Australia office vacancies edge up to highest level since 1990s

By Lewis Jackson SYDNEY (Reuters) – Australia’s office vacancy rates crept higher in the first half to levels not seen since the 1990s, according to new research on Thursday which underscores the challenges facing landlords struggling to fill buildings emptied during COVID amid a slowing economy. Vacancies in downtown Sydney, Melbourne and Perth, where most…

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Reserve Bank of Australia to deliver final rate hike in Q4, economists say : Reuters poll

By Devayani Sathyan BENGALURU (Reuters) – Australia’s central bank will raise interest rates by 25 basis points next quarter in their last hike of the cycle, economists polled by Reuters said following a surprise pause on Tuesday. On Aug. 1, the Reserve Bank of Australia left rates unchanged for a second straight month, stating the…

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