Home building starts down to lowest levels in 8 years
HOME building fell to its lowest level in eight years in the first three months of 2009, with work starting on just 30,949 properties. (more…)
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Local car market in trouble
NEW-CAR buyers may be in for an early Christmas treat as overburdened dealers rush to clear 2008 stock. (more…)
Australia’s Reserve bank says rate cut may be needed – SMH 19-8-08
Borrowers take heart: the Reserve Bank of Australia feels your pain.
The central bank, acknowledging a slump in borrowing, lower consumer confidence, and weaker growth prospects, says an early rate reduction may be needed. (more…)
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