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RBA makes July cash rate announcement

Source: Reserve Bank of Australia At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number…

Dwelling approvals continue to rise in trend terms

Source: Australian Bureau of Statistics The number of dwellings approved rose 0.9 per cent in May 2016, in trend terms, and has risen for six months, according to data released by the Australian Bureau of Statistics (ABS) today. Dwelling approvals increased in May in the Northern Territory (18.7 per cent), Australian Capital Territory (8.2 per…

Population growth strongest in Victoria

Source: Australian Property Investor The latest demographic statistics released by the Australian Bureau of Statistics (ABS) show the pace of population growth steadied in the latter half of 2015, though there are quite wide divergences between the states and territories, according to the Housing Industry Association (HIA). The ABS figures show Australia’s population reached 23.94…

Former PM hits out at past negative gearing failure

Source: Smart Property Investor With the negative gearing debate refusing to go away, John Howard has reminded voters of where it all went wrong. Speaking at the First National Real Estate convention yesterday, Mr Howard lamented that the ongoing debate about negative gearing policy – fuelled by the upcoming federal election – was not giving enough…

Negative Gearing Announcement Welcomed

Source: HIA The Housing Industry Association (HIA) has welcomed the announcement by the Prime Minister and Treasurer that negative gearing arrangements will remain unchanged. “Negative gearing promotes private investment in the residential rental market, stimulates economic activity and relieves pressure off social housing and ultimately the public purse,” said HIA Chief Executive Industry Policy and…

Young women increasingly anxious about their finances

Source: The Age website Young women have much higher levels of anxiety than the rest of the Australian population and financial problems are a key cause of their stress. An annual survey of wellbeing by the National Australia Bank shows the level of anxiety reported by women under the age of 30 is at the…