Rare chance to see Reserve Bank react to inflation data
Stars have aligned for central bank watchers, with the Reserve Bank’s top brass set to appear at a Senate hearing as crucial inflation data drops.
News
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Economy
Runways to riches? WSA a billion-dollar bet
Australia’s first new international airport in 30 years is ready to take flight but now shoulders the weight of great economic promises built around it.
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Economy
‘Look to the sky’: historic second Sydney airport opens
Western Sydney International Airport will welcome its first commercial passengers on Sunday after decades of planning and years of construction.
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Market
Federal funding is needed in NSW
Advocacy group says ‘NSW cannot afford to waste any more time securing the funding needed to deliver more homes’.
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Regulation
Drop in business is a real threat for conveyancers
AIC NSW boss says sales of units and homes are falling ‘because your investors have completely gone’.
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Market
Doom and gloom: House prices on downward spiral
Leading economists are saying ‘this would be Australia’s largest nominal housing downturn in over 40 years’.
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Market
Land lease trend: The groundswell of support
Conveyancers will be the winners as the property industry see a surge in land lease develop, according to the Property Council of Australia.
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Regulation
Sector to reflect, reset and reload as market uncertainty bites
What we’ve seen and how we will handle what’s coming down the pike: Australian Conveyancer’s What’s Next? event will put AI, the economy and the AML/CTF overhaul on the agenda in Sydney this November.
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Market
Bushfire bill blows out to $6b a year as climate warms
Researchers have put a figure on the growing toll of bushfires in Australia but say better preparation could prevent billions of dollars in losses.
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Market
Few affordable homes go to those in need
Without a national definition of affordable housing, rents are often set too high and affordable homes seldom go to those who need it, a think tank reports.
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Technology
Websites may go dark as critical fix prepared
Major cybersecurity warnings have been issued after serious vulnerabilities were identified in widely used software, with Cloudflare reporting early attacks.
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Market
New property data shows record house price decline
Expert says ‘we need to make some robust policy decisions that are not going to be popular at a national level’.
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Economy
Sunshine State beautiful one day, perfect the next
Economist says ‘it used to be Sydney, then Melbourne, then Brisbane. Now I think it’s Sydney, Brisbane’ for population destinations.
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Market
Construction costs on the improve
But Cotality says ‘timing and magnitude of future increases will depend on how domestic and global market conditions evolve’.
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Economy
Worsening inflation outlook presents ‘hard choices’
Reserve Bank deputy says inflation data due out later this month will be pivotal to any decision on interest rates.
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Market
Almost one in three to invest in anything but housing
New data shows ‘a sustained decline in investor activity ultimately means less capital flowing into the residential market’.
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Market
Chance to address ‘flaws’ in upcoming tax amendments
UDIA boss says ‘this is a critical inquiry because it is clear that the current housing tax settings simply don’t make the grade’.
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Regulation
AML/CTF is not the death knell for smaller firms
AIC NSW boss says Tranche 2 compliance is here but 'I don't see any evidence it's broken the camel's back'.
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Economy
Sweeping job cuts to hit NAB workers
An estimated 2500 jobs will be cut at National Australia Bank in the latest restructure at a major lender.
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Market
Developer Stockland latest to embrace data centres
Property group Stockland is engaging in community consultation as it works to build seven new data centres in industrial areas.
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Economy
Higher for longer: why low rates are relics of the past
There’s growing evidence that interest rates are becoming less effective at slowing demand, meaning central banks must lift rates further to ease inflation.
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Economy
‘Under siege’: small business a target for government
A premier has used his State of the State address to attack the federal government over changes to trusts, tax payments and credit card surcharges.
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Economy
More pain before any gain lies ahead for home owners
Economist says ‘if the government puts its foot on the fiscal accelerator, the RBA will just push harder on the interest rate brakes’.
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Economy
Deposit flicking: No end in sight to lengthy inquiry
NSW Fair Trading commissioner says “long approach” driven by needs to consider views of all parties concerned.