A former royal commissioner is calling on Peter Dutton to convene a meeting of state and territory police ministers to act immediately to prevent Indigenous deaths in custody, following three people dying in jail in the past fortnight.
Interest rates were last year slashed to an all-time low of 0.1 per cent. The Reserve Bank of Australia, however, is worried with board members acknowledging the risks inherent in house prices.
Residential property prices rose 3.0 per cent in the December quarter 2020, the strongest quarterly growth since the December quarter 2019, according to.
MacroBusiness
Access Subscriber Only Content
at 12:08 am on March 17, 2021 | 43 comments
The Australian Bureau of Statistics (ABS) yesterday released Overseas Arrivals and Departures data for January, which confirmed that net migration into Australia remains negative.
There have been 20,800 net permanent & long-term departures since the pandemic hit in March 2020, representing the first time net arrivals have been negative since the series first began in 1976:
Australia has lost migrants since the COVID-19 pandemic first began.
There are 971 words left in this subscriber-only article.
Annual net long-term & permanent arrivals into Australia are the lowest in 28 years.
The monthly net permanent & long-term arrivals data is highly correlated with the official net overseas migration (NOM) data published later by the ABS. The next chart plots these two series, suggesting NOM is also headed for heavy falls:
Read more about Australia Market advances on Wall Street s lead, RBA minutes on Business Standard. At closing bell, the benchmark S&P/ASX200 advanced 54.12 points, or 0.8%, to 6,827.14. The broader All Ordinaries grew up 59.84 points, or 0.85%, to 7,078.98.