Economy

Signs of animal spirits reviving as companies turn to growth

Bianca Hartge-Hazelman Australian businesses could be starting to unleash their animal spirits as fresh data suggests that more companies are focusing on growth rather than cost cutting.

Eco

Small business confidence remains patchy

Mark Mulligan Confidence among small business operators remains patchy despite improving conditions, according to a private sector survey, which also found that larger stock market-listed companies are starting to...

Crackdown on $1.5 billion illegal overseas gambling sector

The working group will provide recommendations for stamping out illegal betting, which may include requiring local internet service providers to block access to offshore bookmakers.

Patrick Bartley and John Stensholt The federal government and the Victorian government will announce a crackdown on the illegal offshore gambling industry, which is estimated to be worth $1.5 billion annually.

Travel

Asian markets give Australian inbound tourism a boost

International visitor spending is expected to rise by 6 per cent to $33 billion, with total spending including domestic tourism rising to $105 billion.

Jamie Freed A surge in the number of tourists from China, India and Singapore is expected to help drive strong growth in inbound tourism to Australia in the current financial year, says a new report from Tourism...

Nib set to beat policyholder growth target

Jessica Gardner The chief executive of health insurer nib, Mark Fitzgibbon, says the company will beat the 2 to 3 per cent growth in policyholders expected this year in the broader $19 billion sector.

Eco

Australia for sale: Investment bankers cashing in on Tony Abbott's infrastructure push

Prime Minister Tony Abbott  vowed to be

Brett Foley Australian Prime Minister Tony Abbott is turning out to be an investment banker's best friend.

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Michael Pascoe

Negative gearing is not so negative

Another bumper year for superannuation (Thumbnail)

Michael Pascoe Poor old negative gearing, carrying the can for perceived housing affordability problems, fitted out as a convenient scapegoat, so much easier to blame it than to deal with the myriad factors bearing...

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Housing

Students driving up inner city property prices: RBA

Hot property: Overseas buyers are active in the office and retail sector rigtht across the country.

Mark Mulligan Demand for student rental accommodation was driving up the premium for inner-city property in Sydney, but housing affordability in Australia generally was manageable, says the head of financial...

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Economy

Worst is yet to come: Goldman Sachs

housing

For Goldman Sachs, the worst is ahead for Australia and housing-bubble concerns will fade as the focus shifts to slowing jobs growth and inflation.

Economy

Sydneysiders fill Melbourne's cup

Fashion, fillies and fun epitomise  the Melbourne Cup carnival.

Mark Hawthorne As major events go, the Melbourne Cup carnival has often been a bellwether of the state of the Australian economy. And this year, it's NSW money that's propping up Victoria's spring racing calendar.

Tax

Australians confess to stashing $1b in assets offshore

Around $180 million in undeclared offshore income has now been recovered as part of the amnesty, the ATO said. A further $1 billion in assets has also been recovered.

Georgia Wilkins The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals.

Property

RBA slammed by real estate lobby group REINSW for property investor u-turn

The real estate industry has hit out at what it says it a u-turn by the RBA on property investment.

The Reserve Bank has been slammed for doing too little too late to curb risky lending to property investors

Petrol price drops put $625 a year back into shoppers' pockets

Retailers could benefit as falling petrol prices have put money back in consumers' pockets.

Jens Meyer As household finances improve to the tune of $625 a year and share prices fall, there are finally some reasons to buy retail stocks, Citi says.

Inflation

Consumer prices up 0.5% as fruit prices surge

Rising prices at the supermarket checkout: The weaker Aussie dollar has increased the cost of imported fruit and other produce including tobacco.

Mark Mulligan Consumer prices edged 0.5 per cent higher in the September quarter, as rises in the cost of fruit, houses, property rates, and vehicle charges were offset by falls in electricity and petrol.

Eco

Weak jobs, high Australian dollar should lead to rate cut: Goldman Sachs expert

Heading north: Experts are tipping interest rates to rise next year.

Vesna Poljak One of the region’s most senior ­fixed-income experts has underscored the divide between economists and the bond market by reasserting his call that the Reserve Bank of Australia may be...

Gareth Hutchens

Why negative gearing should be abolished

Monopoly house

Gareth Hutchens Economics teaches us to see things that we can’t see with our eyes.

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Eco

RBA concerned about global growth, says interest rates will stay low

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Mark Mulligan The Reserve Bank of Australia intensified its focus on global growth and market volatility in the minutes of its October policy meeting, with concerns about China, Japan and Europe more prominent...

Rising house prices to encourage household spending: ANZ

Australians are set to loosen the purse strings a little as rising house prices give consumer confidence a leg up.

Economy

'Not just chocolate biscuits': Deep corporate cost cutting tells tale of waning confidence

With growth hard to come by, many Australian companies are making cost cuts that go well beyond the chocolate biscuits in the kitchen, says CBA's Tim Rocks

Mark Mulligan Falling real incomes in Australia and global growth concerns are undermining corporate and consumer confidence and put at risk the government’s fiscal objectives, a conference heard on Monday.

Mining

Western Australia's doing it tough, says Kerry Stokes

Mining needs to be more efficient, says Kerry Stokes

Julie-anne Sprague Billionaire Perth-based businessman Kerry Stokes says economic conditions in his home state are the worst in nearly 25 years.

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