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Australian auction activity rises
Auction activity has risen slightly this weekend with 2,436 auctions held over Saturday and Sunday.
This is more than twice the 1,198 auctions held last week and above the 1,815 auctions that occurred at the same time last year.
A house auction in Glen Iris, Melbourne. Photograph: Diego Fedele/AAP
Based on results collected so far, CoreLogic’s summary found that the preliminary clearance rate was 71% across the country, which is higher than the 64.4% preliminary rate recorded last week and the 64.4% actual rate on final numbers.
Across the capital cities:
Sydney: 918 auctions with a clearance rate of 69.7%
Melbourne: 1,138 auctions with a clearance rate of 72.7%
Brisbane: 134 auctions with a clearance rate of 72.3%
Adelaide: 78 auctions with a clearance rate of 80.8%
Canberra: 69 auctions with a clearance rate of 56.5%
Tasmania: Three auctions held
Perth: Six of 12 auctions
Updated at 21.47 EDT26m ago21.21 EDT
Australian businesses under review by NAB
Australian businesses have so far managed to keep the wheels turning even as the economy sours.
A survey of the business sector by National Australia Bank will illustrate how well firms have been faring in the face of higher interest rates and cost pressures, AAP reports.
The monthly reports also include price movements across materials, labour and other inputs needed to run a business, as well as the amount firms are charging for their goods and services.
The September edition of the monthly survey is due for release on Tuesday.
Taming inflation remains the core challenge for the Australian economy, with price growth falling from its peak but still well above the Reserve Bank’s 2% to 3% range.
A senior official from the central bank, Christopher Kent – assistant governor, financial markets – is due to speak about the various ways changes in monetary policy settings affect the economy.
The Australian Bureau of Statistics is scheduled to release a couple of important data sources, including the monthly business turnover indicator for August on Wednesday and overseas arrivals and departures on Friday.
Updated at 21.40 EDT41m ago21.06 EDT
Food delivery company fined for inadequate training
Food delivery firms have been put on notice and one has been hit with a five-figure fine after failing to properly train its riders, AAP reports.
The NSW work health and safety minister, Sophie Cotsis, says Canadian company Fantuan was fined $13,600 and issued with multiple improvement notices related to inadequate or incomplete induction training and record-keeping failures.
We have put the onus on food delivery platforms…
2023-10-07 20:21:40
Article from www.theguardian.com
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