News: Money

House prices based on undersupply myth: ANU

Tuesday  11:11,   21 november 2017
ABC News

Australia does not have a housing shortage, with inner-city areas of Sydney, Melbourne and Brisbane some of the nation's most oversupplied regions, according to new research from ANU. The analysis estimates the nation's housing oversupply at[...]

Chinese buyers go cool on Australian homes - RBA

Tuesday  11:11,   21 november 2017
Reuters

Chinese demand for Australian residential property has eased because of tighter capital controls imposed by Beijing and tougher restrictions on mortgage lending by local banks, a top central banker says.Chinese demand for Australian residential[...]

Treasurer urges CEOs to support tax cuts

Tuesday  11:11,   21 november 2017
MSN

Treasurer Scott Morrison wants Australia's corporate leaders to support the government's plan to reduce company tax rates.Federal Labor is maintaining its opposition to the government's plan for further cuts to company tax after the[...]

Australian retailers say they will hold off on sales this year until after Christmas

Tuesday  11:10,   21 november 2017
Business Insider Australia

More Australian retailers are determined to hold off discounting this year until the after the season celebrations. In previous years, annual sales have started well before Christmas as retailers try to build momentum and get shoppers back inside[...]

Seven’s ‘streamlining’ hits home at Better Homes and Border Security

Tuesday  11:10,   21 november 2017
Crikey

The Seven Network has started slashing jobs as part of an attempt to cut $55 million in costs by the end of the financial year.Seven workers are facing job cuts across the company as it tries to cut $55 million in costs by June. The network has[...]

From £300 to $1.2 million: Derelict Marrickville home sells for first time in more than a century

Tuesday  11:10,   21 november 2017
Sydney Morning Herald

When a derelict Marrickville home went on the market for the first time in more than a century on Saturday, buyers knew it was going to be a big auction. The last time 57 Petersham Road sold, the Anzacs were fighting in Gallipoli, Andrew Fisher was [...]

Tesla is taking a big risk with its truck and new supercar -- but it just might work

Tuesday  11:08,   21 november 2017
Business Insider Australia

Tesla is once again in a period where it looks like it's doing too much. This has coincided with a sliding stock price and questions about its focus.Tesla is more than Tesla. Sure, the company has a factory in Northern California where it makes[...]

Australia's reputation faces 'serious' risks if Adani loan goes ahead: Figueres

Tuesday  11:07,   21 november 2017
Sydney Morning Herald

Providing a $1 billion loan to underwrite Adani's proposed mega coal mine would "unpick the progress" of the Paris climate agreement.Providing a $1 billion loan to underwrite Adani's proposed mega coal mine in Queensland would have[...]

Australian diary: Everything you need to know about the week ahead for markets

Tuesday  11:07,   21 november 2017
Business Insider Australia

Central banks will be in focus this week, in a relatively quiet schedule for local and international data. The minutes from the RBA's November meeting will be released on Tuesday. There's also minutes from the recent meetings of the US Fed[...]

Would Rupert Murdoch break up his empire?

Tuesday  11:06,   21 november 2017
BBC News

Several firms are reported to be interested in parts of 21st Century Fox, but would Murdoch really sell?Shares in 21st Century Fox gained more than 6% on Friday, after several sources reported interest from Comcast, Sony and[...]

Tamara Ecclestone: Inside the life of an heiress

Tuesday  11:06,   21 november 2017
9Honey

Indoor play areas, 50 staff and controversial breastfeedingA new UK TV series, Tamara’s World, takes the viewers inside the life of a woman worth almost $400m. The daughter of Formula One racing boss Bernie Ecclestone, Tamara lives on the most[...]

GE launches $50 hub to connect its Bluetooth smart lights to Alexa and Google Assistant

Tuesday  11:06,   21 november 2017
The Verge

The C-Reach hub is a useful addition to the product line that starts to make it a lot more capable — if also a lot more expensive. The strength of C by GE bulbs has always been that they’re really easy to get started with, since they rely on[...]

A $423 billion investor explains why tech stocks are defying a surefire sell signal

Sunday  23:51,   19 november 2017
Business Insider Australia

Measures of valuation like the cyclically adjusted price-earnings ratio show that stocks are as expensive as they were just after the dotcom bubble. But tech valuations can be justified, according to Jim McCaughan, CEO of Principal Global[...]

THE JOB CREATION REPORT: Australia's jobs and skills of the future

Sunday  23:51,   19 november 2017
Business Insider Australia

Australia has the most resilient economy in the world, notching up a record 26 years of uninterrupted growth in 2017. The underlying economy is dynamic, with over a million Australians changing jobs annually and businesses constantly entering and[...]

'Details can often get you' says Naomi Simson as Red Balloon cops ACCC fine

Sunday  23:51,   19 november 2017
Sydney Morning Herald

The Shark Tank judge's business has been fined $43,200 by the competition watchdog.Naomi Simson describes herself as a role model for small business, but the Shark Tank judge has been left red-faced after the competition watchdog fined her[...]