$720m injection to save jobs
Thursday, 2 April 2009
Small businesses will be excused from paying more than $700 million in taxes in an effort to save Australian jobs.
The Federal Government will give a $720 million cash-flow boost to small businesses, self-funded retirees and small superannuation funds struggling because of the global recession.
Shift to regional trade increases risk to Australia
Thursday, 26 March 2009
A collapse in world trade, particularly in the Asia-Pacific region, and a sharp drop in economic growth for China have significantly heightened the downside risk to Australia's outlook, according to a new report released by Dun & Bradstreet (D&B).
Recent months have seen an "outright collapse in world trade, particularly in the emerging markets of East Asia," according to the quarterly GlobalEconomic & Risk Outlook Report.
Affordability best in almost 20 years
Thursday, 19 March 2009
Australian homes are becoming more affordable, with less than a third of the family income now going towards mortgage repayments, the Real Estate Institute of Australia (REIA) said this month.
The REIA/Deposit Power Housing Affordability Report shows that the proportion of family income that is required to meet mortgage repayments has seen its largest change since 1995.
RBA leaves rate unchanged, although economic conditions still weak
Thursday, 5 March 2009
Contrary to popular opinion, the Reserve Bank left rates unchanged this week. Despite the weakened global economy and contracting spending, the move shows confidence in Australian's financial system, a sentiment echoed in the bank's official announcement.
Housing recovery likely within 12 months: HIA
Thursday, 26 February 2009
The housing industry in Australia may be in the doldrums right now, but is likely to stage a significant recovery over the next twelve months, according to a report released this week.