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Economics

AXA claims Australians are underinsured

Australians have less insurance than they need to protect their families and their income, according to recent research from AXA.

Economy strong; rates will rise: NAB survey

WITH AAP  |  TUESDAY, 14 OCT 2003
Australian business conditions remained robust in September, indicating unrelenting strength in the economy, the latest National Australia Bank (NAB) business survey shows.

Debt binge could prove costly

AAP  |  TUESDAY, 14 OCT 2003
The willingness of Australians to take on increasing debt to secure a stake in the property market could prove costly even if interests rates rise only modestly.

Shares expected to post solid returns in the coming year: Oliver

Shares are expected to post solid returns over the next six to 12 months on the back of low interest rates and a positive outlook for the economy (which should boost profits).

APEC will seek to exorcise the failures of WTO Cancun

Next week's meeting of heads of states and ministers at the Asia-Pacific Economic Cooperation (APEC) meeting in Bangkok, Thailand, will focus on multilateral trade and security issues.

Building activity falls: ABS

AAP  |  MONDAY, 13 OCT 2003
Building activity fell in the June quarter for the first time in more than two years, new figures released today showed.

Overseas arrivals and departures data reveal slight upsurge: ABS

The latest data for overseas arrivals and departures has revealed a 0.4 per cent increase in the number of short-term visitor arrivals for the month of August, compared with the data for July.

Labour lashes out against government's 'phoney portability' of super

Labour's Senator Nick Sherry, the shadow minister for retirement incomes and savings, says the so-called portability mark II regulations gazetted last week by the Assistant Treasurer Helen Coonan are 'weak and wimpy'.

Construction of houses during August increases 2.1%: ABS

The Australian Bureau of Statistics (ABS) has today revealed a 2.1 per cent increase in the number of houses being constructed or bought to 58,741 during the month of August as compared to July.

August House finance supported by low rates: economists

AAP  |  FRIDAY, 10 OCT 2003
Housing finance approvals remained strong in August, underscoring the mix of low interest rates, low unemployment and rising house prices, economists said.