Australia Retail Sales Rise Modestly in Feb Thanks to Taylor Swift Concerts usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Australia s money transit provider Armaguard said on Thursday it had secured the funding needed to avoid insolvency from parent firm Linfox, easing concerns among top supermarket chains and banks.
Australia Inflation Holds at Two-Year Low of 3 4% in Feb usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
SYDNEY (Reuters) -Australia's housing shortage may be driving prices higher but is locking out first-time homeowners and migrants needed to fill skills shortages across the country, the CEOs of Australia's three largest banks said on Tuesday. After years of ultra-low interest rates pushed home prices higher, Australia faces a long-term drop in the number of younger people buying homes, which could mean more people retiring in weaker financial positions, according to a 2023 government report. At a banking conference in Sydney, the heads of Commonwealth Bank, National Australia Bank and Westpac, Australia's top 3 lenders, blamed a housing supply shortage and urged local governments to speed up planning approvals.
Australia faces housing affordability problems for first-time homeowners but the country s property market is fundamentally in good shape, the CEO of third-biggest lender Westpac Banking Corp said.