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Tech & Science Australian consumers turn slightly less gloomy in November - survey

08:20  27 november  2019
08:20  27 november  2019 Source:   reuters.com

Half of all Australian kids have hands on mobile phones, according to Communication and Media Authority survey

  Half of all Australian kids have hands on mobile phones, according to Communication and Media Authority survey Phones are more technologically advanced then ever before and so it seems are Australian kids, with half of all children aged between 6 and 13 having access to a device.A survey by the Australian Communication and Media Authority finds 48 per cent of children aged 6-13 either own or have access to a mobile phone.

Australian consumer sentiment rebounded somewhat in November after a gloomy turn in the previous month, with a key gauge showing a lighter The results of the survey of 1,200 people will be of some relief to the Reserve Bank of Australia (RBA), which has cut interest rates to a record low

Australian consumer sentiment rebounded somewhat in November after a gloomy turn in the previous month, with a key gauge showing a lighter The results of the survey of 1,200 people will be of some relief to the Reserve Bank of Australia (RBA), which has cut interest rates to a record low

a person standing in front of a store: FILE PHOTO - A shopper holds items and looks at others on sale at a clothing retail store in central Sydney, Australia © Reuters/Steven Saphore FILE PHOTO - A shopper holds items and looks at others on sale at a clothing retail store in central Sydney, Australia

Australian consumer sentiment rebounded somewhat in November after a gloomy turn in the previous month, with a key gauge showing a lighter mood on family finances and the economic outlook.

Wednesday's survey showed the Melbourne Institute and Westpac Bank index of consumer sentiment bounced 4.5% in November, from October when it slid 5.5%.

The index was still down 7.0% from a year earlier, and at 97.0 indicated pessimists continued to outnumber optimists.

The results of the survey of 1,200 people will be of some relief to the Reserve Bank of Australia (RBA), which has cut interest rates to a record low 0.75% in part to support consumer demand.

Westpac chief economist Bill Evans noted the survey showed a pattern of sliding in months where the RBA cut rates, only to bounce the month after, suggesting consumers had been spooked by the moves.

Sydney house prices surged by 2.7% in November, the strongest growth in 31 years .
Sydney's housing market is on track to recoup the 15 per cent loss in prices suffered during the 18-month downturn early next year and reach a new record high by March. Property prices in the harbour city surged 2.7 per cent in November, the highest monthly growth rate since 1988, while Melbourne property values grew by 2.2 per cent over the same period, according to the latest CoreLogic Home Value Index. require(["inlineoutstreamAd", "c.

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