Tag: economy
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Petrol prices soar
Petrol prices are soaring throughout Australia, with reported rises of as much as 20 cents a litre in some areas. It is expected that $1.40 per litre for unleaded petrol will be the benchmark for this month. Figures from the Australian Institute for Petroleum show that the national average price rose 2.2 cents this past…
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Australian tourism industry booming
The Australian Bureau of Statistics has reported that Australia received more short-term visitors than ever in October. The Australian tourism industry recorded over 713,300 more visitors than the previous year, an improvement of 12.7%. That increase in short-term visitors takes the year’s total to over 8 million visitors, with an increase of 819,800 arrivals (or 11.2%)…
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Western Sydney Housing Prices On The Rise
Recent real estate reports have shown that housing prices in Western Sydney are rising sharply, in direct contrast to housing prices in Sydney’s CBD. Reports show that real estate prices in the CBD have fallen an average of 6.3% in the last 12 months. A local woman managed to snap up a four bedroom penthouse in Sydney’s…
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Goldman Sachs upgrades Australian economy
Goldman Sachs has released an upgraded forecast for Australia’s economy that reflects much higher predicted economic growth and a higher Australian dollar. The Australian economics team at Goldman Sachs, which consists of Tim Toohey, Andrew Boak and Bill Zu, also expect that the RBA will lift interest rates as soon as late 2017. The team believe that…
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Walt Disney is buying Twitter?
Walt Disney is working with their financial advisor to work out a possible bid for Twitter. The company is comprehending to accept the bid with their own financial team. Another three competitors, Salesforce.com, Google and Microsoft are all planning bids on Twitter. There is a possibility that Disney will come out first as Jack Dorsey, CEO…
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Samsung’s new smart fridge
Some of the products at this years IFA Trade Show in the US, may launch by the end of this year in Australia including a smart fridge. The family-friendly fridge has a heap of tech-savvy gadgets that make is a must-buy this christmas. Samsung Australia said the Family Hub refrigerator features three connected cameras that let…