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Unit rents in Australian cities plummet to record lows
January 14, 2021 06:20 PM AEDT| By Edita Ivancevicand international students not being able to arrive in Australia in high numbers. Metropolitan cities of Sydney and Melbourne experienced record falls in unit rents, registering a 5.1 per cent dip in the December financial quarter due to travel....
What drove private sector house approval to 21-year high in November
January 14, 2021 02:17 PM AEDT| By Team Kalkine MediaContinuing the upward streak, private sector house approvals shot up for fifth straight month in November, clocking a 21-year high. The number of dwellings approved surged 2.6 per cent in November, supported by strength in Queensland and South Aust.....
How is Australian Property Market Tipped for 2021?
January 14, 2021 10:22 AM AEDT| By Team Kalkine MediaThe year 2021 may not pave as tumultuous a journey for housing prices as 2020. The Australian housing market experienced severe blows in the first half of the pandemic due to job loss and lack of adequate immigrants. Due to the demand shock to the .....
Job vacancies rise 23% in November quarter, beat pre-COVID levels
January 13, 2021 01:26 PM AEDT| By Team Kalkine MediaJobs vacancies in Australia rose by 23 per cent in the November 2020 quarter amid easing coronavirus-induced restrictions. The job vacancies were 12 per cent higher than November 2019 on an annual basis, according to the latest data from the Austra.....
Government is providing over $2 million under BRII
January 12, 2021 04:06 PM AEDT| By Hina ChowdharyAustralia’s Industry Science and Technology Minister Karen Andrews has launched the latest round of funding for Business Research and Innovation Initiative (BRII). Source © Kalkine Group 2021 The Government will provide grants .....
Planning to buy a property? Five questions to ask real estate agent
January 12, 2021 08:35 AM AEDT| By Team Kalkine MediaBuying a property is a demanding game since high stakes are involved in the process. The whole process can be tested both on psychological and financial fronts. It becomes all the more tricky when you are dealing with a real estate agent. Even as e.....
A sneak peek at Sydney’s new building projects
January 11, 2021 08:34 PM AEDT| By Edita IvancevicImage Source: Shutterstock The construction industry in Sydney was besotted with great difficulties in 2020, courtesy the coronavirus pandemic. However, the approval of multibillion-dollar projects in Sydney, New South Wales is expected to stave off...
Dry weather across northern hemisphere hits wheat production, Is Australia in a sweet spot?
January 11, 2021 04:39 PM AEDT| By Team Kalkine MediaAustralia wheat is set to land far beyond China as the Russian and European supply chains are taking a hit. Dry weather has hurt top growing regions in the northern hemisphere; however, the condition across Australia has been conducive with widesprea...
Why Australian retail sales rose in November 2020
January 11, 2021 01:30 PM AEDT| By Team Kalkine MediaAustralia’s retail sales surged 7.1 per cent in November 2020, against a rise of 1.4 per cent in October 2020, as the domestic economy steadily rebounded amid the coronavirus pandemic. The preliminary data had anticipated the retail trade to .....
Households Gain Benefits from Tax Offsets, Consumer Spending Boosts
January 11, 2021 09:59 AM AEDT| By Kunal SawhneyThe new government tally shows that almost 8 million workers had an extra $760 million in their pockets over the past six months with COVID-driven tax cuts playing a central role in it. Tax cuts kicked-in across the continent as a part of a plan to...
US loses 140,000 jobs in December 2020
January 11, 2021 09:38 AM AEDT| By Team Kalkine MediaAccording to the latest employment data released by the US Bureau of Labor Statistics on 8 January 2021, the US's total nonfarm payroll employment has fallen by 140,000 in December 2020. The recent surge in the no. of coronavirus cases and the rela.....
Why private house approvals rose for fifth straight month in November
January 07, 2021 03:51 PM AEDT| By Team Kalkine MediaThe approvals for private sector houses surged for the fifth month in a row in November in Australia. The upturn was driven by the strength in Queensland and South Australia, according to a report. While the approvals for private houses rose 6.1 p.....
Good News: AUD/USD Rallies to its Highest Since March 2018
January 07, 2021 03:41 PM AEDT| By Kunal SawhneyThe Australian dollar has gained immense strength against the USD as AUD/USD is currently trading at 0.78, its highest level since March 2018. The Australian dollar has rallied in the market post March 2020, and it continues to show an upward.....
International trade surplus trims by $1.5 billion in November
January 07, 2021 02:39 PM AEDT| By Team Kalkine MediaAustralian Bureau of Statistics (ABS) has released International trade data for November 2020. On a seasonally-adjusted basis, the Australian trade surplus trimmed by around $1.5 billion to $5.02 billion against the previous month. Source:.....
Australia beefs up safety measures amid fears about new coronavirus strain
January 07, 2021 01:42 PM AEDT| By Team Kalkine MediaIn the wake of rising cases of the new coronavirus strain in the UK, Prime Minister Scott Morrison has decided to strengthen the international travel safety measures. A meeting is scheduled to be held on Friday to discuss the end-to-end safety of t.....
Australian job ads soar to 18-month high: What does it mean for economy?
January 05, 2021 05:26 PM AEDT| By Team Kalkine MediaWith job advertisements hitting an 18-month high in December, the economy is expected to see a sustained recovery in employment going ahead. According to the job advertisement data from Australia and New Zealand Banking Group released on Tuesday, 5.....
What’s the reason behind the rally in Perth’s real estate prices?
January 05, 2021 12:00 PM AEDT| By Edita Ivancevics, sellers, and investors, who are likely to purchase investment properties. Experts believe that properties in Perth will increase by 10 per cent in price, as the Western Australia capital is experiencing a high demand for sales of houses due t...
How Did Australian Economy Sail Through 2020?
January 04, 2021 12:20 PM AEDT| By Hina ChowdharyThe global economy saw many firsts in the year 2020. The world saw historically low growth levels, high unemployment, ultra-low interest rate regime and shaky share markets. The bushfire severity made the first few months of the pandemic extremely.....
Reasons and forecasts of Australian economy’s recovery
January 03, 2021 12:14 AM AEDT| By Kunal SawhneyThe government projections for the fiscal year 2020-21 have shown that the economy is bouncing back. The mid-year economic and fiscal outlook presented a real GDP growth forecast of 2.75% for 2021. This forecast is higher by 0.5 pt from the forecas.....
How 2020 Panned Out for Interest Rate Scenario Across Major Economies?
December 31, 2020 07:36 PM AEDT| By Team Kalkine MediaCentral banks across the globe have resorted to low interest rates to stimulate economies suffering from a recession amidst the pandemic. Many countries have lowered their interest rates to never-before-seen levels, close to 0% in most cases. Sinc.....
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