Economy

Rise in deposits, residential assets boost household wealth to recor...

Uptick in residential assets, deposits and superannuation balances pushed household wealth growth to record high in the September quarter. Total house...

Australia’s Energy Account: Wind beats hydro for first time in energ...

With solar and wind energy showing robust growth, supply of renewable energy used for electricity prediction is found to show an increase during 2018-...

Not up to the mark: Australian businesses facing quality crunch

Even as businesses plan to ratchet up hiring over the coming three months, finding suitable workers for jobs has become a struggle. One in five Austra...

Payroll jobs rise amid the low of coronavirus pandemic

Payroll jobs are on continuous recovery, rising 0.4 per cent across the fortnight ending 28 November, 2020. The total wages paid rose 0.7 per cent, as...

Tasmania Signs New Energy Deal with Federal Govt

The Australian federal government and the state government of Tasmania have signed an energy and emissions reduction deal, as per the 15 December 2020...

Key takeaways from the RBA´s Monetary policy meeting

In the recent Monetary Policy Meeting of the Reserve Bank of Australia, a host of developments were noted on both the domestic and international front...

APRA relaxes COVID-19 dividend restriction for banks

Australian Prudential Regulation Authority (APRA) on Tuesday said that banks are no longer required to hold a minimum level of earnings retention as a...

Alcoa's Portland aluminium smelter receives $76.8 m Federal Governme...

Shutterstock Image The Morrison Government has assured $76.8 million to support Alcoa's massive Victoria Portland Aluminium Smelter and in turn help...

Is Australian Automotive Industry Coming Back on Track?  

The automotive sector, similar to most of the other sectors, has undergone a challenging time due to the unprecedented COVID-19 crisis. Lockdown restr...

Weekly Economic Charter: S&P Downgrades NSW & Victoria Credit Rating...

Although S&P Global Ratings recently maintained the stance that Australia’s AAA credit rating is rock solid, the rating agency has downgrade...

What is Australian media bargaining code? How will it affect Google,...

al is not sealed. After months of waiting, the ACCC (Australian Competition and Consumer Commission) has decided to force online conglomerates Go...

Is Australia out of recession?

hink that almost a million unemployed people suggest the crisis is still not over. The Australian economy officially showed enough evidence that...

Confident December as Australian Consumer Sentiment Climbs to 10-Yea...

The Westpac-Melbourne Institute Index of Consumer Sentiment marked a 10-year high after clocking 112 in December.  The December figure reflects...

November NAB Business Survey Notes Above Average Confidence and Cond...

NAB Australian Economics has released the November business survey, suggesting ‘rapid rebound in the economy’ as states are easing restric...

Why can Australian house prices rise 20% in 2021?

While Australia marked a return to growth in the September quarter, the Australian housing market seems to be out of the woods. Housing prices in Aust...

RBA resumes review of retail payments regulations, BNPL shares react...

Reserve Bank of Australia (RBA) Governor Philip Lowe on Monday said that the periodic review of retail payments regulations has been resumed by Austra...

Monetary policy transmission at the heart of the Australian recovery

  The Australian economy is surfacing from the worst recession ever recorded since the 1930s. This recovery has been made possible through strin...

Australia shows resilience & defeats property market crash- 3 ASX st...

While the cataclysmic pandemic has left majority of industries in a dire strait, the property market seems to be bucking the trend in the land down un...

Is it too early to buy low-cost, flexible international travel packa...

Coronavirus vaccine announcements have brought in some cheer in the wind in the tourism industry. When the vaccine finally rolls out, travellers can p...

Why did China’s WeChat delete Scott Morrison’s message?

stralia, criticising the Communist party for making such a ‘low’ move. WeChat, a popular Chinese messaging platform, deleted PM Scott...