Economy

Apr 14 2020

The number of home owners taking their property to auction is expected to fall as clearance rates drop and market uncertainty persists.

Apr 14 2020

Leading figures, including a former deputy prime minister, have revealed why the government response to the COVID-19 crisis is so different to that of the GFC.

Apr 14 2020

Digital wallet transactions have hit record numbers amid the coronavirus outbreak as users move away from cash transactions, according to new data.

Apr 14 2020

The NSW government has indicated that it will be providing $440 million in rent relief, land tax waivers and rebates for landlords and tenants across both residential and commercial ...

Apr 9 2020

Expectations of a “significant economic shock” in the first half of 2020 have prompted both Fitch Ratings and S&P to downgrade Australia’s largest banks.

Apr 8 2020

The prudential regulator has confirmed that it is temporarily suspending the issuance of new licenses in response to the “economic uncertainty created by COVID-19”.

Apr 8 2020

The central bank has revealed that it has purchased over $36 billion in government bonds as part of its quantitative easing program to support the domestic economy.

Apr 8 2020

Going “cold turkey” following a “massive fiscal binge” will “rarely end happily”, ING Economics has said in response to coronavirus-induced stimulus provided by government authorities

Apr 8 2020

The state government is being urged to save the commercial sector by allowing landlords a 12-month hiatus from land taxes.