Australian Dollar Takes a Dive – The Australian dollar has come off it’s recent highs to $1.05 US. Commodities took a nose dive on the back of shrinking global demand, and the drop in retail sales in Australia. At 6.20am (AEST), the Australian dollar was trading at 105.66 US cents, almost 1.5 US cents down [...]
Tags: Australian Dollar
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Property Prices to Increase in 2011 – While residential property prices remained relatively flat in the last quarter of 2010, a tight rental market and return to “normal” trends in first home ownership are likely to lead to firm growth late next year, they say. CommSec economist Savanth Sebastian said increasing rental demand and rising [...]
Tags: Asian Investors, Australian Dollar, Bank Of Australia, Caveat, Darwin, Economist, Economists, Home Ownership, House Price, house prices, Interest Rate Hikes, Interest Rate Rise, Last Quarter, Perth, Reserve Bank Of Australia, Residential Property, Sebastian, Sydney Markets, Tight Rental Market, Wages
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Australian Jobless Rate Drops – Australia’s jobless rate fell to 5.2 per cent in November, with the economy creating the most jobs since January as employers gained confidence heading towards the year’s end, according to official data released today. The seasonally adjusted rate compares with a 5.4 per cent unemployment rate in October, according to [...]
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Myer Online Shopping – Myer chief executive Bernie Brookes said yesterday the department store planned to import goods bought online and worth less than the $1000 GST-free threshold to allow customers to avoid paying the tax. From February, Myer’s customers using its website will be able to buy about 1000 goods priced under the threshold [...]
Tags: Australian Dollar, Australian Retailers, Australian Taxation, Batches, Billions, Brookes, Department Store, Federal Treasurer, Gerry Harvey, Group Chief, Harvey Norman, Import Goods, Leakages, Nightmare, Online Shopping, Solomon Lew, Tax Lawyer, Taxation Institute, Threshold, Zahra
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Commonwealth Bank’s Super Sized Interest Rate Hike – The Commonwealth Bank knows its big shareholders would not stand it earning only another $6 billion this financial year. That’s the real reason Australia’s largest and most profitable institution increased its lending rates by nearly twice as much as the Reserve Bank. The other big banks are [...]
Tags: Ammo, Australian Dollar, Backlash, Canberra, Christmas Season, Commonwealth Bank, cop, Dismay, Gfc, Interest Rate Hike, Leading Bank, Margins, Parity, Peers, Percentage Point Increase, Percentage Points, Real Reason, S Brian, Shareholders, Us Currency
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