Overall consumer confidence levels improved strongly in November. The national Consumer Sentiment Index, compiled by Westpac-Melbourne Institute, is a good measure of how confident Australians are about the future and has been moving up since April this year. At the end of November
October has been an extraordinary month in the “million dollar” home market in Byron Bay. The month began with the sale of Cedar Springs in Possum Creek for a price in excess of $5 million, a good omen for the activity that was about to be unleashed. The month ended with the dramatic sale before auction of the iconic Rae’s on Watego’s, for an amount in excess of $20 million …
In a June speech this year, the Governor of the Reserve Bank made the observation that Australia’s economic glass is at least half full. He noted that the Australian economy had grown by over 4% in the previous twelve months. In the three
Any overview of economic growth over the last 200 years shows the cyclical nature of growth and how each recession is inevitably followed by a recovery. The reasons for the recessions are usually clear, either a natural calamity or human excess.
