RBA to cut rates to ensure economic growth as government commits to budget surplus
24 May 2013
Propertyobserver.com.au By Larry Schlesinger Tuesday, 25 September 2012 The Reserve Bank will cut interest rates to spur on economic growth as the federal government remains committed to achieving a budget surplus in 2012-13, according to Alan Mitchell, economics editor at the Australian Financial Review. Yesterday Federal Treasurer Swan releas [...]
Posted in Daily News, News
Why yield investors are returning to Australian residential property markets
23 May 2013
Propertyobserver.com.au By Cameron Kusher Thursday, 23 May 2013 Weekly rents have increased by 3.5% over the past year while value growth has been moderate and there has been virtually no change to yields yet investor activity in the housing market is ramping up. Rental growth over the past 12 months across the combined capital [...]
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Powerful $US pushing $A lower
23 May 2013
The Age’ 23 May 2013 Jason Cadon The Australian dollar keeps falling and Uncle Sam is completely to blame. The currency is plumbing one-year lows, heading past 96.50 US cent on Thursday, after being above parity for most of the past year. As the US economic recovery gets a bit stronger, there’s more talk the [...]
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Sydney and Melbourne auction rates through the roof
23 May 2013
http://media.domain.com.au/property/domain/auction-clearance-rates-through-the-roof-4287285.html
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Irrational investors bet on boom
23 May 2013
THe age May 22, 2013 – 1:32PM Ambrose Evans-Pritchard The latest poll of Morgan Stanley’s top clients from across the world says it all. Chief economist Joachim Fels tells us that not a single investor at the bank’s Florence forum thought the world economy would rebound with any strength later this year. Just a quarter [...]
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Australia’s retails are still struggling despite rate cuts
22 May 2013
Published: Wednesday, 22 May 2013 | 1:27 AM ET By: Ansuya HarjaniAssistant Producer, CNBC Asia On top of a slowdown in Australia’s lucrative mining sector, consumer sentiment in the country appears to have deteriorated sharply, posing a challenge to the central bank which cut interest rates to a record low earlier thi [...]
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