Perth home ownership down as growth surges

There was a 46 per cent leap in the city's population in the 10 years to 2011, according to the Committee for Perth's Spatially Transforming City report, released on Thursday. The growth rate equates to 2.3 per cent a year, outstripping the national average of 1.5 per cent.

  • Hockey wants conversation about future AAP - 10 minutes ago

    Treasurer Joe Hockey hopes his intergenerational report will spark a national conversation about the next 40 years. The five-yearly review will lay out the challenges facing the economy from an ageing population. Mr Hockey says he's not using the report for any purpose other than to start a conversation with the Australian people about where the country is going to be in 2055.

  • Retail spending expected to improve AAP - 10 minutes ago

    Retail trade figures out on Thursday are expected to show a bounce in spending after disappointing sales over Christmas. Retail sales are forecast to have risen 0.4 per cent in January, better than December's ...

  • Bowen fears politicised report on future AAP - 3 hours ago

    Shadow treasurer Chris Bowen fears the Abbott government's intergenerational report will be designed to salvage its failed budget. Treasurer Joe Hockey will release the five-yearly review on the 40-year economic outlook on Thursday. Mr Bowen says the government has suggested it will release a politicised document, when it should be above politics and instead provide a valuable contribution to the national economic and social debate. Mr Bowen says the treasurer already has sent mixed messages about the content of the report.

  • Changi airport to add huge new terminal AAP - 7 hours ago

    Changi Airport's new passenger terminal is likely to be bigger than all its first three terminals combined, a report says. More details are expected to be unveiled by Singapore's Transport Ministry next week, The Straits Times said. Analysts expect that Changi Airport, which handled 54.1 million passengers last year, could see 100 million passengers a year by 2030.

  • Treasurer approves Primo sale to JBS AAP - 9 hours ago

    Treasurer Joe Hockey has given the go-ahead to global food giant JBS's $1.45 billion takeover of Primo Group, despite industry concerns. The Australian Competition and Consumer Commission announced its approval in February. Mr Hockey announced his conditional approval on Wednesday. JBS, the Brazilian-listed meat giant is Australia's largest fresh meats processor, proposed to acquire Primo Group, the country's largest ham, bacon and smallgoods manufacturer in November 2014.

  • $A lower on post-RBA profit taking AAP - 9 hours ago

    The Australian dollar is slightly lower as traders take profits following gains made after the Reserve Bank's decision to keep the cash rate unchanged for now. Easy Forex currency dealer Andreas Tjahja said there was a spike in the Aussie after the figures were released late morning, but the currency was unable to hold its gains. He said the spike was because there was relief that the growth figures weren't so bad and it also eased expectations that the Reserve Bank would cut in April.

  • Woodside urged to get busy with Browse AAP - 10 hours ago

    Geoscience Australia last year discovered three dining table-sized rocks jutting out of the water on North Scott Reef and Seringapatam Reef off the Kimberley coast, prompting maritime boundaries in the area to be redrawn as they are technically considered islands. Petroleum title legislation that passed in the lower house of federal parliament on Tuesday confirmed WA owned 65 per cent of the Torosa gas field beneath the rocks. The federal government previously said WA owned five per cent, but Premier Colin Barnett believed it was more like 15 per cent. "But we take a conservative view that over 20 years, royalties for Western Australia will be about $2.5 billion," he said.

  • Destructive disease at Qld banana farm AAP - 10 hours ago

    A north Queensland banana farm has been quarantined after testing positive for a potentially destructive fungal disease. Biosecurity Queensland has warned that the Panama TR4 disease would have serious consequences for the state's banana industry if it spread from the plantation near Tully, south of Cairns. Chief biosecurity officer Dr Jim Thompson says the affected farm has been isolated after an initial test for the disease came back positive on Tuesday night. "(The disease) poses a serious threat to the banana industry in Australia and obviously Queensland represents ninety-five per cent of that.

  • Aust bonds weaken after GDP data AAP - 10 hours ago

    Australian bond futures prices have made further losses despite the release of weak gross domestic product (GDP) figures. Australia's economy grew by 0.5 per cent in the December quarter and by 2.5 per cent in 2014, official figures show, which were slightly short of expectations. CMC Markets chief market strategist Michael McCarthy said there were worries that the growth figures might be even more disappointing after the release of weak business inventories data on Monday. At 1630 AEDT on Wednesday, the March 2015 10-year bond futures contract was trading at 97.405 (implying a yield of 2.595 per cent), down from 97.490 (2.510 per cent) on Tuesday.

  • IAG faces up to $90m in cyclone claims AAP - 10 hours ago
    IAG faces up to $90m in cyclone claims

    Insurance Australia Group is facing claims of up to $90 million as a result of devastation caused by Cyclone Marcia in Queensland. IAG says it has received about 3,500 claims for damage from customers ...

  • Aust market down as stocks trade ex-div AAP - 10 hours ago

    The Australian sharemarket has finished lower as three major stocks traded ex-dividend and economic growth figures disappointed investors. Phillip Capital senior client adviser Michael Heffernan said the ...

  • Rate cuts needed to kick start growth AAP - 10 hours ago

    Pressure is mounting on the Reserve Bank to slash interest rates in coming months after new figures revealed Australia's economy grew at a sluggish pace in 2014. Economic growth was a below-average 2.5 per cent last year, official figures released on Thursday showed. The figures showed that while the housing sector and household spending are bouncing back, non-mining business investment is still weak. JP Morgan economist Ben Jarman said there seems to be no signs that economic growth will lift soon.

