The annual cold season discontent among house buyers has seen dwelling prices continue to slump. Predictably, the real estate industry blames the many lack-lustre economic factors and the latest sales figures show only Sydney prices to be holding up while most other state capitals continue to sink. Researcher, RP Data, says while the average drop
Continue reading...Tuesday, June 7, 2011
The latest figures show the annual inflation rate slowed in May as cheaper holiday travel, household appliances and slightly cheaper fuel outweighed the rise in fruit and vegetable prices. Since the latter factors should return to normal with the food supply chain being re-established, most analysts agree our national C.P.I. should be under less pressure
Continue reading...Tuesday, May 31, 2011
Most businesses will require some sort of finance for their equipment and equipment can be financed in a number of ways.
Continue reading...Tuesday, May 3, 2011
Canberra is now clearly letting it be known that new legislation will see super fund members no longer have their retirement savings eroded by commissions paid to financial advisers from 2013. The Federal Financial Services Minister is now insisting that commissions, kickbacks and other sweeteners will also be banned on new investment products from July
Continue reading...Tuesday, May 3, 2011
Although many areas of the real estate industry have been saying house prices have levelled out, the situation is now official. The Australian Bureau of Statistics (ABS) has now released figures which show that overall home prices slightly fell in the March quarter by the biggest amount since September 2008. The ABS now says the
Continue reading...Tuesday, May 3, 2011
Australians are now being tipped to buy more consumer goods from overseas at the increasing rate of 25 percent in the next 12 months. This is in sharp contrast to a growth of just 10 percent in what is being bought online from local online retailers. The spending between the states is 33 percent from
Continue reading...Wednesday, April 6, 2011
The Board of the Reserve Bank of Australia (RBA) has announced the basic cash rate has been held at 4.75 percent. This is the fourth month in a row that the RBA has held the rate
Continue reading...Friday, March 4, 2011
Confidence among USA consumers has been rising for six consecutive months and now stands at a three-year high. This February figure is above that forecast and comes with impressive numbers in stock market prices, reduced unemployment, the recovery of Gross Domestic Product (GDP), and tax cuts flowing thru to lifts in retail sales. The overall
Continue reading...Friday, March 4, 2011
The latest numbers from national house price specialist RP Data certainly back the general opinion that Australian house prices wont be surging any more. The company says the February sales show a 1.6 percent drop in city prices and a 1.2 percent reduction outside of the main cities. This is the largest drop since 2005.
Continue reading...Wednesday, March 2, 2011
It’s been a bad week for interest rates future indicators. First there is the worrying continued escalating oil price and now the Australian Bureau of Statistics (ABS) is issuing wage break-out numbers - and both of these are sure to hit the inflation numbers that usually force the RBA to lift cash rates
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Monday, June 20, 2011
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