Business
‘Flashing red’: Ominous sign for Australia’s economy – NEWS.com.au
‘Flashing red’: Ominous sign for Australia’s economy
Australias economy right now is a giant frothy foam party of rising house prices and elevated consumer spending. It looks amazing in the short term, but beyond that? There’s a warning sign that has just started flashing red.
Right now, people feel flush. Property prices are soaring at record rates, and many Aussies’ bank account balances are also at record levels thanks to a year of huge government payments.
The so-called “wealth effect” is driving consumer spending, and benefiting retail. The question…
-
General17 hours agoWallabies vs Italy rugby union Test live updates — blog, scores and stats from Udine
-
General16 hours agoHow the dismissal of Gough Whitlam’s Labor government in 1975 was sealed by the Senate
-
General21 hours agoIsrael identifies latest hostage body as Lior Rudaeff, as families await five more
-
Noosa News8 hours agoPhotographer Nadia Shevtsova remembered by family in touching tribute after deadly crash at Gold Coast