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Daily economic update

PETER BELL  |  TUESDAY, 8 AUG 2006
In its quarterly monetary policy statement last Friday the RBA hinted that further rate increases in the near term were still a possibility because of the buoyancy of the housing market, where it said that conditions had picked up in the first six months ...

Labor unveils plan to export financial services

KATE HAGE  |  FRIDAY, 4 AUG 2006
Kevin Rudd, Shadow Minister for Foreign Affairs and Trade and International Security, won a lot of votes from a hardened crowd at yesterday's annual Investment and Financial Services Association (IFSA) conference by unveiling a plan to rebuild Australia's ...

Demand absorbs 9 per cent increase in office supply: PCA

ALEX DUNNIN  |  THURSDAY, 3 AUG 2006
Tenant demand for commercial office property is driving down vacancy rates despite increasing supply in the property market. According to the latest Office Market Report from the Property Council of Australia, over the last six months vacancy levels ...

Borrowers in trouble after rate hike

The country's peak building and construction group fears the Reserve Bank's move to lift interest rates by 0.25 per cent represents a financial blow that many home owners can ill afford. Wilhelm Harnisch, chief executive of Master Builders Australia ...

Costs of multiple super too hard to address: max Super

HAMISH MADDEN  |  WEDNESDAY, 2 AUG 2006
Confirming the worst, research by max Super has revealed that over one-third of Australians have multiple super accounts which could see them missing out on $60,000 in retirement. The recent max Super survey found that more than 38 per cent of Australians ...

Future Fund keeps capital deployment close to its chest

KATE HAGE  |  TUESDAY, 1 AUG 2006
Trade with China and commodities are still the mainstays of the Australian economy, said Future Fund chairman, David Murray, at a Fidelity Investments forum yesterday, while speculating that it could be a year or more before Future Fund capital is deployed. ...

Vanguard says volatility points to indexing

HAMISH MADDEN  |  FRIDAY, 28 JUL 2006
If you are looking for your cash plus returns back in a year's time, then roll the dice but Vanguard doesn't want to know about it. If you are serious about a genuine long-term horizon, though, then indexing is a better than average bet. According to ...

Inaction is not the best action

Industry experts have argued that the recent market correction should compel mums-and-dads to re-balance their investment portfolios, not sit back and wait for the storm to pass. Michael Hutton, financial planning partner of HLB Mann Judd Sydney, said ...

Centro grows on virtues of diversification

HAMISH MADDEN  |  THURSDAY, 27 JUL 2006
Centro Property Group's direct property trusts have continued to outperform and the group is not only trumpeting their performance figures but the diversification benefits on offer. Centro announced that its Direct Property Fund (DPF) had returned 18.2 ...

Market wrap

AAP  |  WEDNESDAY, 26 JUL 2006
The share market is expected to open higher, helped by a positive lead from Wall Street and higher commodities prices. On the Sydney Futures Exchange, the September share price index contract was up 28 points at 4,988 at 0749 AEST. The Australian Bureau ...