Heise Says
#RalanGroup #Development #RalanCollapse Sydney Unit Developer Ralan Group has collapsed, entering voluntary administration, with $500 million worth of outstanding debt. With unfinished projects, one has to worry about how this will affect tradies, material suppliers and people who have purchased off the plan. References Major Sydney unit developer The Ralan Group collapses during apartment downturn […]
#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market. Let’s look at an overview of their proposal an then the potential implications with regards to negative interest rates and recent IMF research. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 […]
#Petrol #Recession #Economy The latest Australian Consumer Price Index data has been released and petrol has increased by 10% in Australia. A sign that our costs of living are increasing? References 6401.0 – Consumer Price Index, Australia, Jun 2019
#AusPol #Recession #Economy Australian’s are in arrears with their Mortgages during a period of the lowest interest rates in the history of our nation. Signs of stagnant wage growth, expensive real estate and a lack of financial education. References https://mobile.abc.net.au/news/2019-07-30/more-australian-borrowers-falling-into-mortgage-arrears/11365288?pfmredir=sm
#Silicosis #Tradies #Construction An epidemic of silicosis is starting to kill young stonemasons. Will this be our generation’s version of the asbestos disaster? References ‘Moment my world came tumbling down’: Silent silicosis epidemic killing young tradies https://www.news.com.au/finance/work/at-work/moment-my-world-came-tumbling-down-silent-silicosis-epidemic-killing-young-tradies/news-story/194eff8d8a3cdb574babc2e92e426fbf
#Gold #PerthBullion #BuyGold The liquidator has outlined a process for allowing people to recover their safety deposit boxes from the Perth Bullion Company. References Information on Perth Bullion Company https://www.rsm.global/australia/FAQ/Perthbullion
#Business #Australia #Recession Tradies and small businesses are slowing down as business conditions are worsening. With tradies seen as the canary in the economic coal mine, what does this mean for the economy? References https://mobile.abc.net.au/news/2019-07-26/business-conditions-worsen-for-small-and-medium-enterprises/11346742?pfmredir=sm
#RealEstate #FOMO #Sydney Domain is warning potential first home buyers to hurry into the Sydney market because prices are about to rise due to the positive property sentiment. Given that consumer and business confidence is low, housing prices are declining, we are in a per capita recession and unemployment is trending up, why should we […]
#Budget #FoodShopping #BigFamily Rachel shares her top six tips for feeding a family of six on a budget. You would be shocked at how much you can save! My top 6 tips for feeding a family on a budget 1 – Buy your meat in bulk = no meal planning. If you cant buy in […]
RBA #AusPOL #CashRate Can the RBA save the Australian Economy? Does anyone still think they actually can? References ‘Four bullets left’ to save Economy https://www.news.com.au/finance/economy/australian-economy/four-bullets-left-to-save-economy/news-story/f79bd146f7e50b5b7f2c7d3faa84317c China second-quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen https://www.reuters.com/article/us-china-economy-gdp/china-second-quarter-gdp-growth-slows-to-27-year-low-as-trade-war-bites-more-stimulus-seen-idUSKCN1U90P5