Ripe for reform: pandemic crisis exposes fault lines in Australia s fruit industry msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
A new report has revealed the most affordable suburbs in Australia’s capital cities. The report from property intelligence platform Archistar found that first homebuyer affordability has improved to become the best on record. The most affordable state in Australia is the Northern Territory, while New South Wales remains the most expensive.
A new report has revealed the most affordable suburbs in Australia’s capital cities.
Research from property intelligence platform Archistar has found an improvement in first home buyer affordability to become the best on record.
The company’s National First Home Buyer Affordability Index found home buyer affordability dropped to 72.57 during the September quarter of 2020 – the lowest point since the record began in 2007.
Sydney COVID-19 outbreak could derail budget update forecasts
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Sydney COVID-19 outbreak could derail budget update forecasts
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Sydney’s localised coronavirus outbreak has cast doubt over the mid-year budget update just a day after its release as signs grow job markets in key parts of rural Australia are failing to recover as quickly as the rest of the country.
People line up for a COVID-19 test in Sydney. Even a localised outbreak could hurt the recently updated federal budget.
Credit:Nick Moir
After forecasting in October a deficit of $213.7 billion for the current financial year, Treasurer Josh Frydenberg on Thursday said it was now likely to be $197.7 billion. Stronger iron ore prices plus better economic fundamentals were behind the improvement.
Tamworth: Council approves 4th McDonald s in Australia s fattest town townsvillebulletin.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from townsvillebulletin.com.au Daily Mail and Mail on Sunday newspapers.
Australian Government Upgrades Recovery Outlook But Will Continue with Deficit Spending
Australian federal government will continue with its big deficit spending to keep up the economic momentum despite a better-than-expected performance in jobs growth and economic activity.
The economy is expected to grow by 0.75 percent in 2020/21, a big turnaround from the 1.5 percent decline predicted. The improvement is primarily due to stronger consumer spending and housing investment than anticipated.
The unemployment rate is also getting back on track, with around 85 percent of the 1.3 million people who lost their job in April already back at work. The Australian Bureau of Statistics reported current unemployment rates stand at 6.8 percent for November with 90,000 new jobs being added to the economy last month, mostly driven by the restriction ease in Victoria.