The industrial and commercial community has urged the federal government to relax restrictions on skilled immigrants to accelerate infrastructure construction without incurring cost overruns. After RBA President Philip Lowe said the government could do more in infrastructure investment, Peter Burn, head of policy at the Australian Industry Group (AIG), said that by accepting more skilled…
Reserve Bank of Australia Governor Philip Lowe called for an increase in infrastructure spending across the country, including railroads, bridges and roads, which is directly contrary to Prime Minister Morrison’s views. Morrison said this week that the federal government “has almost reached the top of the number of infrastructure projects that can be carried out…
Former Victorian Liberal Party member of the Federal House of Representatives Sarah Henderson won the party’s by-election, and she will represent the Victorian Liberal Party to fill the vacant Federal Senate seat. The Victorian Senate seat was vacant due to the resignation of former communications minister Mitch Fifield and the appointment of Australia’s permanent ambassador…
The Morrison government launched a global program to find exceptional technical talent to boost Australian productivity, while the number of immigrants in Australia fell to 160,000, the lowest in a decade. The Australian newspaper reported that it had granted 160,323 permanent residence visas in the 2018/19 fiscal year. The highest level of the Labour Party…
The study published by Corelogic analyzed the highest and highest rate of increase in house prices across Australia in the 12 months to November 2018. Despite the loss of foreign buyers, oversupply of housing stocks and tighter loan conditions, the real estate market has been weak, and the regional housing market has been strengthened with…
National Australia Bank forecasts a quarterly economic growth of only 0.2 percentage points, bringing the annual growth rate to 1.2%. The latest survey of the retail industry shows that the recent tax cuts and interest rate cuts have not yet entered the national retail industry. According to statistics from the Bureau of Statistics, retail sales…
Australian Foreign Minister Marise Payne welcomed the withdrawal of the extradition bill in Hong Kong. Earlier, the bill triggered violent protests in Hong Kong, China. The Chief Executive of the Hong Kong Special Administrative Region, Mrs Lam, said on Wednesday night that Hong Kong has become a strange place. Foreign Minister Marise Payne said this…
According to Chris Richardson, a researcher at Deloitte Access Economics, the Australian economy is largely immune to the Sino-US trade war. The Australian Bureau of Statistics will release economic data for the previous quarter in June. Economists predict that Australia’s GDP growth will slow. Chris Richardson told Skynews’s show host that consumers are still reluctant…
Australian Prime Minister Morrison said he expects the National Account data to be released on Wednesday to show that the June quarter was “very difficult.” Previously, the domestic and global headwinds are getting bigger and bigger. It is expected that in the year ending June 30, Australia’s economic growth will stagnate at a level slightly…
Although the liquidation rate continues to rise and buyer confidence has returned to the housing market, experts predict that housing prices in the residential market will not increase significantly. Last weekend, the auction clearance rate in Sydney and Melbourne rushed to the highest point in two years, mainly due to the fall in interest rates…