Heise Says
#MortgageStress #Retirement #RealEstate More Australians are heading into retirement with years of mortgage payments and stress ahead of them. References Mortgage debt causing older Australians distress and worsening mental health https://www.abc.net.au/news/2019-08-27/mortgage-debt-causing-older-australians-distress-study-finds/11450958?pfmredir=sm
#CashBan #Australia #Cashless Susan Franks of the Chartered Accountants of Australia not only supports the $10,000 Cash ban but argues that it doesn’t go far enough. I would rather accept some tiny inefficiencies in our tax system due to the black economy and maintain our freedom to spend cash. References Cash payment crackdown not enough […]
#SteinChats #Economics #JohnAdams Join my guest, Economist John Adams, for a chat over a stein.
#Stockland #Profits #SGP Stockland’s profits are down 70% and they are currently halfway through a $1 billion divestment out of the retail sector. A sign that the retail recession is well underway. References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf
#DominoesPizza #DMP #ASX Dominoes’ Pizza has taken over 22 Franchisees stores with their overall profit down 4.6%. A sign of the retail recession or simply the challenges of the Franchise business model? References Domino’s cuts 22 ‘underperforming franchisees’: Profit down 4.6% to $116m https://www.news.com.au/finance/business/retail/dominos-cuts-22-underperforming-franchisees-profit-down-46-to-116m/news-story/ecf4db98a9a84312f267cd757123933b
#Australia #Trade #Economy Prime Minister Scott Morrison has said Australians need to ‘get used’ to the ongoing trade war between China and the United States. Let’s have a look at the rhetoric and then compare the US and Chinese Economies. Watch on YouTube https://youtu.be/e8KOB-Xy1QE References Australians should ‘get used to’ US-China trade war as superpowers […]
#CashBan #Australia #Money The ABC and SBS are finally reporting about the proposed cash transaction ban, 8 day’s after the due date for submissions to the treasury. What is the point? References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 Paying more than $10,000 in cash could make you a criminal under proposed […]
#Education #Economy #Recession The Government dominated sectors of Healthcare and Education are driving up our costs of living. Are subsidies or competition the solution? References Families feel squeeze as healthcare, education costs outpace inflation https://www.theage.com.au/politics/federal/families-feel-squeeze-as-healthcare-education-costs-outpace-inflation-20190819-p52ihv.html
#AusPOL #Economy #Recession Our government is apparently happy with the trajectory of the Australian Economy. Am I the only one who is sceptical? References Annual Report 2017 – 2018https://www.wgea.gov.au/sites/default/files/documents/wgea-annual-report-17-18.pdf https://www.news.com.au/national/breaking-news/finance-minister-backs-economic-trajectory/news-story/59a86b2eb423e03cee8b6d910045c3dd?fbclid=IwAR0EzeZByAiCFtvoFwPBamRcVZDiqCkpT_G_e98H5BSsa5U63pzx_gB3GzU
#Property #RealEstate #OffThePlan Experts are warning people to not risk buying off the plan. References Building expert commissioned to investigate industry warns ‘I wouldn’t buy a new apartment’ https://www.abc.net.au/news/2019-08-19/building-report-author-says-she-wouldnt-buy-new-apartment/11421268?section=business