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21.10.2020

Finance news

Want to know the latest news about Australia? We’ve got it covered.

We guarantee the most up-to-date new stories about finances in Australia, including pensions, financial planning, property, banking, shares and more. They’re written by local and international reporters exclusively for you.

Online Retail Boost

09 June 2020 In: Finance, Economy, General

Online Retail sales across Australia rose to $2,703m in April making up 11.1% of total retail sales. The figures show an almost 5% increase in online retail purchases during the month. In March 2020, online retailing made up 7.1% of total retail sales. In original terms, online sales rose 26.4% in April, following a rise of 23.5% in March 2020. Rises were seen in the online sales of both pure-play and multi channel retailers. Online…

Australia trade surplus

06 June 2020 In: Finance, Economy, General

Australia trade has remained buoyant for the fourth quarter in succession. Australia recorded an $8.4 billion current account surplus in the March quarter 2020, the fourth in succession, as COVID-19 effects impacted international trade. The current account surplus was driven by a trade surplus of $19.2 billion and a narrowing of the net income deficit to $10.6 billion, according to the latest information released by the Australian Bureau of Statistics. ABS Chief Economist Bruce Hockman…

Australia Property Investment

24 May 2020 In: Property, Finance, Economy, General

Australia Property Investment: Here are ten locations across Australia that are worth investigating for investment purposes if you are seeking an apartment / unit with the prospect of solid returns. 1. Hobart apartments Tasmania as a whole has risen to the top of many property investors lists, mainly because it is affordable compared to Australia’s other state capitals, but also due to lifestyle factors which continue to draw people to the Apple Isle. In terms…

COVID-19 and Global Wealth

23 May 2020 In: Finance, Economy, General

COVID-19 Global Wealth Update: Some of the world’s largest companies and richest individuals have seen their fortunes grow at a staggering pace over recent years. Total global wealth at the end of 2019 was $360.6 trillion. But even the wealthiest companies and individuals aren’t immune to the impact of the coronavirus and leading analysts say 51% of current billionaires are worth less than they were last year. KIS Finance has explored how the COVID-19 emergency…

Perth Property Prices

23 May 2020 In: Property, Finance, Family, General

Perth Property Prices in 2020 have continued trending upwards after recently turning positive. All of Perth’s sub-regions recorded a rise over the March quarter. Overall, Perth Property Prices were up +0.5% in March, and 0.9% over the quarter, but down -3.1% for the past year. Perth Average House price: $461,845 Perth Average Unit Price: $356,868 The Perth property market is quietly recovering with state government spending big on infrastructure, including rail projects and shopping centres…

Australia Property Investment

22 May 2020 In: Property, Finance, General

Australia Property Investment: Apartment living is the new norm in Australia with almost half of all new dwelling properties being apartments (units). The traditional Aussie home of bungalow with a back yard, BBQ and pool is fast becoming a rarity – especially in Australian cities. Apartment/units now account for 47% of all new property construction. People increasingly want to live close to city workplaces and amenities like cafes, shopping centres and transport links and apartment/units provide…

Australia Retail Sales April 2020

21 May 2020 In: Finance, Economy, General

Australia retail sales: Retail turnover fell 17.9 per cent in April 2020 according to the Australian Bureau of Statistics. This is the strongest seasonally adjusted fall ever published from the Retail Trade survey, following the strongest ever seasonally adjusted rise in March 2020. Turnover was down 9.4 per cent when compared to April 2019. These preliminary figures show falls in every industry, with particularly strong falls in food retailing, cafes, restaurants and takeaways, and clothing,…

Australia property market

21 May 2020 In: Property, Finance, Economy, General

Australia property market: buyers and sellers are still active in the market despite current social distancing and auction regulations. There may be economic uncertainty but those who are ready to purchase and those who need to sell are not letting Covid-19 change their plans. Australia property market has been impacted by Government regulations introduced as a result of Coronavirus. In-person real estate auctions and public open homes have been banned, and this has had affected…

House Prices to Fall

14 May 2020 In: Property, Finance, Economy, General

Australia house prices could fall by up to 30 per cent if coronavirus restrictions are extended for another six months. Property prices are set to fall by 10 per cent as a result of the recent economic lockdown but decline in values will be greater if the restrictions continue. If a second wave of the virus occurs and restrictions are prolonged, property analysts predict a “major fall” in housing prices. Price of houses and apartments…

Mortgage Lending ‘Steady’

08 May 2020 In: Property, Finance, Economy, General

Mortgage Lending for new housing rose slightly in March despite the coronavirus emergency. The value of new Mortgage Lending commitments for housing rose 0.2 per cent in March, seasonally adjusted, according to the latest Australian Bureau of Statistics figures. The value of new loan commitments for owner-occupier housing rose 1.2 per cent, while investor housing fell 2.5 per cent. ABS Chief Economist, Bruce Hockman, said: “New loan commitments for housing were steady in March despite…

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