Real estate agent warns on macro-prudential policy as banks say no change in consumer behaviour yet

Michael Koziol and Alana Schetzer One of the nation's largest real estate agents has warned the Reserve Bank of Australia against putting limits on home loans.


New home sales rebound in August

New home sales have rebounded, suggesting construction will remain strong into 2015.


Services sector activity falls for 7th month

Activity in the services sector has fallen for the seventh consecutive month, but there are signs that it might be getting ready for a recovery.


Apartments lead Australia's new home sales rebound in August

Sales of apartments jumped more than 19 per cent in August.

Sales of new homes in Australia rose 3.3 per cent in August, partially reversing a fall in the previous month to remain at a historically high level, an industry survey showed on Friday.

RBA may consider more forward-looking housing-loan conditions

James Eyers and Gareth Hutchens ANZ chief executive Mike Smith says home buyers must heed warnings that property prices can fall and is unperturbed about the prospect of central bank intervention to curb lending, saying such action...


Business leaders to face parliamentary inquiry on tax avoidance


Heath Aston and Georgia Wilkins The heads of Australia's biggest companies and foreign multinationals, including Apple, Google and coal miner Glencore, are expected to be hauled in front of a parliamentary inquiry into tax...

Trade deficit narrows in August

The ABS said the total value of goods and services exports was down $413 million, or 2 per cent, to $26.4 billion, while the value of imports fell by $701 million, or 3 per cent, to $27.2 billion.

Mark Mulligan Australia's trade deficit continued to narrow in August, as the value of exports fell less than those of imports.


RBA eyes limits on housing investment, but coy on details at Senate hearing


Gareth Hutchens and AAP New regulations to curb some of the investor froth in the housing market look set to be introduced before the end of the year.


Building approvals rose in August

Over the 12 months to August, building approvals were up 14.5 per cent.

Approvals for the construction of new homes rose 3.0 per cent across Australia in August, official figures show.


Bubble-busting: 'macroprudential policies' for home loans explained


Misa Han It's a phrase you're likely to hear a lot of in the next little while, because "macroprudential tools" are back on the economic agenda. But what does that actually mean?

Canberra retail sales slump amid public service cuts


Emma Kelly ACT retailers experienced the second-largest slump in trade in August as public service job cuts continue to pull back spending.

Domestic tourism to benefit from sliding Australian dollar

Alana Schetzer, Scott Parker and Lisa Visentin The plummeting Australian dollar may be causing woes for intrepid Australians travelling abroad, but for the domestic tourism industry it is good news.


Shoppers stay home in August as retail sales fall flat

Shoppers in Sydney's Pitt Street Mall.

Mark Mulligan Shoppers stayed at home in August according to Australian Bureau of Statistics retail data released on Wednesday that showed turnover in the sector rose a paltry 0.


House price growth flatlines in September

National house price growth took a breather in September.

Mark Mulligan House price growth across the country cooled a little in the quarter just ended, after a virtually flat September, according to sector monitor RP Data Corelogic.


Super accounts get skinny to pay for weight-loss surgery

Fiona Wardrup with her pre-weight loss pants.

Alana Schetzer Thousands of Australians are taking money from their retirement nest eggs to pay for weight-loss surgery and other life-saving medical treatments that are not covered by Medicare.


Growing global debt pile prompts recession warning

The global debt pile is getting tougher to tackle, a new report warns.

Mark Mulligan Developed economies are at risk of becoming trapped in a low-growth, low-inflation cycle in which debt will be hard to pay down, according to an ominous report.


Loans growth short of forecasts with business lending flat

Fixed mortgage rates: the pros and cons (Thumbnail)

Mark Mulligan Lending by banks and other financial institutions expanded at a slower pace than expected in August, as growth in mortgages failed to compensate for flatness in the business sector.

AMP chief backs Reserve on housing controls

Craig Meller of AMP: ''That is the big challenge for the country.  It is not the demand side but the supply side that needs addressing.''

Gareth Hutchens and James Eyers with Karen Maley AMP chief executive Craig Meller has backed macro-prudential measures by the central bank to stem the sharp rise in housing prices, but said they will not address the fundamental driver of...


Kill negative gearing to calm housing market, says Saul Eslake

for sale.

Karen Maley A leading economist has called on Canberra to put an end to negative gearing for new investors as the best way to dampen frothy property markets in Sydney and Melbourne.

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RBA says low dollar no saviour for manufacturing

Stephen Cauchi A lower exchange rate would not have helped manufacturing during the mining boom, according to modelling conducted by the Reserve Bank.