RBA warning to banking sector; More people in homes

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Financial Stability Review RBA highlights risk to banking sector. “Risks to the Australian banking system have increased somewhat over the past six months from banks’ lending to other sectors. The

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Housing boom hasn’t peaked; Confidence lifts

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Dwelling starts; Consumer confidence; Chinese inflation data Consumer sentiment: The Westpac/Melbourne Institute index of consumer confidence rose by 4.2 per cent in October to 97.8. A reading of 100 is

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Aussies have never been wealthier

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Financial Accounts; Population Total household wealth (net worth) stood at a record $8,416.8 billion at the end of June 2015, up $225.5 billion or 2.8 per cent over the quarter.

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Aussie shareholders prepare for big payouts

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Economic and Financial market perspectives Cash payouts: Over the next two months, conservatively around $22 billion (or around 1.4 per cent of GDP) will be paid out by companies in

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Chinese retail sales: fastest growth in 8 months

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Chinese economic data Chinese retail sales rose by 10.8 per cent annual rate in year to August. The result was above forecasts (+10.5 per cent) and above the 10.5 per

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Lending consolidates

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Lending finance Lending: Total new loans (personal, business, housing & lease) fell by 0.1 per cent in July to $74.1 billion after a 1.3 per cent rise in June. New

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Household incomes lift; Chinese tourists in vogue

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Tourism data; Household wealth and income distribution The latest comprehensive analysis of income and wealth levels provides a different perspective on wealth and home ownership. Inequality across Australian households has

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Australia completes 24th consecutive year of growth

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National accounts Slower growth: The Australian economy grew by 0.2 per cent in the June quarter after a 0.9 per cent increase in the March quarter. Forecasts had centred on

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Petrol at 4-month lows; Inflation contained

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Weekly petrol report; Inflation gauge Petrol prices: According to the Australian Institute of Petroleum, the national average Australian price of petrol fell by 2.5 cents per litre to a 4-month

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Soft landing for construction work

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Construction work done Construction activity lifts: Construction work done in the June quarter rose by 1.6 per cent, driven by a 5.6 per cent rebound in engineering work. Residential work

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