Economy

RBA Minutes reveal an optimistic stance on economic recovery

April 20, 2021 01:37 PM AEST| By Furquan Moharkan

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 Monetary Policy Meeting of its Board released today. As per the RBA minutes, Australia is expected to co...

Why legalising betting is good for any country?

April 17, 2021 05:10 AM AEST| By Furquan Moharkan

Source: Wpadington, Shutterstock Late in 2017, I was having dinner with a senior official from one of the multinational organisations. The official was from Netherlands and we were discussing everything under the sun. Suddenly I popped up a questio...

Melbourne housing market on fire, median price crosses record AU$1 million mark

April 16, 2021 04:00 PM AEST| By Furquan Moharkan

Representative Image. © Dechev | Megapixl.com The housing market in Victoria’s capital city Melbourne has shattered records in the first quarter of 2021, on the back of stimulus packages rolled out by the government. Clocking one of the...

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

April 15, 2021 02:57 PM AEST| By Ashish

Source: Patrick Thomas, Shutterstock Summary Australia‘s unemployment rate continued its decline in the month of March, falling from 5.8% to 5.6%. The hours worked stood higher than that in March 2020, for the first time during the COVID...

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

April 13, 2021 04:23 PM AEST| By Ashish

as business confidence recovered sharply, measure of confidence slipped by 3 points. Amid the ongoing coronavirus pandemic, Australian business confidence hit its record high in March, indicating rapid economic recovery. The surge in business c....

Will Australian Property Market Bubble Pop Anytime Soon?

April 12, 2021 01:03 PM AEST| By Damini

Source: Andrey_Popov, Shutterstock Summary Australia has been experiencing a significant rise in property prices as the economy continues to recover from the pandemic. The recent spike in housing prices has sparked concerns of a further increa...

What’s in President Biden’s 2022 Budget Proposal

April 11, 2021 01:32 PM AEST| By Team Kalkine Media

hike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....

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

April 06, 2021 03:38 PM AEST| By Team Kalkine Media

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 rate and 3-year bond yield target at 0.10 per cent. The Australian central bank had cut down the of...

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

April 04, 2021 12:32 AM AEDT| By Sukriti

Source: George Rudy, Shutterstock Summary In the December quarter, the Australian residential property market rose by 3%, a higher quarterly growth since December 2019. Improvement in the economic scenario, Government's stimulus aid, and...

Worrying about rising bond yields? Here’s how to protect your portfolio

April 02, 2021 04:43 AM AEDT| By Aayush

Source: Andrii Yalanskyi, Shutterstock Summary Having a judicious mix of debt with equity provides stability to the portfolio returns. Picking up a value stock at a bargain could provide a decent margin of safety during market sell-off. An in...

Is There Any Steam Left In The Retail Sector Amid Upcoming Easter Weekend?

April 01, 2021 05:35 PM AEDT| By Team Kalkine Media

Source: William Potter, Shutterstock Summary Retail sales dwindled 0.8 per cent in February 2021, typically impacted by lockdown in Victoria and Western Australia. Food retailing saw the highest decline while sales of electronics, cafes...

How is the travel sector coping with Brisbane lockdown wave?

March 31, 2021 12:13 PM AEDT| By Team Kalkine Media

ooking policies in the form of refunds, refund credits or alternate bookings. The sense of deja-vu among travel providers is again on the rise as Brisbane entered three days lockdown on 29 March 2021. The cases associated with the Brisbane...

Will Australia go the NZ way of checking house prices?

March 30, 2021 01:08 PM AEDT| By Team Kalkine Media

Source:Brian A Jackson, Shutterstock Summary Housing affordability worries could result in more Kiwis shifting to Australia. House prices in NZ soared by 21.5% annually, while property prices were up 3.6% annually in Australia. The Australian...

Will Westpac's sale of its NZ business result in other Kiwi banks to follow suit?

March 26, 2021 05:00 PM AEDT| By Team Kalkine Media

Source: Dr. Victor Wong, Shutterstock On 24 March, Westpac Banking Corporation (NZX:WBC, ASX:WBC) revealed that the bank was looking at the sale of its NZ operations and was taking into consideration whether a demerger would be in the best interest...