Car sales hit record highs; New home sales lift

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New home sales; Performance of Services; New vehicle sales New home sales rise: New home sales rose by 3.3 per cent in August after slumping by 5.7 per cent in... Read more continue reading

Dwelling approvals hit record highs

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Dwelling Approvals; International Trade; RBA Senate Testimony Dwelling approvals: Dwelling approvals rose by 3.0 per cent in August and are up 14.5 per cent over the year. Over past 12 months... Read more continue reading

House prices take a breather over September

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RP Data‑Rismark report that Australian dwelling prices rose by a small 0.1% over September.  Annual growth eased to 9.3%. Dwelling prices growth has been strongest in Australia’s two largest capital... Read more continue reading

Weekly market & economic update – week ending 26 September, 2014

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Investment markets and key developments over the past week Share markets had a rough week weighed down by a combination of worries about the Fed, tough action against US companies... Read more continue reading

Record Wealth! RBA open to “macroprudential” tools

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Financial Accounts; Population; Job Vacancies; Final Budget Outcome Household wealth stood at a record $7,780.6 billion at the end of June, up $97.4 billion or 1.3 per cent over the quarter. In... Read more continue reading

What is needed to drive consumer spending?

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Real wages growth will remain low while the labour market is weak.  Real household disposable income growth will continue to run at a below‑average pace and therefore act as a... Read more continue reading

Spending growth extends into the fourth year

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Commonwealth Bank Business Sales Index Economy-wide spending grew at “normal” pace in August, moving the sales expansion into the fourth year. The Commonwealth Bank Business Sales Indicator (BSI) – a... Read more continue reading

Petrol prices drift higher; Asian shares slide

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Weekly Petrol Prices; Sharemarket trends Petrol prices rise: According to the Australian Institute of Petroleum, the national average Australian price of petrol rose by 2.8 cents per litre to 147.6... Read more continue reading

Jobs up most in a decade, but record fall in mining

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Employment by Industry Industry employment: Employment rose by 119,800 over the three months to August – the biggest quarterly increase in over almost a decade (since November 2004). Mining jobs fall: Mining... Read more continue reading