Economic News

The host of this year’s World Cup has one of the planet’s best soccer teams – and some of its priciest commercial real estate.

The Reserve Bank of Australia’s latest decision to keep interest rates on hold again signalled that the economy was still sluggish, but it did not stop property investors flocking to auctions during the week. The …

Burgess Rawson’s portfolio auctions last week showed no sign of post-Budget blues, with sales up 46% compared with last year’s May event.

Investment analysts say the Abbott Government’s first Budget appears designed to help investors make more money, not take it away from them.

Official interest rates remain on hold, with the Reserve Bank of Australia opting to continue its run of stability. Governor Glenn Stevens said demand for labour had been weak in the past year and the unemployment …

The Port of Melbourne has created industrial hubs the envy of other states. But landlords can charge up to 35% less than interstate peers.

The Federal Budget matters for the property industry, which accounts for 11.5% of GDP and $34 billion in state & federal taxes.

The Reserve Bank of Australia said it would support a “steady-as-she-goes” position on interest rates in the short-term, according to the minutes of its last meeting which were published last week. The central bank said …

Don’t let the futuristic skyline and dazzling lights fool you; commercial property prices and rents peaked six years ago.