Innovative partnerships see inner city housing boom
The NSW Government has appointed a consortium including one of Australia’s leading community housing providers, Bridge Housing, and national infrastructure developer Capella Capital, to deliver the $230 million renewal of Elizabeth Street, Redfern. Minister for Planning and Minister for Homes Anthony Roberts said the development will see around 300 new homes built, including over 100…
Skills Boost For Victorians Seeking New Digital Careers
The Andrews Labor Government is creating hundreds more opportunities for Victorians to start new digital careers. Minister for Industry and Innovation Ben Carroll today visited Victoria University, to hear about the success of the $63.8 million Digital Jobs program and welcome new recruits for its sixth round. The program supports mid-career Victorians through 12-week intensive…
RMB remains fifth most active currency by value
The Chinese currency renminbi (RMB), or the yuan, remained the fifth most active currency for global payments by value in December 2022, a report has showed. The RMB’s global share stood at 2.15 percent last month, according to the Society for Worldwide Interbank Financial Telecommunication, a global provider of financial messaging services. In terms of…
CommSec morning report 25 January 2023
In US economic data, the ‘flash’ S&P Global composite purchasing managers index (PMI) rose from 45 to 46.6 in January. The manufacturing PMI rose from 46.2 to 46.8 (survey: 46). The services PMI rose from 44.7 to 46.6 (survey: 45). The Richmond manufacturing index fell from +1 to -11 in January (survey: -5). Chain store…
Evening markets report 24 January 2023
For the first time in six months the Australian share market has finished higher for a fifth straight day, with the ASX 200 lifting by 33 pts or 0.44 per cent to 7490.4. While tomorrow’s December quarter update on Australian inflation (CPI) has the potential to snap the bourse’s winning streak, gains from our major…
Home finance companies and directors to pay $150,000
Home finance companies General Commercial Group Pty Ltd (formerly known as Urban Commercial Group) and Eden Capital (Australia) Pty Ltd (formerly known as Southside Lending) have each been penalised $50,000 by the Federal Court for failing to cooperate with the Australian Financial Complaints Authority (AFCA). General Commercial director Dale Brendan Heremaia and his son, Eden…
Western Australia continues to lead the country
Ideally, Gross State Product (GSP) would be used to assess broad economic growth. But the data isn’t available quarterly. We have previously used state final demand (household and equipment spending) plus exports less imports to act as a proxy for GSP. But the Bureau of Statistics doesn’t provide long-term trade data for all states and…
$1.5 million to expand popular FADs program
McGowan Government invests $1.5 million for new Fish Aggregating Devices 40 new FADs will provide more sport fishing opportunities for recreational fishers The McGowan Government is investing an additional $1.5 million to expand the popular Fish Aggregating Devices (FADs) program, providing exciting sport fishing opportunities for recreational fishers over the next three years. Committed as…
Thousands register for Shared Equity Home Buyer Helper
Thousands of nurses, teachers and police officers have registered their interest in buying their first home with as little as a 2 per cent deposit under the NSW Government’s Shared Equity Home Buyer Helper which launches today. Key worker first-home buyers, including nurses, midwives, paramedics, police officers, teachers and early childhood educators, can apply. Single…
Outbound travel market sees recovery at Spring Festival
On the first day of the Chinese Lunar New Year, a Chinese tourist surnamed Wu landed in Bangkok, Thailand, together with her parents, at the start of a long-awaited vacation. “I wanted to take my family to Thailand a few years ago, but it was put on hold due to the COVID-19 pandemic,” said Wu,…
