The value of investor loans in Australia just fell to a 5-year low

iStockNo storm clouds. Yet. The value and number of owner-occupier home loans increased modestly in July, leading to a modest increase in the total value of housing finance. The value of investor lending continued to fall, reflecting both tighter lending standards and recent declines in home prices in Sydney and Melbourne, previously favorite markets for investors. JP Morgan says recent […]

These 3 charts show why Australia‘s federal budget position is rapidly improving

MARK GRAHAM/AFP/Getty ImagesPrime Minister Scott Morrison. Australia’s federal budget has been in deficit since the GFC. However, given current forecasts from Treasury, that will soon come to an end, and While firmer economic growth both at home and abroad, along with higher commodity prices, have clearly played a part in the improvement in the budget bottom line, it’s not the […]

Peter Dutton is now at war with his former Border Force boss over the au pair affair

Getty ImagesHome Affairs minister Peter Dutton. Home Affairs minister Peter Dutton has accused the former Australian Border Force chief, Roman Quaedvlieg, of fabricating evidence to a Senate inquiry and suggested he has mental health issues. Dutton’s attack on his one-time right hand man – who was dismissed earlier this year for misconduct – came after Quaedvlieg claimed that the minister’s […]

Iron ore prices surge

Octavio Passos/Getty ImagesRiding the wave. Iron ore prices surged on Thursday. The benchmark price for 62% fines logged its largest gain in a month. The strength in iron ore markets followed a steep rebound in Chinese steel prices, helped by news of further steel production cuts in Tangshan, a major steel production hub in China. Chinese steel and bulk commodity […]

‘BUCKLE UP‘: Why it could be a wild session for the Australian dollar

Oleg Nikishin/Getty ImagesBoom! The Australian dollar stabilised on Thursday, finishing mixed against the crosses. The AUD/USD continues to receive support on any dip towards the .7150 level. New US tariffs on Chinese imports could be announced as soon as today. US non-farm payrolls for August will also be released. The Australian dollar stabilised on Thursday, finishing mixed against the crosses. […]

Apartment construction in Australia is tanking

China Photos/Getty Images.Photo: Getty Images Activity levels across Australia’s construction sector improved for a 19th consecutive month in August. While overall activity levels improved, they deteriorated among a majority of sectors, particularly for apartment builders. Experts don’t see the outlook for residential construction improving anytime soon. Activity levels in Australia’s construction industry continue to improve on the back of strength […]

ASX200 boards are edging closer to 30% female directors

Australian Diamonds. Picture: Getty Images Women now account for 28.5% of ASX200 board positions. The AICD, the peak company director body, says the year to date appointment rate for women is strong at 50%. There are now only three companies with no women on their boards, down from 30 companies when the AICD released its inaugural gender diversity report in […]