The numbers that drive our future
A return of international tourists and stay-at-home holidaymakers is driving demand for new hotel rooms.
Property market expected to continue its strong start to 2025 as rate cut spurs confidence.
Economists highlight positive numbers as the property market moves into March and the peak of the autumn selling season.
Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.
Headline inflation rate has held steady at 2.5 per cent in January, with the all-important underlying measure edging 0.1 percentage point higher.
Buyer sentiment is boosting auction numbers on the back of the first rate cut since 2020.
Caution urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.
Close to three-quarters of the 2,820 homes that went under the hammer at auction were snapped up in the best set of results since last July.
While an election isn't due to be held until May 17 at the latest, the interest rate cut could see voters heading to the polls sooner rather than later.
Survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.
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