Economic News

Panic-buying of groceries and ­household products such as toilet paper, pasta, flour and handwash amid an escalating fear of the COVID-19 pandemic drove the biggest ever monthly jump in retail spending, ABS data has revealed.

The Prime Minister Scott Morrison says Australia is “many weeks away” from easing coronavirus restrictions as the country works towards flattening the curve. While we wait for social distancing measures to be relaxed, it’s worthwhile considering what our economy will look like post COVID-19.

Funds inflow to property investment will continue, underpinning solid returns in the short term.

Gladys Berejiklian has previously called for New South Wales’ migrant intake to be halved. Experts say that would spell bad news for property.

The impending arrival of budget international carrier AirAsia X Malaysia to Avalon Airport could be a game changer for Geelong’s economy.

Labor wants a public discussion about the future of Hobart’s iconic Treasury building.

More millionaires are pouring into Sydney and Melbourne and making Australia their home than any other city in the world.

This year will no doubt prove to be very interesting for commercial property and global economy, not least because of Donald Trump’s inauguration on January 20.

Australian consumer sentiment dipped slightly last month. But if you conducted the survey today on Sydney’s Northern Beaches, I’m confident we would see a big spike. This article originally appeared on theaustralian.com.au/property.