RBA Governor calls recession
  (Category: Financial News )
Reserve Bank of Australia (RBA) Governor Glenn Stevens says Australia is in recession, but the country's long-term economic prospects remain strong and there is good reason to believe it will continue to weather the storm better than most other natio...

  First homebuyers storm the market
  (Category: Financial News )
Almost 30,000 first homebuyers have taken advantage of the governments' boost to the first home owners grant (FHOG). According to statistics provided to the Australian Financial Review by the minister for housing, 29, 489 people had received the f...

  Kevin Rudd plans third stimulus as G20 leaders meet on economic crisis
  (Category: Financial News )
TREASURY is preparing the ground for a massive new burst of fiscal stimulus in next month's budget, declaring that the measures to date have averted a plunge in consumer spending. Retail sales figures released yesterday show that although there wa...

  CNN NEWS-1 April 09
  (Category: Financial News )
(CNN) 1 April 2009 -- Asia's economic growth will tumble to the slowest pace since the 1997-1998 Asian financial crisis, the Asian Development Bank (ADB) said in a report released Tuesday. The Asian Development Outlook 2009 forecasts that economic...

  THE housing industry is booming thanks to the First Home Owners Boost - and builders are having a hard time keeping up.
  (Category: Financial News )
The State Housing Minister, Jennifer Rankine, today joined other ministers in Adelaide to announce the latest statistics. By the end of last month, 3351 South Australians had taken up the First Home Owners Boost, which in October was raised to $14...

  ANZ to expand operations in China
  (Category: Financial News )
Australia and New Zealand Banking Group Ltd has announced plans to expand its footprint in China as part of its push to become a regional banking power in Asia. ANZ said it would focus on the high-growth regions of the Yangtze River delta includin...

  POTENTIAL first-home buyers are at risk of paying too much for a property and are being urged not to buy for the sake of it.
  (Category: Financial News )
Real Estate Institute of SA president Robin Turner said the June 30 cut-off for the First Home Owner Grant had pushed up prices in the $300,000 to $400,000 market. He warned prices would get higher. "If history is any gauge we could easily see a ...

  Shares close at 6-week high
  (Category: Financial News )
Australian shares closed at their highest since February 13 as hopes of a new bail-out plan for US banks spurred buying of local financial stocks. Miners and energy shares also advanced. The benchmark S&P/ASX200 index ended the day up 2.4%, or 84....

  Federal government won't commit to extending higher grants for First-Home Buyers beyond 30th June
  (Category: Financial News )
The federal government won't commit to extending higher grants for first-home buyers beyond the end of June. The higher grants - part of the government's first stimulus package - appear to have prompted a surge in housing finance, according to da...

  Breaking News from The Australian
  (Category: Financial News )
Since October, the Rudd Government has been been spending with unprecedented aggression to halt the vulpine creep of the global financial crisis. So far, Treasurer Wayne Swan has pumped $42 billion into the economy and he has promised more if we ...