Heise Says
#Property #RealEstate #HeiseSays Advertised Auction Clearance Rates are much higher than the formula Domain claim to use. Let’s jump into Excell and find out what the real Auction Clearance Rate should be. References https://www.domain.com.au/auction-results/sydney/
#Food #Retail #HeiseSays Food is getting more expensive. References Food prices rising at Coles and Woolworths as competition easeshttps://www.afr.com/companies/retail/food-prices-rising-at-coles-and-woolworths-as-competition-eases-20191105-p537i0?fbclid=IwAR1EqLuUXC27V-voZEnM97TsJxZ6HwzVYltCA7-flI6shyjWH0erWaZiuHQ
#Economy #Recession #HeiseSays The RBA has kept the Cash Rate Steady. References Statement by Philip Lowe, Governor: Monetary Policy Decision https://www.rba.gov.au/media-releases/2019/mr-19-29.html RBA Rate Indicator – December 2019 https://www.asx.com.au/prices/targetratetracker.htm
#Economy #Recession #HeiseSays US Manufacturing orders fall while the S&P 500 reaches an all-time high. References Wall Street closing at a record-high prompts warnings that it could be another false dawnhttps://mobile.abc.net.au/news/2019-11-03/green-shoots-emerge-global-economy-not-for-first-time/11664014
#Economy #Recession #HeiseSays Economists agree that infrastructure spending is the only way to save Australia. But is it all too late? References We asked 13 economists how to fix the economy. All back the RBA governor over the Treasurerhttps://mobile.abc.net.au/news/2019-11-04/economists-back-rba-philip-lowe-not-treasurer-josh-frydenberg/11667836 Search the Priority List https://www.infrastructureaustralia.gov.au/search-priority-list-map
#Retail #Recession #HeiseSays Retail levels have crashed to levels not seen since the 1990’s recession. References Retail slumps to ‘weakest’ level since 1990s recession as tax cuts fail to stimulate consumer spending https://www.theage.com.au/politics/federal/worrying-sign-retail-slumps-to-worst-performance-since-last-recession-as-jobs-weaken-20191104-p5378r.html?fbclid=IwAR3h2VWqEkoJQJPDUX36h12CN9x7UMbpKce448y28rwZjEpYBcymiA8l87M
#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References
#Centrelink #Australia #HeiseSays Childcare subsidies are turning into the next RoboDebt. References Childcare subsidy debt frustrates parents who say data was wiped from Centrelink accounts https://www.abc.net.au/news/2019-11-04/centrelink-glitch-wipes-data-parents-get-child-care-subsidy-debt/11654408?fbclid=IwAR1_a8lFzTVQxIuQCOR_lKsDv6LmaiC_0IRVtnbHrEE1zem3CvAeukCzzHU
#Property #Australia #HeiseSays Is Fear of Missing Out “FOMO” the basis of Australia’s recent housing growth? References First home buyers could be forced out as housing markets enjoy uptick, banks may loosen lending https://www.abc.net.au/news/2019-11-04/auction-clearance-uptick-could-spell-disaster-for-economy/11667888?section=business
#Property #Australia #HeiseSays Is the media pushing a false housing boom in Australia? References https://www.theaustralian.com.au/business/wealth/reality-check-for-housing-rebound/news-story/229a23e65af31c92cf5854b6aa2ba728