The outlook in the building and construction sector is concerning as government stimulus spending winds down, says the peak body of the industry.
The value of construction work done unexpectedly slumped in the September quarter, led by a drop in completed residential buildings compared with the previous three months.
Amidst the reported presence of cancer-causing chemicals on Queensland’s emerging liquefied natural gas (LNG) and coal seam gas (CSG) operations, a new research apparently showed that despite the risks it brings, the state’s mining industry hauled in an estimated $3.8 billion in tax revenues for the past financial year.
One in four Australians dealt with financial trouble in the last 12 months, according to new research released today by Citibank.
A sound fiscal policy and a lean budget plan could help the federal government in effectively curbing runaway public consumption instead of over-reliance on tweaking Australia’s interest rates.
A new survey has established an emerging reality that soon-to-be retiring Australians were clueless on most of the superannuation terms currently in use and may be ill-prepared for imminent retirement.
Spending across Australia continued to be snail-paced in October after contracting for 10 consecutive months, according to the latest Commonwealth Bank Business Sales Indicator (BSI) released today.
New research reveals Australians are missing an opportunity to save a staggering $743 million per year on insurance by not shopping around.
Wage increases for Australia's workers have been the predominant occurrence in the quarter ending September, data from the Australian Bureau of Statistics (ABS) said Wednesday.
Sports utility vehicles (SUV) continue to lord it over as it registered record sales anew in October yet the numbers proved insufficient for the industry as the overall turnovers of motor vehicles in Australia suffered a decline in the month.
National Australia Bank (ASX: NAB) is the latest among the country's major banks to lift rates above central bank levels.
Queensland’s ongoing state asset sales is expected to fetch some $15 billion to be added on the state government coffers though authorities maintained that the total haul would not be known until the float of QR National has been fully accomplished.
Australia's mining boom and the related high Aussie dollar is playing havoc with the country's manufacturing industry, a union says.
Consumer confidence is putting a damper on retailers' Christmas spirits, according to an industry body.
Business conditions slumped to their lowest in October, following a significant slowdown in activity in the construction and retail sector.
Australia's housing sector is providing the basis for robust demand for structural wood products in Australia, according to new research.
Australian borrowers are taking flight to refinancing and lowest possible rates as the polical debate on banking competition intensifies.
Crocodile Dundee star Paul Hogan is set to argue his case as the tax fraud case filed against the Australian commenced its hearing on Monday in the Federal Court of Sydney.
South Australia is all set for a bumper season as the state government announced that farmers in the region would harvest a total of 9.62 million tonnes, the biggest crop yield ever for the state since the 9.4 million tonnes recorded in 2001.
Australia's construction industry remained damp in October largely due to persistent weakness in activity and new orders, although the rate of contraction was less than the previous month, a survey has found.
Australian retailers are increasingly concerned of the sector's persistent weakness even during traditional shopping periods.
Travellers can look forward for a much better access to Brisbane Airport as work on the bypass road to the terminal has been progressing well and first stage of the project should be unveiled within the next few days.
The Australian economy is still nursing some soft spots as the latest retails sales data suggested that consumers remain wary of spending their hard-earned money.
The rising Australian dollar is crushing Australia's export industry, new data show as the Aussie overnight powered to $1.0064, its highest since 1982, after the Federal Reserve began a new chapter in quantitative easing.
Building approvals, which continued to slide in September, confirm the industry is weakening.
Australia's services industry lifted in October for the first time in six months as measures of sales, new orders and wages advanced, a private survey revealed.
The Reserve Bank has raised its key interest rates by 25 basis points to 4.75 percent from 4.5 percent to contain further economic expansion in the near term.
While fresh traffic data on southeast Queensland showed that travel time movement barely surged from the past three years, the state government is convinced that the latest figures represented growing demands from the area’s burgeoning population.
Manufacturing activity still contracted albeit at a slower pace in October, amid persistent pressure from a strong Australian currency and sluggish domestic demand, a survey has found.
New financial aggregates data from the Reserve Bank of Australia show that credit demand remains soft.
