• First home buyers numbers continue to rise
    AAP2 days ago

    First home buyers numbers continue to rise

    First home buyers have grabbed a larger slice of the property pie, while investors' share shrinks, official home loan approvals figures show. The number of loans to first home buyers rose to a five-year high in November to account for 18 per cent of total owner-occupied home borrowings. This is

  • Home loan values lift 2.3% in Nov
    AAP2 days ago

    Home loan values lift 2.3% in Nov

    The number of first-home buyers has continued to rise but investors have retreated from the property market, official home loan approvals figures show. The total value of new home loan approvals rose 2.3 per cent to $33.5 billion in November. The market had expected a 0.2 per cent fall.

  • Aust shares lower at lunch
    AAP2 days ago

    Aust shares lower at lunch

    The Australian share market remains in negative territory, driven lower by a very poor session for the miners and weakness in the big banks. The benchmark S&P/ASX200 index down 31.7 points, or 0.52 per ...

  • Consumer confidence hits four-year high
    AAP3 days ago

    Consumer confidence hits four-year high

    Consumer confidence has risen to a more-than-four-year high thanks to surprisingly strong building approvals and retail spending figures. The latest ANZ-Roy Morgan Consumer Confidence Index rose 1.2 per cent to 123.5 points in the week to January 14 - its highest level since October 2013. Pushing the

  • AAP3 days ago

    Consumer confidence hits four-year-high

    Consumer confidence has risen to more than a four-year high, following the release of positive building approvals and retail sales data. The latest ANZ-Roy Morgan Consumer Confidence Index shows a 1.2 ...

  • House prices up almost 4% over 12 months
    AAP4 days ago

    House prices up almost 4% over 12 months

    Home prices across Australia's five major capital cities have fallen slightly over the past week, but have risen close to four per cent on where they were this time last year. Residential property values fell an average of 0.1 per cent across Sydney, Melbourne, Brisbane, Perth and Adelaide in the

  • AAP10 days ago

    Home building approvals leapt in late 2017

    A surge in construction activity for new apartments and townhouses in Victoria, Western Australia and Tasmania has fuelled a spike in the latest national building approval figures. Overall approvals for ...

  • Building approvals jump 11.7% in November
    AAP10 days ago

    Building approvals jump 11.7% in November

    Approvals for the construction of new homes have jumped by 11.7 per cent, boosted by a spike in apartment and townhouse construction activity in Victoria, Western Australia and Tasmania. The Australian dollar moved higher after the data's release by Australian Bureau of Statistics at 1130 AEDT,

  • Festive mood lifts confidence to 2013-high
    AAP10 days ago

    Festive mood lifts confidence to 2013-high

    The latest ANZ-Roy Morgan Consumer Confidence Index shows a 4.7 per cent rise from mid-December to 122 points - its highest since November 2013 - thanks to significant increases in all sub components. Notably, consumers remained optimistic about financial conditions, with sentiment towards both current

  • Aust shares look set to open up slightly
    AAP10 days ago

    Aust shares look set to open up slightly

    The Australian share market looks set to open slightly higher after Wall Street struggled to make gains, pressured by losses in healthcare and bank stocks. At 0700 AEDT on Tuesday, the share price futures ...

  • Flat week for capital city house prices
    AAP11 days ago

    Flat week for capital city house prices

    National home prices remained flat last week, but the continued drift in Sydney means they dropped on a monthly basis. Home values excluding auctions in the week to January 7 were steady as slight falls ...

  • $1.2bn of investor loans switched in Nov
    AAP21 days ago

    $1.2bn of investor loans switched in Nov

    The RBA's monthly financial aggregates, released on Friday, show housing credit growth continued to moderate in November, falling to 0.4 per cent from 0.5 per cent in October. The RBA estimates that $61 billion of home loans have been switched to owner-occupier since July 2015, with investor lending

  • AAP24 days ago

    Sydney shoppers chase Boxing Day bargains

    Dozens of shoppers have camped out in Sydney's CBD overnight ahead of Boxing Day sales, with some sacrificing their Christmas evening for a chance to bag a bargain. Several hundred people were waiting outside Myer's Sydney store when doors opened at 5am on Tuesday, with one group arriving on

  • House prices expected to fall in 2018
    AAP28 days ago

    House prices expected to fall in 2018

    CoreLogic head of research Tim Lawless' expectations for the housing market in 2018: * National dwelling values are tipped to fall further in 2018, driven lower by falls across Sydney and to a lesser extent, ...

  • AAPlast month

    Mortgage shock in store for many Aussies

    More than $100 billion worth of interest-only mortgages will expire before mid-next year, ramping up the pressure on home owners, a senior analyst warns. USB economist George Tharenou says home owners ...

  • Aust shares look set to open firmly higher
    AAPlast month

    Aust shares look set to open firmly higher

    The Australian share market looks set to open markedly higher after expectations that the US tax reform bill will be passed this week boosted Wall Street equities. At 0700 AEDT on Tuesday, the share price ...

  • Home sales rise while prices dip slightly
    AAPlast month

    Home sales rise while prices dip slightly

    The number of homes taken to auction across the combined capital cities has fallen over the past week, along with housing prices. Only 2,865 homes went under the hammer in the week to December 17, compared ...

  • AAPlast month

    CBA exec Shortt moves to NZ to lead ASB

    Commonwealth Bank has appointed Vittoria Shortt to lead NZ subsidiary ASB. Ms Shortt, who has been with CBA since 2002 and is currently the lender's marketing and strategy group executive, will replace retiring chief executive Barbara Chapman in February. "Vittoria's breadth of operating

  • AAPlast month

    A year of impressive economic records

    All good things come to an end, they say, and that could well be the case for record-low interest rates in 2018. Scott Morrison could be the first federal treasurer since late 2010 having to awkwardly explain an increase in official interest rates if the economy continues to build a head of steam.

  • Shares fall but jobs growth lifts $A
    AAPlast month

    Shares fall but jobs growth lifts $A

    The share market has lost ground as gains for materials and energy companies were offset by falls in the utilities and property trust sectors, and the Australian dollar has been boosted by strong jobs ...

  • Jobs growth hit two year high in November
    AAPlast month

    Jobs growth hit two year high in November

    The economy added far more jobs than expected in November, underlining the strength of the labour market that has grown by 383,000 positions in the past twelve months. The total number of jobs rose by 61,600 in November, data from the Australian Bureau of Statistics showed, the biggest increase in more

  • Big job gains thanks to our policies: PM
    AAPlast month

    Big job gains thanks to our policies: PM

    Prime Minister Malcolm Turnbull is claiming credit for another surge in the number of Australians finding work, saying his government's policies are boosting confidence. "Our policies are restoring confidence to business, and business is responding by investing, creating more jobs, and hiring

  • Gains by miners and energy push ASX higher
    AAPlast month

    Gains by miners and energy push ASX higher

    The Australian share market is higher at noon following strong gains by mining and energy stocks. The benchmark S&P/ASX200 stock index was up 10.2 points, or 0.17 per cent, at 6,032.0 points at 1200 AEDT. ...

  • AAPlast month

    Unemployment rate steady at 5.4%

    Australia's unemployment rate has remained unchanged, but the economy added far more jobs than expected in November. The unemployment rate was steady at 5.4 per cent, official figures show, matching market expectations. Full-time employment rose by 41,900 jobs while part-time positions increased

  • Aust shares look set to open modestly up
    AAPlast month

    Aust shares look set to open modestly up

    The Australian share market looks set to open higher amid continuing positive sentiment and after better-than-expected produce price index figures boost Wall Street's Dow and S&P500 indexes. At 0700 AEDT ...