  • Brain cancer drug shows promise AAP - 10 hours ago
    Brain cancer drug shows promise

    A drug developed by an Australian biotech is showing promise in destroying stubborn brain cancer cells in children and adults. A pre-clinical study in the United States has found that the drug, Trilexium (TRXE-009), can destroy brain cancer cells that are resistant to chemotherapy and cause tumours to return. The study, carried out at the Feinstein Institute for Medical Research, studied the effects of the drug on brain cancer cells taken from patients and cultivated in a lab. The patients all had glioblastoma multiform (GBM), the most common and aggressive type of brain cancer.

  • FlexiGroup buys Kiwi IT leasing leader AAP - 10 hours ago

    Australian finance group FlexiGroup will become New Zealand's biggest IT leasing company, after acquiring market leader Telecom Rentals. The company behind interest-free products at Australian retailers is doubling its tech leasing presence in the New Zealand market by snapping up Telecom Rentals from Spark New Zealand for $NZ106 million ($A102.34 million). FlexiGroup chief executive Tarek Robbiati said the acquisition of New Zealand's largest tech leasing firm would create an even bigger market leader, but added it would be another six to 12 months before it considered another transaction across the Tasman.

  • Macquarie splashes $US4b in aircraft deal AAP - 11 hours ago

    Investment Bank Macquarie Group is set to add significantly to its fleet of leased aircraft through the $US4 billion acquisition of 90 aircraft from AWAS Aviation Capital. The addition of the planes from Dublin-based AWAS - one of the world's biggest aircraft leasing companies - will lift the number of aircraft in Macquarie's aircraft operating lease division to 220. Macquarie's head of transportation finance, Stephen Cook, says the acquisition comprises high-quality assets. "It complements our existing aircraft leasing portfolio and diversifies our client base," he said in a statement on Wednesday.

New Zealand Markets

Company Finances

  • New FDA official inherits raft of projects, challenges Associated Press - Tue, Mar 3, 2015 11:28 AM NZDT
    New FDA official inherits raft of projects, challenges

    One of the nation's leading medical researchers joined the Food and Drug Administration on Monday, taking on the agency's No. 2 leadership job at a critical juncture for prescription drugs, medical devices ...

  • France wants companies to make appliances that last longer Associated Press - Tue, Mar 3, 2015 5:36 AM NZDT
    France wants companies to make appliances that last longer

    France is ordering manufacturers to inform consumers how long they can expect their TV, cell phone or other appliance to last — before they buy it. A new French government decree that came into effect ...

  • First Look: Samsung gets a lot right with new S6 phones Associated Press - Tue, Mar 3, 2015 12:43 AM NZDT
    First Look: Samsung gets a lot right with new S6 phones

    Samsung's new Galaxy smartphones improve in two major areas: design and picture quality. Samsung ramped up its camera technology in last fall's Galaxy Note 4, and the camera is even better in the Galaxy ...

  • DineEquity CEO Julia Stewart Credits Franchisee Partners For Success Entrepreneur - Mon, Mar 2, 2015 7:00 PM NZDT
    DineEquity CEO Julia Stewart Credits Franchisee Partners For Success

    As the purveyor of the Applebee's Neighborhood Grill & Bar and IHOP brands of restaurants, DineEquity is one of the largest full-service restaurant companies in the world.

  • Samsung ditches plastic design, adds mobile pay in new phone Associated Press - Mon, Mar 2, 2015 3:41 PM NZDT
    Samsung ditches plastic design, adds mobile pay in new phone

    Samsung, locked in a tight race with Apple to be the world's biggest smartphone maker, has unveiled an important new phone that ditches its signature plastic design for more stylish metal and glass. The ...

  • Samsung ditches plastic phone design AAP - Mon, Mar 2, 2015 2:44 PM NZDT
    Samsung ditches plastic phone design

    Samsung has unveiled a stylish new flagship phone that ditches its signature plastic design for more stylish metal and glass. The Galaxy S6 and S6 Edge will both include technology for mobile payments, though Samsung isn't unveiling a service to rival the iPhone's Apple Pay until this summer. Earlier on Sunday, HTC announced a new HTC One smartphone that also sports a better camera, while keeping such previously lauded elements as a metal design and polished finish. Rather, HTC is partnering with sports clothing maker Under Armour to offer features for those with active lifestyles.

  • Samsung ditches plastic design, HTC One improves camera Associated Press - Mon, Mar 2, 2015 7:39 AM NZDT
    Samsung ditches plastic design, HTC One improves camera

    Samsung has unveiled a stylish new flagship phone that ditches its signature plastic design for more stylish metal and glass. The South Korean phone manufacturer also unveiled a premium model with a display ...

  • As tastes change, big food makers try hipster guises Associated Press - Sat, Feb 28, 2015 12:30 PM NZDT
    As tastes change, big food makers try hipster guises

    At a taco shop in Southern California, milkshakes are served in mason jars and a chalkboard menu lists "The 1%er" made with lobster meat. The logo is a pink skull and instead of buzzers, customers ...

  • How This Entrepreneur Reworked His Business Idea in the Face of Financial Armageddon Entrepreneur - Sat, Feb 28, 2015 6:00 AM NZDT
    How This Entrepreneur Reworked His Business Idea in the Face of Financial Armageddon

    While a key aspect of his plan changed, City Winery founder Michael Dorf achieved his original goal: to build a place where people could eat, drink and enjoy an intimate concert experience.

  • Cuban cigar makers anticipate big bucks from US travelers Associated Press - Sat, Feb 28, 2015 4:12 AM NZDT
    Cuban cigar makers anticipate big bucks from US travelers

    Over six decades rolling premium cigars with his small, wrinkled hands, Arnaldo Alfonso has taken pride in seeing his "habanos" sampled by visiting heads of state and other dignitaries. Now he's ...