#Construction #Property #HeiseSays Dwelling approvals have dropped over 21% when compared to this time last year. References
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Dwelling Approvals Down 21%
Month: October 2019
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Melbourne’s 25% Property Crash
#RealEstate #Property #HeiseSays Sales have dropped by over 25% in Melbourne’s outer suburbs. Are we in the middle of a two-speed housing “boom”? References https://www.theage.com.au/politics/victoria/outer-suburbs-lead-melbourne-property-sales-freefall-20191030-p535vz.html?fbclid=IwAR3SGPM0_qb3DYwiR4M3X_KmawhlQcT6F_8HNNGgnZ2O_ApfP5ZJUzeQrDQ
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Cost of Living Increases
#CPI #Living #HeiseSays Cost of living is increasing. References Inflation edges up taking some heat off the RBA to cut interest rates https://www.abc.net.au/news/2019-10-30/inflation-edges-up-taking-some-heat-off-rba-to-raise-rates/11652388?section=business
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DFAT link to Aussie Farms Activists
#DFAT #Economy #HeiseSays The Department of Foreign Affairs and Trade has potential links to the Aussie Farms activists. References Julie Delforce keeps DFAT ag job after investigation on Aussie Farms links https://www.weeklytimesnow.com.au/news/national/julie-delforce-keeps-dfat-ag-job-after-investigation-on-aussie-farms-links/news-story/e52d132e1f63541d6c3a4159d77cf9af?fbclid=IwAR1V4p90xlaXR5rzCAmYKyizMI2bT3EQY72ub1yb9XJi-tS51S0tMH6Xu-g
#Woolworths #Economy #HeiseSays Woolworths has underpaid 5700 employees. Will we hear more stories as the retail recession growes? References https://www.news.com.au/finance/business/retail/woolworths-underpays-staff-300-million/news-story/20d62c31d3dec7f5157889453cfdbffc
#Borrowing #Economy #HeiseSays The RBA is trying to encourage business to borrow and invest. Doest any trust Philip “Unexpected” Lowe? References https://www.abc.net.au/news/2019-10-29/zero-interest-rates-extraordinarily-unlikely-rba-governor/11651356?section=business
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Hong Kong Enters Recession
#Recession #Economy #HeiseSays Hong Kong has officially entered into recession. References Hong Kong officially enters recession, with zero growth expected for remainder of 2019 https://www.abc.net.au/news/2019-10-29/hong-kong-now-in-recession-financial-secretary-confirms/11647964?section=business
#Wages #Economy #HeiseSays Wage growth has plunged and the RBA is at a loss to explain why. References Wages growth in Australia: The truth about this viral graph https://www.news.com.au/finance/economy/australian-economy/wages-growth-in-australia-the-truth-about-this-viral-graph/news-story/d75327cfb07c8a961b3688873397bb17
#Taxation #Economy #HeiseSays Increasing the day to day cost of living….smart! References https://www.news.com.au/finance/work/leaders/calls-to-expand-the-gst-are-shot-down-by-the-prime-minister/news-story/fb3090047d7acc2266270ca3d0e92115
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The Interest Only Epidemic
#RealEstate #Economy #HeiseSays A potential epidemic of interest-only loans is about to reset. Will this affect the housing market? References Interest-only loan reset hurting borrowers despite the rate cutshttps://www.abc.net.au/news/2019-10-28/interest-only-reset-hurting-borrowers-despite-rate-cuts/11637350