Alexandra Kerr said she and her husband Shaun Taylor made eight unsuccessful offers over 18 months in Brisbane’s rising market before finally buying their first home in April.
Jo Townsend, who manages A$28 billion ($26.3 billion) in pensions for Australian retail workers, allocated almost all new equity investments in 2013 offshore. That’s a departure from two years ago.
Futures traders have turned bullish on the Australian dollar for the first time in 11 months, as the currency climbed as much as 9 percent from a 3 1/2-year low reached in January.
The Australian dollar slid against all its major peers as a slump in global stock markets damped demand for higher-yielding currencies.
The Australian dollar is set to retreat from a five-month high versus the greenback, technical indicators suggest, threatening to end its longest weekly winning streak in 20 months.
The Australian and New Zealand dollars are poised to reverse this year’s advance as a recovery in the U.S. reduces the South Pacific nations’ interest-rate advantage.
Prime Minister Tony Abbott’s Liberal party won control of all but one of Australia’s states after a Tasmania election victory, helping his bid to cut red tape and sell infrastructure assets.
Dividends at Australian companies are increasing at the fastest pace among the developed world’s largest stock markets amid project spending cuts and an unstable global economic recovery.
Leaning on the wheel of his patrol boat, Myti Wood points to the multibillion-dollar natural gas plant emerging on the shores of Darwin’s harbor in the far north of Australia.
Following is a summary of Australia’s building approval figures for September, seasonally adjusted, released by the Australian Bureau of Statistics in Sydney.