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Differentiation the key to investment property: Westpac

AAP  |  WEDNESDAY, 10 MAR 2004
Differentiation should be a key concern for people shopping for investment property, Westpac Banking Corp's head of property Frank Allen said yesterday. Mr Allen said the residential property market was already showing signs of softening but was unlikely ...

Market Wrap

AAP  |  WEDNESDAY, 10 MAR 2004
The Australian dollar has opened weaker after selling of the euro and sterling against the United States dollar overnight dragged the local currency down. At 7am (AEDT) the local currency was trading at 75.88 US cents compared with yesterday's close ...

Australia Post to sell $230 million of three-year bonds

AAP  |  TUESDAY, 9 MAR 2004
Commonwealth Government-owned business Australia Post will sell $230 million of three-year bonds to refinance maturing debt, National Australia Bank Ltd (NAB) said yesterday. National Australia Bank is managing the sale. Australia Post, which will use ...

Adelaide Bank launches $800 million local securitisation program

AAP  |  TUESDAY, 9 MAR 2004
Adelaide Bank has followed up from last year's entry into the corporate bond market with another $800 million issue yesterday. The bank announced the launch of its eighth domestic issue under its TORRENS residential mortgage lending securitisation program. ...

Market Wrap

AAP  |  TUESDAY, 9 MAR 2004
The Australian dollar opened broadly unchanged from yesterday as it held onto gains made against a weaker United States dollar. At 0700 AEDT the local currency was trading at $US0.7574/82 compared with yesterday's close of $0.7575/80. It traded between ...

Market Wrap

AAP  |  MONDAY, 8 MAR 2004
The Australian dollar opened stronger, after weaker-than-expected United States jobs number sent most currencies higher against the US dollar. At 0700 AEDT the local currency was trading at $US0.7594/99 compared with yesterday's close of $0.7509/19. ...

House prices after surge 6% in Q4

AAP  |  FRIDAY, 5 MAR 2004
Australian house prices skyrocketed in the final three months of 2003. Australian Bureau of Statistics figures released yesterday showed a house price index jumped 6% in the December quarter - the largest quarterly rise in almost 15 years. This compared ...

Free trade deal goes public, but attacked over PBS

AAP  |  FRIDAY, 5 MAR 2004
The 1,000 page free trade deal with the United States was released publicly yesterday and immediately slammed for undermining Australia's cheap medicines system. Officials were unable to explain a key detail in the agreement which will allow decisions ...

Market Wrap

AAP  |  FRIDAY, 5 MAR 2004
The Australian dollar opened slightly weaker, as the United States dollar gained moderately against the euro after expectations of a rate cut in Europe were quashed overnight. At 0700 AEDT the local currency was trading at $US0.7503/08 compared with ...

Single economic market for Australia and New Zealand getting closer

AAP  |  THURSDAY, 4 MAR 2004
Australia and New Zealand yesterday committed themselves to quickening the pace towards a single economic market, but a single currency is still off the agenda. Prime ministers John Howard and Helen Clark said both countries were keen to see a single ...