Workers hoping for a pay rise as their Christmas present are unlikely to find anything in their stocking as the Australian government revised down its forecasts for economic and wages growth in its mid-year economic update. Treasurer Josh Frydenberg and Finance Minister Mathias Cormann released the Mid-Year Economic and Fiscal Outlook (MYEFO) – the government’s… Read more »
Surging property values in Sydney and Melbourne during November, along with a housing rebound in Perth, has delivered the biggest increase in national house prices in 16 years. Sydney and Melbourne property prices rose 2.7% and 2.2% respectively in November Those increases, along with Perth rebounding, led to the biggest monthly jump in national house… Read more »
The growing problem of phone scams is expected to cost Australians more $500 million this year, to the government and regulators are moving to block popular ones and push telcos to ramp up efforts to combat them. The Australian Communications and Media Authority (ACMA) has been reviewing the problem for 18 months and this week… Read more »
Australia’s two biggest property markets, Sydney and Melbourne, are projected to hit new peaks by the end of 2020 that could see regulatory authorities reintroduce measures to calm an overheated market, according to RiskWise Property Research. While the market has been subdued for around two years, the Reserve Bank’s interest rate cuts and relaxed lending… Read more »
