Sydney losing battle to become a leading financial centre

James Eyers Sydney is failing in its quest to become a global financial centre, with a new report showing it has quickly fallen behind big Asian cities in a world ranking, raising questions about the efficacy of...


NSW government extends freeze on petroleum exploration licence applications

NSW minister for resources and energy Anthony Roberts announced that the freeze will be extended for another 12 months.

Angela Macdonald-Smith The NSW government has shrugged off federal criticism about the slow pace of development of its coal seam gas resources and instead extended a freeze on petroleum exploration licence applications, to...

RBA keen to rein in investors

Refurbished: 277 Forest Road, Bexley is in great condition and would make a good base for a young family.

Gareth Hutchens, Simon Johanson The Reserve Bank has become so concerned about overheating property markets in Sydney and Melbourne that it is openly questioning whether bank lending practices are ''conservative enough''.

Reserve Bank questions lenders over spiralling property markets in Melbourne and Sydney

House prices have grown so much that first home buyers

Gareth Hutchens and Simon Johanson The Reserve Bank has become so concerned about overheating property markets in Melbourne and Sydney that it is openly questioning whether bank lending practices are "conservative enough".


RBA looks to tighten screws on home loans

Glenn Stevens

James Eyers The Reserve Bank of Australia’s concerns about overheating property markets are growing deeper, with the central bank declaring it is in discussions with other regulators about “further...


Official BREE forecasts show tough times for resources set to continue

Official forecasts confirm the resources sector is set to face continuing price pressure.

Brian Robins and Jonathan Barrett The tough near term prospects for the resources sector are showing few signs of moderating, a trend confirmed by the latest quarterly forecast by the Bureau of Resource Economics and Energy.


Loose rules on foreign buyers, watchdog failure helping fuel housing market

NCH WKEND MAGAZINE. Home, house, real estate, economy, economic, money, australian dream, property, savings, saving, mortgage, home loan, boom, dollar, bank, banks, interest rates.  3rd JUNE 2010.  NCH WKEND MAGAZINE. 

Picture by SIMONE DE PEAK. SPECIALX 00000000

Misa Han The loose rules around foreign home buying and the watchdog's failure to enforce the existing rules are blamed for the frothiness in the housing market.

Surge in auditor warnings for ASX-listed companies


Gareth Hutchens and Adele Ferguson The number of Australian companies receiving warnings from auditors about their financial health has jumped to a higher level than that seen during the global financial crisis, new research shows.


Power privatisation backed by Energy Green Paper

The Green Paper is calling for price reform so that  calling for price reform

Brian Robins Power sector privatisation along with the roll-out of so-called smart-meters as well as improved measures by state government's to ensure gas reserves can be tapped have been highlighted in the...


The high cost of houses: someone else's problem

Monopoly house

Michael Pascoe House prices seem to be a problem for everyone except the federal government.


'Dr Doom' Nouriel Roubini’s firm warns of 20% Australian dollar slump

Dr Nouriel Roubini, co-founder and chairman of Roubini Global Economics.

Mark Mulligan The slowdown in China and a tighter federal budget will drive Australia’s growth as low as 2 per cent next year, allowing interest rate cuts and a 20 per cent devaluation in the Australian...

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ACCC should be stripped of Telstra pricing control, says report

The ACCC is currently running a large-scale review of Telstra's fixed line services, which could impact the price of phone, mobile and internet services across all carriers in Australia.

David Ramli The competition regulator should be stripped of its control over the pricing and access terms of Telstra’s wholesale phone and internet services, according to the draft report of the Harper...


Chinese demand underpins record growth in agriculture jobs

Job numbers in agriculture are growing strongly, thanks to Chinese demand.

Stephen Cauchi Jobs in agriculture have posted the biggest annual gain on record, according to an Commsec analysis of Australian Bureau of Statistics employment data.


End of China boom is hurting, but not all is lost

China US

Jared Lynch A slowing Chinese economy is eroding key commodity prices, but all is not what it seems according to Citi.


Luck running out: Peter Costello warns of hard days ahead as property market slows

Former federal treasurer Peter Costello.

Rose Powell Peter Costello has warned of widespread hardship when the property sector's rapid growth inevitably slows in an economy already manned by nervous consumers whose real wages are falling.


Australia's economy set to remain 'weak: Westpac-MI index

Patrick Commins Australia’s economy is likely to remain “weak” for the balance of this year and into the next, as sliding commodity prices offset better news among consumers and in the housing...


Wait continues for social benefit bonds decision

UnitingCare’s Newpin $7 million social benefit bond, the first in the NSW trial, recently passed its first 12-month hurdle delivering a return of 7.5 per cent for the year to investors.

Sally Rose Despite making all the right noises about supporting social bonds, the NSW government is yet to announce any further details about expanding its trial, leaving many in the non-profit and investment...


Sydney house prices to cool in 2015: ANZ

Mark Mulligan House price growth in Sydney will begin to cool next year as supply catches up with demand and the Reserve Bank of Australia starts looking at interest rate increases, according to the senior...


RBA awake to property bubble risk

RBA governor Glenn Stevens.

Michael Heath The Reserve Bank of Australia said it will monitor risks from rising property prices as policy makers reiterated a period of stability in record-low interest rates.

Risk, confidence key for economic pick-up, says RBA assistant governor Christopher Kent

Stephen Cauchi Non-mining business investment has been ''subdued'' but is looking up, Reserve Bank Assistant Governor Christopher Kent✓ told the Bloomberg Economic Summit in Sydney on Tuesday.