Australia’s financial system is in sound shape, with the main risks coming from offshore and maybe housing, although on the latter point the Reserve Bank is comfortable with the current state of play in lending and household finances. Those were the key points from the Reserve Bank’s semi-annual Financial Stability Review.
FOR those with a vested interest in the residential market and those who are considering buying residential property, some recent figures hint at the future direction of the market.
These have to do with population growth and employment and both have the potential to impact positively on the housing industry. [Read more…]
The salary packaging industry is built on tax breaks. The Government is showing just how risky that strategy can be. Some companies say they’re facing decimation as the Government plugs the budget hole left by axing the carbon tax.
Caterpillar has reported a 43.5 per cent drop in quarterly profit and cut its outlook for the year, blaming steeper-than-expected inventory reductions by dealers and continued weak demand from the mining industry.