Global crackdown on tax havens fails to sway Australian companies

island

Georgia Wilkins and Heath Aston More than half of Australia's top 200 companies listed on the stock exchange have subsidiaries in tax havens or low-tax jursidictions.

Eco

Wealthy investors 'well placed' to survive property downturn, says RBA

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Edmund Tadros Most housing investor debt is owed by high-income households with the ability to service their payments when property price growth moderates, the Reserve Bank says.

Housing

Aussie Home Loans' John Symond says housing solution lies in supply

An orderly supply of housing is what is needed.

Shaun Drummond Aussie Home Loans executive chairman John Symond says governments should dampen property prices by increasing housing supply rather than regulators intervening to douse demand.

Reserve Bank of Australia Governor Glenn Stevens says loan limits 'worth a try'

RBA Governor Glenn Stevens has sought a weaker currency to spur economic growth, now the international investors in the nation's debt are suffering the consequences.

Stephen Cauchi The use of macroprudential tools to cool down the housing market was "sound and sensible" with "not much downside", Reserve Bank Governor Glenn Stevens told a leading economic forum on Thursday.

Economy

RBA's Glenn Stevens sceptical but open to limits on investor loans

Reserve Bank governor Glenn Stevens says the

Stephen Cauchi Reserve Bank of Australia Governor Glenn Stevens may consider some limits home loans to investors to stop distortions in the housing market.

Property

Home buyers battle for fewer properties

Auctioneer Richard Earle sells 22 Miller Grove, in Melbourne's Kew, for $2,395,000.

Home hunters are battling for fewer properties as the traditional spring market heats up.

Economy

Australian job vacancies dip in August quarter

Employment

Job vacancies in Australia dipped slightly in the three months to August after hitting their highest in over a year, pointing to moderate growth in the demand for labour.

Eco

Sydney losing battle to become a leading financial centre

Sydney CBD

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...

Eco

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".

Housing

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...

Mining

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.

Housing

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

ASX

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.

Energy

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...

Economy

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.

Economy

'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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Telcos

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...

Agri

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.