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24.09.26 - 08:30
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Australians ′scrambling′ for second jobs to deal with rising mortgage repayments and cost of living (The Guardian)
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Latest data also shows unemployment at highest level since the pandemic, which analysts doubt will stop RBA hiking interest ratesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralians are “scrambling” to find more work to cover soaring living expenses and prepare for higher mortgage costs, economists say, after new data showed unemployment ticked up to it's highest rate since the pandemic.The key jobless figure lifted to 4.6% in August, from 4.5% the month before, according to the Australian Bureau of Statistics. Continue reading......
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08.09.26 - 06:18
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Bathla Crisis Exposes Australia′s Property Lending Risks (Bloomberg)
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Insolvent Australian property developer Bathla Group has secured enough stopgap funding to survive a few weeks, but it still faces $2.5 billion in creditor claims. Thousands of homebuyers remain in limbo after the firm told 213 staff members to stop work, halting construction on some projects. Bloomberg Economist James McIntyre and Private Credit Reporter Sharon Klyne join "Bloomberg: The Asia Trade" to discuss the implications for Australia's property sector. (Source: Bloomberg)...
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01.09.26 - 02:42
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Australia Housing Boom Shows Signs of Cracking (Bloomberg)
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For the past three decades, rising Australian housing prices have enriched families and made property the engine of household wealth. Now the boom is under threat, and the consequences are rippling across the financial system. Bloomberg's Paul Allen looks at what that means for property buyers and sellers in Sydney. (Source: Bloomberg)...
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