent according to US Department...
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Upped FHOG hits the mark
by Staff Reporter • 12 Jan 2009
More than 5000 first home buyers applied for the beefed-up first home owner grants (FHOG) in the first full month of...
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Building slump supports argument for further rate cuts
by Staff Reporter • 9 Jan 2009
Building approvals recorded a massive 12.8 per cent decline in November in what was a blow to the ailing housing...
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Suncorp rating downgraded
by Staff Reporter • 9 Jan 2009
Suncorp will face higher funding costs after its banking operations were downgraded by Standard & Poor’s...
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High-end Adelaide property set for gains
by Staff Reporter • 9 Jan 2009
A leading real estate agent believes professionals, ‘old money’ and expats will position Adelaide’s...
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World economies must unite to combat crisis: Rudd
by Staff Reporter • 9 Jan 2009
Prime minister Kevin Rudd has urged global economies to work together should they want to tackle the global financial...
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UK rates cut another 0.5pc
by Staff Reporter • 9 Jan 2009
The Bank of England has cut the cash rate to just 1.5 per cent as its economy faces an ever worsening situation.
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Half of brokers unprepared for new year
by Staff Reporter • 8 Jan 2009
Despite challenging market conditions ahead the indications are that little over half of Australia’s brokers...
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New construction continues to contract
by Staff Reporter • 8 Jan 2009
Construction activity registered a further decline in December 2008 as the economic crisis and a lack of credit...
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Economic uncertainty weighs on consumer spending
by Staff Reporter • 8 Jan 2009
Falling interest rates, lower fuel prices and the $10 billion government handout have failed to boost consumer...
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Rate cuts and incentives fail to boost new home sales
by Staff Reporter • 8 Jan 2009
New home sales recorded a disappointing decline in November despite interest rate reductions and first home buyer...
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Prime arrears remain steady
by Staff Reporter • 8 Jan 2009
Australian borrowers remain largely on top of their commitments despite a worsening economic environment according to...
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Upbeat borrowers bode well for lending activity
by Staff Reporter • 7 Jan 2009
Contrary to the pessimism of some pundits Australian households are managing the economic downturn reasonably well and...
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US home sales slump to new low
by Staff Reporter • 7 Jan 2009
Pending home sales in the United States have fallen to their lowest level in seven years and a further weakening...
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