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It’s a buyers market for rural property in 2009, The Australian Financial Review reported today.
According to the daily, low returns, high debt and global uncertainty are forcing both big and small land owners to sell up.
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Meanwhile across the Pacific, the US treasury has been slammed for its handling of the US$700 billion (A$1 trillion) bailout plan.
The Sydney Morning Herald reported on Saturday that a US congressional panel had questioned Treasury on just how banks were using the money and why the plan had seemingly failed to ease the county’s housing crisis.
And Fair Pay commissioner Ian Harper has warned that the buoyant economic conditions that allowed strong increases to the minimum wage in recent years are over.
According to The Australian the protections of jobs will be Mr Harper’s focus in setting the minimum wage for the coming year.
