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Household wealth hits new record

Household wealth hits new record

A combination of rising house prices, surging equity markets and an entrenched savings culture pushed average Australian household wealth to a record $872,000 in 2013, according to Outlook Economics.

Mixed sharemarket signals for year ahead

Mixed sharemarket signals for year ahead

A lower Australian dollar and an uptick in credit growth are just two factors that could pave the way for improved returns from the sharemarket in 2014.

Small business gets behind online GST push

The peak small business lobby has urged the Abbott government to reverse the abolition of tax breaks - Labor’s asset write-offs and tax loss benefit - worth more than $700 million a year.

Federal spending falls 6 per cent: Finance

The federal government pulled back its procurement commitments last financial year by $2.54 billion, signing up to $39.257 billion worth of new contracts in 2012-13 down from $41.797 billion in 2011-12.

Olive oil wars heat up

Olive oil importers are at war with local growers over a $300,000 “buy Aussie” campaign which claims the domestic product is fresher and healthier.

Valence Industries to kick-off 2014 IPO market

On Monday a $6.7 million float from Valence Industries, formerly Strategic Graphite, priced at 20¢ per share will kick off the initial public offer market for 2014.

NSW govt extends $7000 relocation grant to renters

NSW govt extends $7000 relocation grant to renters

In an effort to boost regional town economies, the NSW state government has extended the $7000 Regional Relocation Grant to renters.

Offshore buyers push commercial sales to record

It was a record year for commercial property transactions in 2013 with $24 billion worth of offices, shopping malls and industrial property changing hands, according to CBRE Group.

Australian shares fall on weak global equities

Australian shares dropped 0.3 per cent in thin trading on Friday after major global equity markets started 2014 lower following the release of disappointing Chinese factory activity data.

Chanticleer

Murdoch’s China retreat a rare defeat

Chanticleer

Chanticleer | Rupert Murdoch’s decision to pull the plug in China has been a long time coming. It also symbolises a rare defeat for the global media mogul who rarely gives up without a fight.

Today new HQs ... tomorrow, the world

Today new HQs ... tomorrow, the world

The giants of the digital world – Apple, Amazon, Google – are building new headquarters as lavish as palaces. But for workers, the new culture cuts both ways.

Secretary a stepping-stone to senior roles for women

Secretary a stepping-stone to senior roles for women

The company secretary role is fast becoming a stepping-stone for talented women to get into top leadership roles within a company.

Staring into book readers’ minds to learn what they crave

Staring into book readers’ minds to learn what they crave

Before the internet, books were published but no one had a clue what readers did when they opened them up. Did they skip or skim? Now a wave of start-ups is using technology to help writers give readers more of what they want.

Markets Summary

Change % Chg
S&P/ASX 200 5350.1 - 17.8 - 0.33%
Dow Jones 16469.99 28.64 + 0.17%
FTSE 100 6730.67 12.76 + 0.19%
SPI 200 MAR4 5335.000 23.000 + 0.40%
AUD/USD 0.8943 0.0000 + 0.00%

Markets Data »

Price % Chg
SLR SILVERLAKE $ 0.690 + 8.66%
TEN TEN NET $ 0.300 + 5.26%
AQG ALACERGOLD $ 2.520 + 5.00%
IGO IND GROUP $ 3.310 + 4.09%
NCM NEWCREST $ 8.670 + 2.60%

Markets Data »

Price % Chg
SKE SKILLED GL $ 3.210 - 6.96%
FGE FORGE GRP $ 1.420 - 6.58%
AQA AQUILA RES $ 2.210 - 6.36%
PBG PACBRANDS $ 0.625 - 3.85%
SFR SANDFIRE $ 6.550 - 3.82%

Markets Data »

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Housing crisis looms

A housing crisis is inevitable unless a further 30,000 homes are built each year, the housing industry warns, as population growth outpaces construction.

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National

NSW govt extends $7000 relocation grant to renters

NSW govt extends $7000 relocation grant to renters

In an effort to boost regional town economies, the NSW state government has extended the $7000 Regional Relocation Grant to renters.

Opinion

Anne Hyland

An education in schools of thought

There’s nothing simple about the decision to send your child to a public school or private. And religious beliefs are the least of it.

Jacquie Hayes

How Mornington’s appeal lost me my idyll

Jacquie Hayes

I hate it when a plan doesn’t come together. It seems to be the story of my life down on Victoria’s Mornington Peninsula, where I have sought to find a holiday idyll for the family.

The year ahead for Australia’s economy

The year ahead for Australia’s economy

Fragile recovery expected in the US and Europe this year, but questions remain over China’s ability to reform. Meanwhile, Australians should look to get their own house in order – politically and economically – over the next 12 months.

World

Fiat’s Marchionne has a challenge to boost performance

Fiat’s Marchionne has a challenge to boost performance

Fiat chief executive Sergio Marchionne has won complete ownership of Chrysler and will now begin trying to realise his long-held dream –that of building a world-class auto maker.

Markets

Mixed sharemarket signals for year ahead

Mixed sharemarket signals for year ahead

A lower Australian dollar and an uptick in credit growth are just two factors that could pave the way for improved returns from the sharemarket in 2014.

Personal finance

Classic style at the Rose Street Trading Company

Classic style at the Rose Street Trading Company

It’s a Saturday lunchtime on Melbourne’s busy Hawthorn shopping strip and over the holidays the Rose Street Trading Company store is a popular destination.

Lifestyle

Summer food series 5 | Shane Delia

Summer food series 5 | Shane Delia

In this final instalment of our stunning series, Shane Delia of Maha restaurant in Melbourne creates a Middle Eastern feast

Animal spirits hold sway in a sparkling menagerie

Animal spirits hold sway in a sparkling menagerie

From elephants and pandas to frogs and bees, luxury houses are reviving an ancient tradition in precious baubles.

Beachside glamour in Rio

Beachside glamour in Rio

Some say a Rio hotel is just for cleaning off the sand. For those who prefer to do so with a marble soaking tub, there’s the Palace.

Cars: the very best of 2013

Cars: the very best of 2013

A few impressive machines for reasons of space and timing didn’t secure a full road test. This is the best of them.

Latest TV

Property outlook

Australian Property Monitors' Dr Andrew Wilson and Belle Property's Matthew Smythe look at what 2014 will bring for the property sector.

Ageing Australia

It is not just about the numbers, though they are large: Australian Bureau of ­Statistics figures released late in 2013 ­estimate the population will more than ­double to 48.3 million by 2061.

Hot housing market

In Australia’s two largest cities, Sydney and Melbourne, dwellings are now 14.5 per cent and 8.5 per cent more expensive, respectively, than they were in December 2012.

Where is the housing market heading?

The housing market is under close scrutiny as Columnists David Bassanese and Christopher Joye look at what the coming year will bring for the sector.