Affordability worsens: Moody's says mortgage repayment burden up in year to March
Digging deeper: Housing affordability worsened in the 12 months to the end of March. Glenn Hunt Housing affordability has worsened in the past 12 months, with homeowners forced to spend a larger proportion of their income on monthly mortgage repayments, according to Moody's Investor Service.Affordability deteriorated in all capital cities except Perth, in the 12 months ended March 31.Australian households spent an average of 27.6 per cent of th..>> view originalRBA cash rate heading to zero: leading analyst
Australia is "clearly converging" to the low inflation, low rate world, Algebris Investments' Alberto Gallo says. Photo: Bloomberg Australia may be heading towards zero interest rates in the coming five years, one of the world's leading credit strategists says.While hardly a household name, the views of Alberto Gallo carry weight. He developed a cult following in the industry during his time as head of global macro credit research at investment bank RBS.The i..>> view originalAirport queue fast-track: Fee proposal for passengers' priority Customs checks backed by tourism industry
Airport queue fast-track: Fee proposal for passengers' priority Customs checks backed by tourism industry Posted May 05, 2016 16:06:05 A proposal to allow airline passengers to pay a fee to pass through Australia's Immigration and Customs queues more quickly has been backed by the tourism industry.The plan for a paid, fast-tracked airport processing scheme was included in the federal budget earlier this week.Tourism and Transport Forum chief executive Margy Osmond sai..>> view originalPhilip Lowe named next RBA governor
Philip Lowe named next RBA governor Philip Lowe, a globally trained monetary policy specialist widely regarded as one of the best central bankers of his generation, has been given the job of running the Reserve Bank of Australia just as it enters unprecedented territory with record-low interest rates and the sudden spectre of deflation.Dr Lowe, the deputy governor since early 2012, takes over the nation's most important economic job in September from governor Glenn Stevens who w..>> view originalRetail spending rose 0.4% in March
Australian Dollar Rises Against Majors
The Australian dollar strengthened against the other major currencies in the Asian session on Thursday. The Australian dollar rose to a 2-day high of 0.9627 against the Canadian dollar, from yesterday's closing value of 0.9588. Against the euro and the yen, the aussie edged up to 1.5319 and 80.31 from yesterday's closing quotes of 1.5395 and 79.71, respectively. Against the U.S. and the New Zealand dollars, the aussie advanced to 0.7495 and 1.0875 from yesterday's closing quotes of 0.7451 and ..>> view originalFonterra cuts Aus farmgate milk price
Frank Lowy's successor feels like Pele sub
The successor to Frank Lowy (pic) at Scentre Group feels like he's replacing soccer great Pele.Frank Lowy's successor at Scentre Group feels like he's coming off the bench to replace soccer great Pele.Mr Lowy stepped down as chairman of Scentre Group, the owner of Westfield shopping malls in Australia and New Zealand, and handed the reins to director Brian Schwartz on Thursday.A former Football Federation of Australia (FFA) chair, Mr Lowy plans to stay on as Westfield Corporation chairman.Mr Sch..>> view original
Thursday, May 5, 2016
Affordability worsens: Moody's says mortgage repayment burden up in year to March and other top stories.
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