Economy

Will Australia’s Housing Prices Take a Breather Anytime Soon?

Summary Housing prices are expected to show signs of a slowdown after showing accelerated growth over the past few months. What started with an im...

Mixed bag for APAC markets on Australia, Japan macros

Summary Asian markets witness mixed bag on Japan, Australia economic data Australian markets are the second-best performers in APAC today The MSC...

Unemployment Numbers Could Increase by ~150K after the end of JobKee...

Summary Approximately 150,000 more people could be looking for work following the rollback of end of JobKeeper. As of April, the standard JobSeeke...

COVID-19 impact: Australia’s total tax collection falls in 2019-20

The total taxation revenue collected in Australia declined in 2019-20 due to the negative impact of the coronavirus pandemic. The total tax collection...

Indians lead the surge in migrant workers in Australia

The number of Australians who were born in India have doubled in the past decade, as overseas-born population in the country touched a 127-year high o...

Australian property market going wild: Boom or Bubble?

Summary Real estate prices have risen at a rate unseen in over three decades in some regional areas of Australia. Discussions are on the table to...

Is Australian Property Market Getting out of Control?

Summary Australian housing prices have increased faster than the wages and inflation level in the economy. RBA maintains a passive stance as it co...

Is there any bubble-like scenario in Australia’s property space?

Summary The Australian housing market is experiencing a significant price boom, driven by low interest rate and relaxed mortgage lending.  Th...

Is the Australian property market moving out of control?

Housing prices have taken a steep turn in Australia as they continue to soar in an economy with incredibly low levels of inflation. The increasingly u...

ANZ slashes variable mortgage rates by up to 90bps

Australia And New Zealand Banking Group (NZX:ANZ, ASX:ANZ) is the first bank to slash variable mortgage interest rates in 2021. ANZ has cut off up to...

New Home Sales on a rise in Australia, more jobs to come up in const...

Summary As per HIA, the new home sales were a record 39.4% higher in the March 2021 quarter as compared to the previous corresponding time. HomeBu...

RBA Minutes reveal an optimistic stance on economic recovery  

The Reserve Bank of Australia seems to have struck a bullish note on the economic recovery in the country, as revealed by the minutes of April 6 Monet...

Why legalising betting is good for any country?

Source: Wpadington, Shutterstock Late in 2017, I was having dinner with a senior official from one of the multinational organisations. The official w...

Melbourne housing market on fire, median price crosses record AU$1 m...

Representative Image. © Dechev | Megapixl.com The housing market in Victoria’s capital city Melbourne has shattered records in the first q...

Australia’s unemployment sinks further in March; what it means for e...

Source: Patrick Thomas, Shutterstock Summary Australia‘s unemployment rate continued its decline in the month of March, falling from 5.8%...

Australian business confidence at record high; what does it mean for...

as business confidence recovered sharply, measure of confidence slipped by 3 points. Amid the ongoing coronavirus pandemic, Australian business c...

Will Australian Property Market Bubble Pop Anytime Soon?

Source: Andrey_Popov, Shutterstock Summary Australia has been experiencing a significant rise in property prices as the economy continues to rec...

What’s in President Biden’s 2022 Budget Proposal

hike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthca...

Here’s why RBA hasn’t changed the interest rates

to a record low in November to boost the economy during the COVID-19 pandemic. The Reserve Bank of Australia (RBA) on Tuesday maintained the cash...

Is Australia’s property market on the cusp of a boom?

Source: George Rudy, Shutterstock Summary In the December quarter, the Australian residential property market rose by 3%, a higher quarterly gro...