With cuts to the migration intake, Australia’s annual rate of population growth is the lowest recorded since 2006. At the same time serious labour shortages are becoming apparent within Australia’s key economic driver: the resources sector.
The most recent demographic data released by the Australian Bureau of Statistics (ABS) for September 2010 shows that nationally, population growth is slowing, largely fuelled by a slowdown in net overseas migration. Continue reading →
Australian residential housing prices and their direction is a hotly debated topic both locally and overseas. In this week’s Property Pulse we take a look at some key examples where distinct phases of capital gain have been followed by a correction.
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The big issue across the globe at present is inflation. At the start of the year, sharply rising food prices prompted riots in Algeria, with dissatisfaction quickly spreading to Tunisia and Egypt. The unrest in Egypt also served to unsettle other regimes across the Middle East as evidenced in anti-government riots in Jordan, culminating in the dismissal of the government. Continue reading →
On Friday of last week the Reserve Bank (RBA) released their Quarterly Statement on Monetary Policy. In their statement, the RBA provide forecasts of their expectation for Gross Domestic Product (GDP) growth and for Inflation for each six month period between December 2010 and June 2013. The RBA is forecasting that GDP will peak at 4.25% over the year to December 2011 after recording a low of 3.25% over the year to June 2011. Continue reading →
The RP Data-Rismark Home Value Index was released on Monday of this week. The Index showed that over 2010 capital city home values increased by 4.7% on a seasonally adjusted basis and the best performing cities were Melbourne (8.4%) and Sydney (6.6%). On the other hand, Perth (-2.3%) and Brisbane (-1.0%) both recorded a fall in property values over the year. Over the 12 months, capital city house values increased by 4.7% compared to growth of 4.8% for units.
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There are a myriad of mobile phone applications in the market but keep your eye out for these great business apps to use when you’re working on the go.
Mobile phone applications are becoming more sophisticated with developers coming up with new ways to help you work better from your mobile. Here are five of the best applications for business owners. Continue reading →
One day the sharemarket is up, the next day it’s down. This may seem like a normal situation, but the bulls and bears have been actually been embroiled in this tug o’ war for a number of months now with no sign of a winner emerging. Continue reading →
The hardcore gold bug brigade are so keen to push the idea that the global financial system is doomed and that gold is only thing in the world worth having that they twist and ignore facts with wild abandon. Continue reading →
You might not think it from the correction in equity markets in recent weeks, but David Urquart says economic data from the start of the year suggests that the global recovery is becoming increasingly well entrenched, at least in Asia.
Economic growth surpassed expectations in most countries across South East Asia late last year and early this year and, amid a broad based improvement in both external and internal demand, we are already seeing upward revisions to first quarter data Continue reading →
For only 3% of the eurozone economy and just under 0.5% of the world economy, Greece has caused big trouble around the world lately. The question is whether steps by authorities to counter the Greek-inspired turmoil will be enough to calm investors over the longer term and leave in place the global economic and sharemarket recoveries. Continue reading →