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Archive for the Australia's Economy category

Sep

Australian property market leads world

posted by admin in Australia's Economy, Housing Bubble, Housing Market

The Australian property market has been the top performer of the world over the past decade. The main feature has been the rapid rebound from the global financial crisis, according to international research firm IPD. IPD research indicates that the total return on Australian property was more than...Read more...

Sep

Unemployment falls

posted by admin in Australia's Economy, Interest Rates

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Employment is rising in Australia. The number of unemployed people decreased by 3.6 per cent to 607,700 according to the most recent data released by the Australian Bureau of Statistics. This means the surge in full-time jobs has cut the unemployment rate from 5.3 to 5.1 per cent. The Bureau of Statistics...Read more...

Sep

Australia boasts strong growth rate

posted by admin in Australia's Economy, Housing Market

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Once again Australia is showing its economic heels to the rest of the develop nations of the world. Australia's growth rate is one of the best in the developed economic world, ahead of the US, Britain and most of Europe. The national account economic numbers reveal an annual rate of 3.3%, ahead of...Read more...