Economic News

Major bank economists are tipping interest rate cuts of more than 1 per cent next year as the pain of the past 15 months finally takes effect and slows the economy.

The demand for industrial and logistics assets across Australia this year – sparked by unprecedented growth in e-commerce – is reflected in the list of the 10 most-viewed properties on realcommercial.com.au in the last 12 months.

The Federal Government has delivered one of Australia’s most important budgets in decades, as it plots a path out of the financial challenges wrought by COVID-19. Small to medium businesses, the manufacturing industry and farming …

Victorian businesses will share in $3 billion worth of coronavirus financial assistance after the State Government announced the biggest financial support package in the state’s history.

Property developers have stepped up calls for the Victorian government to move quickly to stimulate building projects or risk the state’s key growth engine stalling.

The prudential regulator and the banking industry are in deep discussions about cushioning the impact of the nation’s looming financial “cliff” by trading a longer period of loan deferrals for extended capital relief.

Panic-buying of groceries and ­household products such as toilet paper, pasta, flour and handwash amid an escalating fear of the COVID-19 pandemic drove the biggest ever monthly jump in retail spending, ABS data has revealed.

The Prime Minister Scott Morrison says Australia is “many weeks away” from easing coronavirus restrictions as the country works towards flattening the curve. While we wait for social distancing measures to be relaxed, it’s worthwhile considering what our economy will look like post COVID-19.

Funds inflow to property investment will continue, underpinning solid returns in the short term.