Australia’s economic downturn appears to be going from bad to worse as virus lockdowns in the nation’s biggest states become broader.
ECONOMY
The RBA governor has conceded the economy will likely contract in the September quarter, interrupting the strong recovery from last year’s recession.
Australians could use a vaccine passport system linked to QR codes from October, according to reports.
The Reserve Bank of Australia has held official interest rates at record low levels and kept its quantitative easing program unchanged.
Australia's central bank will likely reverse its decision to taper its bond buying programme if Sydney remains in a coronavirus lockdown, bank economists say.
All non-essential retailing is now closed in Greater Sydney and the construction industry is shut down until 30 July.
There was much excitement last week when the RBA shifted to saying their “central scenario” is that a rise won’t be needed “before 2024″.
Ross Gittens remains to be convinced that a Big Australia would be better either for our material living standards or environment.
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Market pressure has been forecast to intensify over the next 12 months on the New South Wales North Coast, consolidating big price gains already recorded in one of Australia’s most in-demand regional areas.
Western Australia’s regional markets are expected to continue their simultaneous upswing into 2022, with low stock levels driving annual price growth across the entirety of the state.
South East Queensland and outer suburban areas have dominated a list of Australia’s most contested property markets, where auctions are attracting hordes of active bidders, motivating sellers to start to mobilise.
Regional house price growth has been exceptionally strong over the past year, but knowing how to capitalise on this market and where to look as a prospective buyer is not always easy.
As competition for well-located properties intensifies, developers are increasingly seeking off-market opportunities to amalgamate sites. But what should you do if a property developer comes knocking on your door?
With rents around Australia at record highs, landlords have been facing a challenging balancing act in securing the best yield possible while retaining loyal tenants who may have experienced economic hardship.
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