Luci Ellis News
-
When Patricia Apps’s teenager was looking for career advice about becoming an economist, the professor of public economics at Sydney University advised her daughter to study law instead.
-
The U.S. needs to make its mortgage market more attractive for banks and provide additional adjustable rates for homeowners to improve the health of the housing industry, a Reserve Bank of Australia official said.
-
Australia’s consumers and companies are showing more caution than before the global financial crisis, even as a mining boom stokes the nation’s economy, a central bank official said.
-
Australia’s housing market will probably avoid a U.S.-style slump because lending standards are higher and borrowers are able to pay down debt faster than required, a Reserve Bank of Australia official said.
-
Regulators should focus on preventing their economies from overheating and remain flexible to respond to emerging risks in the financial system, a Reserve Bank of Australia official said.
-
Bank regulators must coordinate efforts to detect concentrations of risk and leverage before they threaten global financial stability, a Reserve Bank of Australia official said.
-
Australian banks must maintain lending standards to prevent a surge in house prices that is being stoked by faster population growth from turning into a bubble, a central bank official said.
-
Luxury resorts along Queensland’s coast, a destination for Great Barrier Reef visitors, are selling at a fraction of peak prices as a rising Australian dollar sends domestic vacationers overseas and hampers a recovery from last year’s hurricanes.
-
The International Monetary Fund cautioned that housing in Australia may be overvalued and a reversal in prices could hurt consumers in one of the few advanced economies to skirt last year’s global recession.
-
Foreign buyers of Australian bank bonds are increasingly concerned a bubble is developing in the nation’s property market, according to Fitch Ratings.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page