MarketLine Blog

Posts tagged to Australia

New Zealand: New efforts to curb skyrocketing house prices

MarketLine

New Zealand has the world’s most frenetic property market, with prices in Auckland, New Zealand’s largest city, now outstripping London. In 2017, New Zealand house prices were the most unaffordable in the world and prices in Auckland have risen by 75% over the last four years alone. Home ownership is also low with only one quarter of New Zealanders owning a home. The last five years have also witnessed a rise in homelessness. At the same time, New Zealand has recently become known as a get-away for the foreign super-rich… Read more

Australia Banking sector under misconduct investigation

MarketLine

Finance is Australia’s biggest industry, and its banks are some of the most profitable in the world. Australia’s “Big Four” – Commonwealth Bank (CBA), ANZ, National Australia Bank (NAB) and Westpac – collectively hold about 80% of the country’s banking market. Despite its strong position, Australia’s banking and financial services sector has been rocked by a series of scandals over the last decade, with all “Big Four” largest banks being accused of serious misconduct. As a result, a royal commission, Australia’s highest form of public inquiry, has been called to… Read more

Australian bookmakers under pressure as new legislation hits hard

MarketLine

Online gambling is incredibly popular in Australia with around 80% of Australians gambling at least once a year. Adults in Australia gamble more per capita than any other nation in the world, an average of $976.50 per adult. That is 40% higher than Singapore, the runner-up, and around double the average in other Western countries. The existing loopholes in the gambling law created a gray area allowing almost every form of online gambling. This has attracted many of the world’s top online gambling sites, as well as illegal operators to… Read more

Australia’s mining sector returning to strong growth: Increasing commodity prices and stabilizing export markets boost the sector

MarketLine

The Australian mining sector is said to have witnessed a boom from 2003 onwards, as demand from China, Japan and other major Asian markets surged as a consequence of strong growth. Simultaneously this strong demand boosted commodity prices, resulting in large profits for the Australian mining sector. However as growth in the Australian mining sector’s largest export market China has decelerated in recent years and fears of stronger decreases in the future emerged, the Australian mining sector has taken a hit. Another major export market Japan too suffered financial instability… Read more