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Economy

Melbourne’s 2016 investment hotspots revealed

The head of a peak real estate body has identified 12 suburbs as the ones for investors to watch this year due to strong price growth, continued gentrification and reduced time on market.

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Investor activity set to rise

A leading real estate group believes more investors will re-enter the property market as volatility in Australia’s share market continues.

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ME names new chairman

Industry super fund-owned bank ME has announced a new chairman following the group’s annual general meeting.

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Bank warns clients of ‘major correction’

RBS has advised its clients to “sell everything” except for high quality bonds and warned of a "major correction" triggered by China’s debt-driven expansion.

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Sydney drives auction market decline

Activity in Australia’s auction market has deteriorated over the past 12 months, with fewer auctions held and more homes passed in.

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YBR sees 50% increase in settlements

Yellow Brick Road recorded its highest month of mortgage settlements in December.

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Four capitals see dwelling prices rise

Brisbane has entered 2016 as the country’s fastest-growing capital city market, while Sydney is the biggest loser.

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Banks losing business following rate hikes

Banks have shot themselves in the foot with their recent rate hikes, according to one industry figure, who suggests that consumers are tiring of footing the bill for perceived excesses in ...

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Apartment approvals plummet in November

The latest figures from the Australian Bureau of Statistics show building approvals fell by 12.7 per cent in November after rising for two months.

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RBA troubled with low inflation: HSBC

Persistently low inflation is creating a headache for the Reserve Bank of Australia, especially given that it is reluctant to make further cuts to interest rates, according to HSBC.

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