New property listings decreased in April

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Figures released yesterday by SQM Research reveal national residential property listings decreased in April by 4.9% from 307,847 listings in March 2020 to 292,775. Compared to 12 months ago, listings were down by 11.9%. All capital cities experienced decreases in property listings over the month except for Canberra which posted a marginal 0.4% increase. The... Read more continue reading

Petrol prices near 16-year low

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Adelaide, Brisbane and Sydney petrol prices lift Weekly Petrol Prices Petrol prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 2.3 cents to a near 16-year low of 98.3 cents a litre last week (lowest since August 2004). East Coast & Adelaide petrol prices lift: According to... Read more continue reading

Weekly market update – week ending 1 May, 2020

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Investment markets and key developments over the past week Despite sharp falls late in the week, share markets rose over the past week as whole as news of an easing in lockdowns continued. While the Australian share market pulled back sharply on Friday led by material and property stocks, it still saw a solid gain... Read more continue reading

Home sales hit 29-year lows – accommodation costs fall the most in 18 years

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Home sales hit 29-year lows Accommodation costs fall the most in 18 years Home prices; Producer prices; Manufacturing; COVID-19 impact on households Home prices: The CoreLogic Home Value Index of national home prices rose by 0.3 per cent in April – the weakest increase in 9 months to be up 8.3 per cent on the year. Capital... Read more continue reading

Biggest lift in business loans in 32 years

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Private sector credit; Export/import prices; China data Lending: Private sector credit (effectively outstanding loans) rose by 1.1 per cent in March after rising by 0.4 per cent in February. Annual credit growth rose from 2.7 per cent to 3.6 per cent. Business credit rose by 2.9 per cent in March – the biggest monthly gain... Read more continue reading

Highest headline inflation in 5½ years   

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Consumer price index Inflation: The Consumer Price Index – the main measure of inflation in Australia – rose by 0.3 per cent in the March quarter (consensus: 0.2 per cent). In seasonally adjusted terms the CPI rose by 0.4 per cent. The annual rate of headline inflation lifted from 1.8 per cent to 2.2 per... Read more continue reading

Petrol prices hit 15-year low

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Singapore gasoline prices at 21-year lows Weekly Petrol Prices; China data Petrol prices: According to the Australian Institute of Petroleum, the national average price of unleaded petrol fell by 6.6 cents to a 15-year low of 100.6 cents a litre last week (lowest since February 2005). MotorMouth records the following average retail prices for unleaded... Read more continue reading

Weekly market update – week ending 24 February, 2020

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Investment markets and key developments over the past week Share markets pulled back over the last week as oil prices fell further, not helped by very poor economic data. However, the falls were relatively mild compared to the 20% plus rally from the March low point. Australian shares were dragged down by around 4.5% for... Read more continue reading

CommSec State of the States – April 2020

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Overall results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses long-term averages to determine the level of ‘normal’ interest rates; we... Read more continue reading

Record lift in retail sales; Job ads slide

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Retail trade; Skilled job vacancies; New home sales Retail trade: ‘Preliminary’ retail trade rose by a record 8.2 per cent in March, after a 0.5 per cent gain in February. Skilled job vacancies: In trend terms, the Internet Vacancy Index (IVI) fell 5.3 per cent in March (or 7,700 job advertisements). Over the year, job... Read more continue reading