Economy

Australian Economy: RBA toes the line, keep the rates unchanged at a...

As largely expected, the Reserve Bank of Australia (RBA) kept monetary policy setting untouched at the October Monetary Policy Decision on 6 October....

Real Estate Price Uptick for a Third of Capital Cities in September 

Real estate industry, like several other sectors, experienced adverse impacts, owing to the COVID-19 pandemic. The Australian real estate sector also...

Short on Foreign Workers, Farming Sector A New Ray Of Hope for Peopl...

The pandemic has redefined all sectors; its effects have forced countries to focus on strengthening domestic primary industries than globalisation. W...

Is the Australian real estate sector likely to get out of the woods...

Like many other sectors in Australia, the real estate industry has also been adversely impacted by the coronavirus pandemic. For many years Aussies sa...

Is the travel bubble between Australia and New Zealand likely to go...

Five months after the first discussion regarding safe travelling between Australia and New Zealand, it may finally happen. As the coronavirus situati...

Hey Folks, Know What’s New in the Australian Travel Industry!

Undeniably, the COVID-19 pandemic has left the Australian travel industry in dire straits amidst stringent border restrictions and widespread job loss...

Economic Charter Under the Scanner; All Eyes on RBA Rate Cut Bets

The analysts are tailoring rising expectations of a cash rate cut and lower yield curve target by RBA in its October meeting.  Recent economic da...

Escalating US-China Spat: No End in Sight

At the time when the entire world is collectively fighting the battle against the Global Virus Crisis, the world’s two largest economies are bus...

Government extends JobKeeper, should you rejoice? Cuts are coming

Government's JobKeeper and JobSeeker support schemes have rescued more than 2.2 million workers when millions of Australians have been pushed into une...

How did the economy get affected by the pandemic?

As most countries decided to close their borders and put the economy on hold to focus on containment of the virus spread, the stock markets experience...

All that you need to know about RBA's toolkit 

The 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...

Commonwealth Bank economists join the 'Recession is Over' bandwagon 

The 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 p...

JobSeeker recipients tighten their belts amid dreadful $300 reductio...

The 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 tha...

What Pandemic? Property prices to go higher in coming years

Australian 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. Re...

Westpac Forecasts 15% Spike in House Prices- Real Estate Weathering...

The focus on economic recovery will be a constructive environment for the Australian housing market. The COVID–19 pandemic is an extraordinary...

COVID-19 Travel Curbs Casting Dark Shadows on Australia’s Elite Spor...

While 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...

How many stimulus packages have been launched in Australia during CO...

Not many nations have been as lucky as Australia when it comes to stimulating the economy and the citizens through financial aid packages. According t...

Unemployment rate slips to 6.8% in August, Beacon of Hope on Economi...

As 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,...

What led Westpac-MI Leading Index to improve in August versus July?

The Australian economy has started to pick up momentum gradually after it suffered a massive jolt from the coronavirus outbreak. The 6-month annualis...

Chinese data points hint at growth recovery, how does it impact Aust...

Retail 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...