Category: News
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New home sales barely rise in February says HIA
Figures from the Housing Industry Association (HIA) have shown that new home sales have barely risen in February. New home sales have only risen 0.2%, with almost no movement in the sales of detached and multi-unit homes. “There was very little movement in the two sub-series with detached house sales ticking down by 0.1% in…
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Government announces code of conduct to resolve sugar dispute
The Federal Government has outlined plans to implement a code of conduct for the Australian sugar industry in an attempt to curb the dispute between cane-growers and refiners in North Queensland. Sugar refiners Wilmar have been locked in a dispute with industry marketers Queensland Sugar Limited (QSL) over mill access and sugar prices, leaving cane-growers…
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Australia is becoming a cashless society
Australia is well on its way to becoming a cashless society. There are more and more people using smartphone apps such as ApplePay to pay for everyday transactions online instead of carrying cash. Australians are increasingly turning to digital means to arrange and pay for everyday tasks, such as using apps like Deliveroo to get food delivered…
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The new Apple iOS update is futuristic
Apple have once again updated their software system for iOS and it has a lot of new features that cater to the needs of Apple users. The new update best suits Apple users who have the most current Apple software. If you’ve got the iPhone 7, a car that can connect to your phone, and if you’ve…
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Youtube advertiser boycott could cost Google millions
Google is facing international backlash with the Youtube advertiser boycott. Advertisers are boycotting Youtube to prevent their advertisements from appearing next to extremist content. Many high profile brands, such as McDonald’s and LO’real, have appeared next to hate speech and are subsequently campaigning for better moderation. Advertisers have frozen their contracts with parent company Google and it could…
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Supersonic jet secures $43 million in funding
A supersonic jet that has the ability to fly from LA to Australia in under 7 hours has secured AUD$43.3 million in series A funding. The Denver-based start-up company behind the jet is called Boom. Boom secured funding from a variety of funders, including 8VC, Caffeinated Capital, Palm Drive Ventures, RRE Ventures, and Y Combinator’s Continuity Fund. It’s…
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Australian housing prices continue to rise
Core Research has announced a 3.7% rise in Australia’s housing market prices since January. Sydney dominated the Australian property market, with the highest increase of 5.3%, with Melbourne close behind with a respectable 4.4% rise. Only Perth has recorded a decrease in housing prices, which fell 1.1%. Sydney has long held the title of Australia’s most unaffordable…
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ANZ raises interest rates for investors
ANZ has become the latest of the big banks to raise its variable interest rates since the US Federal Reserve raised its rates last week. The bank has raised the interest rate for investors by 0.25 basis points from 5.60% to 5.85% per annum, effective from March 31st. ANZ is also raising it variable rate for its interest…
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ASIC is reviewing Harvey Norman’s accounts
Retail giant Harvey Norman is having its accounts reviewed by the Australian Securities and Investments Commission (ASIC) as part of its financial reporting surveillance program. In an statement made to the Australian Stock Exchange, Harvey Norman disclosed that they were having their accounts reviewed by the corporate regulator. The announcement was made after the Australian Financial Review (AFR)…
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Turnbull rejects calls to bail out Hazelwood
Prime Minister Malcolm Turnbull has emphatically turned down a call from Tony Abbott to stay the closure of Hazelwood power station in order to prevent the worsening of the impending energy crisis. Former Prime Minister Abbott has publicly urged current Prime Minister Turnbull to rethink the planned closure of the Gippsland-based power station in Victoria, warning that…