N.Z House Prices Fall 6.8%, Matching Previous Decline
New Zealand house prices fell 6.8 percent in November from a year earlier as an economic recession and a deepening global financial crisis deterred buyers. The drop in average prices matched October’s decline, which was the biggest since the series began in 2005, Quotable Value New Zealand Ltd., the Wellington-based government valuation agency, said in [...]
Australian Newspaper Job Ads Plunge Most in 30 Years, ANZ Says
Australian job-vacancy advertisements slumped in November for a seventh month, led by a record drop in newspaper notices, as employers pared hiring plans amid concern the economy may enter a recession. Jobs advertised in newspapers and on the Internet plunged 8.6 percent last month to an average of 211,199 a week, after falling 5.9 percent [...]
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