Interest Rates

Wealthy will weather property downturn

There is a fierce debate about housing prices in Australia, with the arguments ranging from property prices being wildly overvalued through to supply merely catching up with demand. The Reserve Bank has been conservative in their commentary, and their biannual Financial Stability Review outlined a more nuanced picture of the housing market.…

Bananas, sugar growers worst hit by Tropical Cyclone Yasi

TROPICAL Cyclone Yasi has caused widespread damage and personal loss to Far North Queensland but the overall economic impact for the year is expected to be limited, experts say. While the insurance industry says it is still too early to have an accurate picture of full impact of Yasi, Commonwealth…