Economists say up to 110,000 jobs could be lost when JobKeeper ends this month smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.
Jarden Brief: Bitcoin climbs another 5 per cent
10 Mar, 2021 07:24 PM
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Bitcoin is now valued at US$57,000. Photo / Getty Images
NZ Herald
Jarden
New Zealand Yesterday was a particularly good session for larger stocks with the NZ10 up 1.2 per cent. Meanwhile, the NZ50 rose 0.9 per cent with the rise dominated by the top-performing sectors of healthcare (up 2 per cent), utilities (up 1.5 per cent) and industrials (up 0.9 per cent). The worst performing sectors were energy, down 1.8 per cent and consumer non-cyclicals falling another 1.1 per cent for the day.
Air New Zealand was the biggest gainer of the session advancing 3.5 per cent. Energy generator and retailer Contact Energy rose 3.2 per cent and Fisher and Paykel Healthcare increased 2.9 per cent.
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Property prices set to boom 16pc, says CBA
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The property housing market is on the verge of a boom and property prices are expected to rise as much as 16 per cent over the next two years, Commonwealth Bank economists have forecast.
Property prices are set to boom.
Peter Braig
“The Australian housing market is on the cusp of a boom,” CBA’s Gareth Aird said in a note to clients on Monday.
The bank economists expect national dwelling prices to rise by 8 per cent in 2021 and 6 per cent in 2022 and a result “tilted towards stronger outcomes” was more likely.
Most Australians are expecting property prices to increase as interest rates hit a record low, a new survey has found.
A Westpac-Melbourne Institute barometer of public attitudes taken this month found 57.8 per cent of people are expecting house prices to rise, compared with just 30.9 per cent two years ago.
As of January 2021, 12.9 per cent of Australians are expecting house prices to climb by more than ten per cent - the highest since the start of the pandemic.
A Westpac-Melbourne Institute barometer of public attitudes taken this month found 57.8 per cent of people are expecting house prices to rise, compared just 30.9 per cent two years ago. Pictured is a Brisbane auction in 2020. Pictured is a file image of an auction