Economic News

• Housing prices have fallen more than expected, whileBusinessCreditgrowth is encouraging.

The Property Council's Victorian election platform, released in October, says property provides 47% of the Victorian Government's annual tax revenue.

Ask whatArtificial Intelligence (AI)will do to jobs and the answers range from utopian to apocalyptic. The Reserve Bank of Australia has taken a more grounded approach: it asked businesses directly.

The Council's Victorian election platform, released in October, says global institutional investment in Victoria fell 53% after the absentee owner surcharge rose from 2% to 4% in 2023.

• Hunter cited a US study implying markets expect a roughly 30% permanent productivity gain for software engineers.

For years, Victorian landholders did not pay general land tax unless the total taxable value of their land reached $300,000. Land used as a principal place of residence is generally exempt, so the tax mostly falls on investors, holiday-home owners and businesses holding land.

• Housing prices and bond yields point to tightness, whileBusinessCreditis encouraging.