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News
Highly respected economist joins RBA Board
11+ hour, 5+ min ago (390+ words) Jim Chalmers says 'this appointment will help ensure the Board has the right mix of skills and perspectives'. THE head of a public policy think tank who used to be the business lobby’s chief economist has been unveiled as the…...
Productivity putting a handbrake on economic growth
2+ day, 12+ hour ago (480+ words) RBA boss says 'continued weakness will constrain the economy's ability to grow without generating high inflation'. MORTGAGE holders may have been spared more rate pain by the Reserve Bank but Australia’s chronically weak productivity growth means households will continue to…...
Big drop in house prices expected moving into next year
3+ day, 6+ hour ago (473+ words) ANZ Bank says 'combination of restrictive interest rates, tax policy changes and global uncertainty have dampened sentiment'. ONE of the big four banks has been forced to downgrade its housing market forecasts for 2027. ANZ Bank released its latest research paper…...
New report shows 'first crack in profitability' of housing
1+ week, 2+ day ago (596+ words) Most people still selling their homes for a profit but latest data shows a small downturn in Sydney and Melbourne. THE vast majority of home owners are selling their properties for more than they bought them for, even as house…...