Economic News

Victorian businesses will share in $3 billion worth of coronavirus financial assistance after the State Government announced the biggest financial support package in the state’s history.

Property developers have stepped up calls for the Victorian government to move quickly to stimulate building projects or risk the state’s key growth engine stalling.

The prudential regulator and the banking industry are in deep discussions about cushioning the impact of the nation’s looming financial “cliff” by trading a longer period of loan deferrals for extended capital relief.

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.