Economic Growth

November 5, 2015 1:23 pm

Brisbane Slow And Steady Growth Ideal For Investors

2015-11-13T17:00:46+10:00

Brisbane has been slowly gaining traction in property capital gains, as the median dwelling prices at $461,000. Property experts are predicting a growth slowdown in the market, making Brisbane ideal for investors, as it is “slowdown – proof”. Investors have shown interest in Brisbane as it enjoys a steady increase in transaction and buyer interest. Over the past year, growth has been up by nearly 5%. The Brisbane and Gold Coast area rental yield for both houses and units finished at a 4.4% and 5.4% increase respectively, toppling the number of Sydney – at 3.1% and 4.1%, and Melbourne – [...]

Brisbane Slow And Steady Growth Ideal For Investors2015-11-13T17:00:46+10:00

January 12, 2015 5:40 pm

What’s in store for the Australian economy for 2015?

2023-03-03T00:01:37+10:00

The Australian economy has seen drastic changes in 2014 and the effects are expected to ripple through this year. What are the expected changes and how will the Australian landscape look for 2015? Australian Dollar.  The AU dollar has fallen to US81 cents. This is favourable to help the economy transition to non – mining activity, but will make overseas travel and purchase more expensive. Interest Rates. The official cash rate has been on hold for 16 months at 2.5%. The current rates have stimulated housing construction. House prices are strong especially in Melbourne and Sydney, with house prices growing [...]

What’s in store for the Australian economy for 2015?2023-03-03T00:01:37+10:00

October 15, 2014 10:37 am

We’re The World’s Richest Because of Property

2023-03-03T00:01:37+10:00

Investment Bank Credit Suisse recently conducted the fifth annual study of global wealth trends and found out that Australians are the richest in the world at a median wealth of $US 225,000, with around 60% of household relying heavily on Property. Only 6% of Australians are living at a wealth below $10,000 compared to 70% of countries worldwide and 29% of the population in the United States. The global wealth is 40% higher than the GFC low in 2008. The Australian wealth has been on a steady climb, with the net worth of the average Australian ballooning from $US 103,151 [...]

We’re The World’s Richest Because of Property2023-03-03T00:01:37+10:00

AU Dollar Falling: Are We Supposed to Worry?

2023-03-03T00:01:37+10:00

The Australian Dollar has been on a downward spiral as it finished below US 90¢ from a high of $1.10 back in 2011. Is the Australian economy weakening, or is there a valid reason for the currency drop? The United States economy has been recovering for the past months, making the US dollar stronger and inversely, the AU dollar fall. Because of this, our exports are valued lesser than before. It doesn’t mean that the economy is weakening, but just a ripple effect of the US and Chinese economy recovery. As the global market changes, there will always be winners [...]

AU Dollar Falling: Are We Supposed to Worry?2023-03-03T00:01:37+10:00

August 25, 2014 10:21 am

Australia’s Electricity Price Soars As Demand Falls

2023-03-03T00:01:38+10:00

It was almost certain that electricity demand will increase as it has been the trend for over a century. Our consumption has been increasing year over year - even when the economy was at its lowest point, so it came as a surprise 4 years ago when that trend changed; electricity demand has dropped – and it has been that way ever since. The industry has been looking for answers for the sudden drop, and the best guess comes from Dr Hugh Saddler, energy expert for the Pitt and Sherry Consultancy. His report shows that the energy consumption for the [...]

Australia’s Electricity Price Soars As Demand Falls2023-03-03T00:01:38+10:00

Apache Oil Deposit Discovery: Largest In Australia For The Past 3 Decades

2023-03-03T00:01:38+10:00

A new oil province may be emerging in the country as US oil company Apache discovered oil in the North West coast. Apache’s Phoenix South-1 well was targeting gas when it dug up an oil deposit that can potentially produce 300 million barrels of oil. Apache’s International Chief Operating Officer Thomas Voytovich said that drilling is already at its early stages and that the success of Phoenix South may make it the new oil province in the country. The discovery in the offshore part of Canning Basin in Western Australia opens up numerous questions regarding oil extraction, transportation and costs. [...]

Apache Oil Deposit Discovery: Largest In Australia For The Past 3 Decades2023-03-03T00:01:38+10:00

February 20, 2014 2:31 pm

Chinese Plunge Sends Ripples to the Rest of the World

2023-03-03T00:01:41+10:00

The global economy is holding its breath as China records its lowest manufacturing output in seven months, adding to speculations that a global market slowdown is imminent. The HSBC Purchasing Managers Index for February ended at 48.3, dropping from January’s 49.5. An index below 50 shows that there is tightening in the sector. Equities in the Asia – Pacific dropped after hearing the news, fearing an economic slowdown. After all, China is the 2nd largest economy in the world. The Australian S&P/ASX200 benchmark dropped by 30 points after hearing the news, showing clear dependence on the Chinese economy. Read more [...]

Chinese Plunge Sends Ripples to the Rest of the World2023-03-03T00:01:41+10:00

Department Stores Could Be a Thing of the Past

2023-03-03T00:01:41+10:00

David Jones and Myer are in trouble of losing their grip on the market. These 2 major retailers have been in existence – David Jones, for 175 years, and Myer for around 113. With the changes in the retail landscape, both have been victims of new cultures and traditions overpowering the old. No one saw this coming. When the nation enjoyed a 15 year credit boom, customers were at the forefront carrying most of the burden. During this span store closures were avoided. But without innovation, the customers can only hold on for so long. When the internet age dawned [...]

Department Stores Could Be a Thing of the Past2023-03-03T00:01:41+10:00

10 Reforms That Shaped Australia’s Economy

2023-03-03T00:01:41+10:00

Ross Gittins, one of Australia’s top economic commentators outlines the reforms that shaped Australia’s economic landscape. While the nation has its share of ups and downs, Australia remains as one of the most prosperous. In this article he reveals the top 10 economic reforms that transformed the country. The Australian dollar has been reliant on the global market since 1983, fluctuating from $0.48 to $1.10. This reliance surprisingly helped stabilize the economy, keeping inflation at bay. The entry of foreign banks and allowing banks and lenders to have their own interest rates increased competition, lowering lending standards that caused a [...]

10 Reforms That Shaped Australia’s Economy2023-03-03T00:01:41+10:00

January 27, 2014 2:43 pm

How Important is Inflation for Property Investors?

2023-03-03T00:01:41+10:00

We’ve been hearing about the latest Inflation report ending at 2.7% for the past year, a little over the Reserve Bank’s expectation of 2%. But what really is Inflation and how does it affect your investments? Inflation is the increase in price for commodities over a period of time. The effects of Inflation become clearer once it is compared with other factors, one of which is the country’s currency. A sudden spike in inflation can cause values of goods to rise drastically, as opposed to a modest level that usually denotes a healthily growing economy. For property investors, inflation has [...]

How Important is Inflation for Property Investors?2023-03-03T00:01:41+10:00
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