Category Australia Property

 Australia’s housing problem is getting out of sight.

(Reuters) – CAMPBELLTOWN, Australia, December 19 Over the last 12 months, Belinda has submitted applications for over a hundred different rental properties, all of which have been declined. Campbelltown, southwest of Sydney, is now housing the 39-year-old Australian single mother…

Australia’s current account shows a deficit for the first time in three years.

SYDNEY (Reuters) – Strong domestic demand pulled in imports and miners paid more dividends overseas, pushing Australia‘s current account into deficit for the first time in three years last quarter. However, the impact on economic growth was less severe than…