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Economy
Is the Australian real estate sector likely to get out of the woods in 2021?
September 29, 2020 03:46 AM AEST| By Team Kalkine MediaLike many other sectors in Australia, the real estate industry has also been adversely impacted by the coronavirus pandemic. For many years Aussies saw stability in home prices, but because of the dramatic slump in the country's population, the pri.....
Is the travel bubble between Australia and New Zealand likely to go ahead?
September 28, 2020 03:58 PM AEST| By Edita IvancevicFive months after the first discussion regarding safe travelling between Australia and New Zealand, it may finally happen. As the coronavirus situation within Australian borders seems to be improving, New Zealand has been open for negotiations, an.....
Hey Folks, Know What’s New in the Australian Travel Industry!
September 26, 2020 04:54 PM AEST| By Team Kalkine MediaUndeniably, the COVID-19 pandemic has left the Australian travel industry in dire straits amidst stringent border restrictions and widespread job losses. While the industry is moving heaven and earth to restore to normalcy, there is still a long wa.....
Economic Charter Under the Scanner; All Eyes on RBA Rate Cut Bets
September 25, 2020 04:18 PM AEST| By Team Kalkine MediaThe analysts are tailoring rising expectations of a cash rate cut and lower yield curve target by RBA in its October meeting. Recent economic data has further enhanced the speculations. August value of exports dipped by 2% M-o-M, while impor.....
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Escalating US-China Spat: No End in Sight
September 24, 2020 09:09 PM AEST| By Team Kalkine MediaAt the time when the entire world is collectively fighting the battle against the Global Virus Crisis, the world’s two largest economies are busy settling their scores on COVID-19 origin, technology sharing and human rights abuses grounds. By.....
Government extends JobKeeper, should you rejoice? Cuts are coming
September 24, 2020 04:19 PM AEST| By Team Kalkine MediaGovernment's JobKeeper and JobSeeker support schemes have rescued more than 2.2 million workers when millions of Australians have been pushed into unemployment or are witnessing shortened work hours. These payouts also assisted in reducing measures.....
How did the economy get affected by the pandemic?
September 24, 2020 04:05 PM AEST| By Edita IvancevicAs most countries decided to close their borders and put the economy on hold to focus on containment of the virus spread, the stock markets experienced the biggest impact due to the halt in business activities. Now that lockdowns in Australia and .....
All that you need to know about RBA's toolkit
September 23, 2020 06:23 PM AEST| By Team Kalkine MediaThe Australian economy is facing its first recession in 30 years with its economy shrinking by record 7% in the June quarter compared to a drop of 0.3% in the previous (March 2020) quarter as it continues to suffer from the economic fallout of the .....
Commonwealth Bank economists join the 'Recession is Over' bandwagon
September 23, 2020 12:26 PM AEST| By Team Kalkine MediaThe Australian economy has been pushed into its first recession in the last 30 years due to the economic fallout from coronavirus. The country's GDP plunged 7% in April to June quarter compared to previous month, which marked the second consecutive.....
JobSeeker recipients tighten their belts amid dreadful $300 reduction in Coronavirus Supplement
September 22, 2020 07:11 PM AEST| By Team Kalkine MediaThe state of Victoria has been under one of the toughest lockdowns, after a resurgence of the virus, which took the daily case numbers to hit more than 700. However, Victoria recorded just 11 new cases of coronavirus, the smallest daily rise in in.....
What Pandemic? Property prices to go higher in coming years
September 21, 2020 11:05 PM AEST| By Team Kalkine MediaAustralian property markets have taken a hit due to COVID-19 crisis, but house prices are expected to shoot up in future, as a result of the same. Residential property prices declined 1.8% nationally for the June quarter led by a fall in Sydney an.....
Westpac Forecasts 15% Spike in House Prices- Real Estate Weathering The COVID-19 Storm?
September 20, 2020 12:51 AM AEST| By Hina ChowdharyThe focus on economic recovery will be a constructive environment for the Australian housing market. The COVID–19 pandemic is an extraordinary occurrence, unlike any shocks or cycles that the world has encountered since most macroeconomic me.....
COVID-19 Travel Curbs Casting Dark Shadows on Australia’s Elite Sports Industry?
September 19, 2020 12:00 AM AEST| By Team Kalkine MediaWhile Australia has been enjoying billions of dollars in revenue from the sports domain over the past several years, the year 2020 is as different as chalk and cheese. No wonder, COVID-19 is the reason! The pandemic-driven travel and border restric.....
How many stimulus packages have been launched in Australia during COVID-19?
September 17, 2020 08:19 PM AEST| By Edita IvancevicNot many nations have been as lucky as Australia when it comes to stimulating the economy and the citizens through financial aid packages. According to the Australian Treasury site, the final figure for the Australian economic stimuli was a stagger.....
Unemployment rate slips to 6.8% in August, Beacon of Hope on Economic Charter?
September 17, 2020 05:07 PM AEST| By Edita IvancevicAs a part of any global crisis, most national economies need to go through a tough period. That usually means people losing jobs and the loss of GDP, which ultimately leads to the state of recession. Find out more: What is recession? Compared to .....
What led Westpac-MI Leading Index to improve in August versus July?
September 17, 2020 02:26 PM AEST| By Team Kalkine MediaThe Australian economy has started to pick up momentum gradually after it suffered a massive jolt from the coronavirus outbreak. The 6-month annualised growth rate in the Westpac-MI Leading Index that shows the anticipated pace of economic activit.....
Chinese data points hint at growth recovery, how does it impact Australia?
September 16, 2020 10:22 PM AEST| By Team Kalkine MediaRetail sales of China rose for the first time in 2020 in August as consumers increased spending. The recovery process of the Chinese economy has been gaining momentum amid revived demand, resilient exports, and rapid government stimulus measures af.....
Is Australia ready for the JobSeeker cord being pulled?
September 15, 2020 11:06 PM AEST| By Team Kalkine MediaThe Australian government had launched wage subsidy programmes to counter rising unemployment, which occurred due to widespread shutdown of businesses, schools, restaurants, bars, airlines, and many other services amid coronavirus induced lockdowns.....
5 Steps Australia should take as the business re-opens across Victoria
September 14, 2020 11:11 PM AEST| By Edita IvancevicVictoria imposed strict movement restrictions at the beginning of July this year, which will now be relaxed post-midnight of 14 September, after six weeks period. Unlike most democracies that faced severe COVID-19 impacts and yet chose to keep the.....
Read What’s Happening Inside Australian Travel Industry!
September 12, 2020 12:30 PM AEST| By Team Kalkine MediaState border closures and Victoria’s extended lockdown are threatening Australia’s travel industry like never before. The full recovery seems to be sometime away for the battered travel sector. However, one cannot neglect the dedicated .....
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