Economy

Why Australian house prices are set to soar 30% by 2023?

The lowest-ever interest rates might drive the house prices up by 30% during the upcoming three years, says Reserve Bank of Australia. Despite a rece...

Will Australian economy look up in 2021? Top 5 things to look forwar...

While 2020 was a year of many unprecedented events, it provided us ample reasons to look forward to 2021. Still carrying a few dismal remnants of the...

Australia’s jobless rate falls in December

A broad recovery in the labour market continued in December as Australia added 50,000 new jobs to the market. It speaks volumes about the economy's re...

Scrap media laws imposing Google and Facebook to pay to local media...

The US has sent a submission to an Australian parliamentary inquiry urging the Australian government to scrap the media laws which will force the mega...

RBA Anticipates Asset Prices to Shoot Up Over Lower Interest Rates,...

Reserve Bank of Australia (RBA) has disclosed its assessment of the low-interest environment on asset prices and the impact of monetary policy on save...

Will Australian economy take off in 2021?

There was not a single economy across the globe that did not falter in the year 2020, owing to the COVID-19 pandemic. The Australian economy is no exc...

Housing Loan Commitments reach Record High in November 2020

ABS released the figures for new loan commitments that showed a record high level of new housing loan commitments for November. The total value of new...

Australia issues a stern response to Google’s new experiment

has urged Google to focus on paying for the content instead of fully blocking it. Google is experimenting with its algorithms and has blocked com...

Unit rents in Australian cities plummet to record lows

and international students not being able to arrive in Australia in high numbers. Metropolitan cities of Sydney and Melbourne experienced record...

What drove private sector house approval to 21-year high in November

Continuing the upward streak, private sector house approvals shot up for fifth straight month in November, clocking a 21-year high. The number of dwel...

How is Australian Property Market Tipped for 2021?

The year 2021 may not pave as tumultuous a journey for housing prices as 2020. The Australian housing market experienced severe blows in the first hal...

Job vacancies rise 23% in November quarter, beat pre-COVID levels

Jobs vacancies in Australia rose by 23 per cent in the November 2020 quarter amid easing coronavirus-induced restrictions. The job vacancies were 12 p...

Government is providing over $2 million under BRII

Australia’s Industry Science and Technology Minister Karen Andrews has launched the latest round of funding for Business Research and Innovation...

Planning to buy a property? Five questions to ask real estate agent

Buying a property is a demanding game since high stakes are involved in the process. The whole process can be tested both on psychological and financi...

A sneak peek at Sydney’s new building projects

Image Source: Shutterstock The construction industry in Sydney was besotted with great difficulties in 2020, courtesy the coronavirus pandemic. Howev...

Dry weather across northern hemisphere hits wheat production, Is Aus...

Australia 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 i...

Why Australian retail sales rose in November 2020

Australia’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...

Households Gain Benefits from Tax Offsets, Consumer Spending Boosts

The 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...

US loses 140,000 jobs in December 2020

According 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...

Why private house approvals rose for fifth straight month in Novembe...

The 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 Queensl...