Home loans lift but first home buyer share at record lows

From

Housing Finance; NAB Business Survey; Weekly Consumer Confidence The number of new owner-occupier housing loans (commitments) was up by 0.3 per cent in July but the value was unchanged. Excluding the refinancing of dwellings, the number of loans was down by 0.7 per cent. The value of all investment and owner-occupier loans rose by 2.7 per […]

continue reading

Business confidence lifts; Export sales at 13-year high

From

NAB Business Survey; Credit & debit card lending; Weekly Consumer Confidence Business conditions and confidence: The NAB business confidence index rose 7.8 points to +11.0 points in July – a 10-month high. The business conditions index improved from +2.5 points to +8.2 points – a four year high. The survey was conducted from July 25 to […]

continue reading

Confidence stabilises but trend index at 20mth lows

From

Consumer sentiment The Westpac/Melbourne Institute index of consumer confidence rose modestly in February following the sharp slide in January. The index rose by 1.9 per cent to 106.6 in February. In trend terms confidence levels have been falling for the past five months and are holding at the lowest levels in 20 months. What does […]

continue reading

Confidence stabilises but trend index at 20mth lows

From

Consumer sentiment The Westpac/Melbourne Institute index of consumer confidence rose modestly in February following the sharp slide in January. The index rose by 1.9 per cent to 106.6 in February. In trend terms confidence levels have been falling for the past five months and are holding at the lowest levels in 20 months. What does […]

continue reading

Young workers miss out in job stakes

From

Latest economic news There were fewer young Australians with jobs at the end of 2010 than a year earlier. Employment for those aged between 15-19 years actually fell by 6,100 in 2010 with the slump concentrated amongst women. The big winners in the job stakes in 2010 were senior Australians. Employment for those aged 65 […]

continue reading

Floods disaster dents confidence

From

Consumer sentiment The Westpac/Melbourne Institute index of consumer confidence fell sharply in the latest month as the flood disaster in Queensland impacted sentiment. The index fell by 5.7 per cent to 104.7 in December. Excluding Queensland, confidence levels fell 3.2 per cent. The January seasonal factors exacerbated the slide in confidence. In fact in original […]

continue reading

Investor Signposts: Week Beginning November 28 2010

From

The big picture There’s no doubt that researchers have it easy nowadays compared with their predecessors even just a decade ago. There is just so much information freely available. And it’s important to note that the definition of researchers can cover a broad cross-section of people. It may be economists, small-business people, local governments and […]

continue reading

Credit card balances edge higher

From

Credit/debit cards Credit card balances rose in September. The average credit card balance stood at a $3,261.60 in September, up $7.90 on August. The average credit card balance is up just 3.7 per cent on a year earlier – the slowest annual growth in seven months. The number of credit card cash advances in September […]

continue reading

Confidence falls to five month low on rate hike

From

Housing finance; Consumer sentiment As expected, the Westpac/Melbourne Institute index of consumer confidence fell in the latest month in response to the latest interest rate hike. The index fell by 5.4 per cent to a five-month low of 110.7 in November. Home lending recorded a modest rise in September. The number of new home loans […]

continue reading

Reserve Bank returns to watchful stance

From

RBA Statement on Monetary Policy; PCI The Reserve Bank has tinkered with economic growth forecasts, but the trajectory is largely unchanged. However the Reserve Bank has modestly downgraded inflation forecasts. The economy is tipped to grow by 3.50-3.75 per cent over 2011 and 3.75-4.00 per cent over 2012. Underlying inflation is tipped to be around […]

continue reading