News Australia

One in 10 Australian households is in housing stress and at risk of financial hardship and poverty, a new report says. Renters and first home buyers are most under pressure, with 26 per cent of renters and 15 per cent of first home buyers in housing stress, the Australians for Affordable Housing (AAH) said on [...]

Australian shares have plummeted to levels not seen since the global financial crisis as investors come to the realisation that major world economies are headed for another downturn. The local market mirrored massive falls on Wall Street and in Europe, shedding over $50 billion on Friday, and around $100 billion in the week, the worst [...]

AUSTRALIAN institutional investors, worth hundreds of billions of dollars, are trailing their European counterparts in funding projects to tackle climate change because of delays getting a carbon price established. In a global survey of 90 firms – owning and managing assets of $12 trillion – Australian respondents said they were eager to develop an approach [...]

The Australian dollar’s strong foreign exchange rate is not putting off overseas property investors. According to David Rees, head of research and consulting at JLL Australasian, the country has one of the most "transparent real estate markets in the world and good financial regulation". These factors are attracting foreign investments, along with Australia‘s proximity and [...]