Exclusive : The Rudd government will tomorrow announce the spending of 200 million dollars over two years on the development a world first money tree. The grant will see the CSIRO expand its Clayton R&D labs in Victoria and the appointment of 100 new scientists. In a leaked press release, …
Australia’s largest mortgage insurer, Genworth, says it will raise prices on Lenders Mortgage Insurance (LMI) by 20% this quarter on increased risk due to rising unemployment. “There is economic uncertainty and unemployment is expected to rise and with that one expects to see some increases in people not being able …
On Sunday, Federal Treasurer Wayne Swan indicated the federal government had no intention of pulling the first home owners grant after suggestion it was fueling a new bubble. “To pull that stimulus out now would be to pull the rug from underneath recovery,” said Wayne Swan. Today, the Reserve Bank …
The warning tone has been sounding since 2002. Beep-Beep-Beep-Beep. In an interview titled “Mixed feeling on the real estate bubble” featured on Inside Business in October 2002, reporter Zoe Daniel said “Residential property, the most lucrative asset market in Australia worth a trillion dollars – and rising and ringing warning …
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