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Economy

Consumer confidence falls for second week straight

Declines in sentiment toward both financial and economic conditions drove a fall in consumer confidence in the week ending 12 February.

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Land lot prices rise to record high

The median price of land lots rose by 3.3 per cent during the September 2016 quarter, reaching a record high of $243,585, new research has shown.

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90% of Aussies see ‘Great Australian Dream’ as unachievable

The majority of Australians say it is becoming increasingly difficult to achieve the ‘traditional dream’ of home ownership, according to fresh research from Mortgage Choice.

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Business conditions jump in January

The latest data from NAB’s Monthly Business Survey revealed that business conditions surged unexpectedly last month, pointing to “very strong” current levels of business activity.

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Industry body calls out ‘failed’ housing agreement

The Housing Industry Association has accused the National Affordable Housing Agreement of failing to deliver on its targets “by a long shot”.

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Housing body calls for proposed changes to be ‘expedited’

The HIA has urged for proposed changes to the national Building Code to be expedited in order to continue to provide the infrastructure that Australian communities “desperately need”.

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Household debt could lead to economic ‘catastrophe’

The chief executive of Financial Counselling Australia has said that mortgage stress is contributing to Australia’s “debt hangover”, and warned that rising interest and unemployment rates ...

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Non-major bank lifts rates

A non-major lender has announced that the variable interest rate for existing owner-occupied home loans and business loans will rise by 10 basis points, effective immediately.

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Melbourne properties selling fastest of any capital city

Fresh figures from CoreLogic have revealed that the turnaround time for Melbourne dwellings has fallen to a historic low of just 29 days.

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Aussies losing $8.3bn in savings every year

New research from CreditSimple.com.au reveals that Australians don’t know they can get better deals from banks, energy providers and telcos, and could collectively be missing out on up to ...

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