News

Sydney‘s striking ‘bird nest‘ building is on sale for $35 million

Barangaroo House Barangaroo House, one of Sydney’s most striking buildings, has gone on sale. It is on the market for approximately $35 million. The three-storey circular building belongs to listed property group Lendlease. One of Sydney’s most iconic buildings has gone on sale with a hefty price tag. The building — located at 35 Barangaroo Avenue on the south-west corner […]

The funk may be lifting for Australia‘s beleaguered retail sector

Scott Barbour/Getty Images Australian retail sales have been very weak recently, declining 0.4% in December before rebounding by a paltry 0.1% in January. Electronic spending at the NAB points to sales growing by 0.3% in February. The NAB expressed caution over the strength of apparent spending last month, noting it was not confirmed by other economic indicators. If electronic spending […]

Praise grows for Jacinda Ardern at home and abroad as New Zealand PM promises never to say Christchurch shooter‘s name

New Zealand Prime Minister Jacinda Ardern speaks to the media on March 16, 2019 in Wellington, New Zealand. Photo by Mark Tantrum/Getty Images New Zealand Prime Minister Jacinda Ardern has vowed never to utter the name of the suspected Christchurch gunman, as praise for her response to the mass shooting continues to grow. The nation’s first parliamentary sitting on Tuesday […]

Cheap iron ore just got a whole lot more expensive

WILLIAM WEST/AFP/Getty Images Lower grade iron ore prices soared to fresh multi-year highs on Tuesday. Prices for mid and higher grades went backwards, seeing the discount for lower grades narrow to the lowest level in nearly three years. There are reports that a major Brazilian iron ore mine operated by Vale will be allowed to resume operations following a Brazilian […]

The Australian dollar slips as trade concerns resurface

Clive Mason/Getty ImagesClive Mason/Getty Images The Australian dollar slid on Tuesday on renewed concern about US-Sino trade negotiations. The main event today will be the US fed’s latest interest rate decision and updated economic forecasts. Before the Fed, a senior RBA policymaker will deliver a speech. It’s expected to focus on developments in Australia’s housing market, so it could be […]

Australia finally receives some good news on the largest part of the economy

Juan Naharro Gimenez/WireImageIt’s been a while. Household spending in Australia was weak in the , contributing the slowdown in the broader economy. A measure of economy-wide spending from the Commonwealth Bank suggests consumption levels are improving. It picked up the deceleration in spending levels seen late last year. The RBA says there is “considerable uncertainty around the outlook for consumption”. […]

Relax, Australian housing bears. Financial regulators think they have this downturn covered

Oli Scarff/Getty Images Australia’s Council of Financial Regulators (CFR) appears relaxed about recent weakness in the housing market. It said recent price declines have been “orderly”, adding that it “does not raise material financial stability concerns”. The Council acknowledged that the outlook for housing market activity and prices remains “uncertain”. Relax, Australian housing bears. We’ve got this. That’s the broad […]