Completed work in the construction sector has plunged for the fifth consecutive quarter.
Tag: ABS
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Dwelling Approvals Down 21%
#Construction #Property #HeiseSays Dwelling approvals have dropped over 21% when compared to this time last year. References
#Economy #Recession #HeiseSays China’s GDP is falling and it can cost Australian Jobs References https://mobile.abc.net.au/news/2019-10-18/china-economy-hits-three-decade-low-with-gdp-at-6pc/11616774?section=business
Categories
Restarting the Housing Bubble
#Housing #Bubble #Economy #HeiseSays Quantitative Easing and Negative Interest Rates could potentially restart the Australian Housing Bubble. References https://www.businessinsider.com.au/australia-housing-bubble-rba-negative-interest-rates-qe-2019-10
#Recession #Economy #Australia The US is calling Australia out on our three hidden recessions. References https://www.stlouisfed.org/on-the-economy/2019/september/australia-28-year-expansion
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Inflation and Housing
#Inflation #Housing #Australia Existing housing purchases are not included in CPI. How would our inflation rate look if it were included? References Inflation data ‘very poor’ cost of living measure due to house price exclusionhttps://mobile.abc.net.au/news/2017-04-20/inflation-data-suffers-from-exclusion-of-housing/8457718 Shadow Government Statisticshttp://www.shadowstats.com/alternate_data/inflation-charts Housing affordability in Australiahttps://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability
#Housing #Affordability #Australia Government guarantees have the potential to drive up housing. References guarantees likely to push up house prices, economists warn https://www.domain.com.au/news/first-home-buyer-deposit-guarantees-likely-to-push-up-house-prices-economists-warn-836969/
#Housing #Affordability #Australia Housing Affordability is a huge problem in Australia and will dampen hopes that soaring housing prices will save the Australian economy from recession. References House ownership is out of reach for ‘disenfranchised’ millennials, says CoreLogic property analysts https://www.abc.net.au/news/2019-09-28/disenfranchised-millennials-property-ownership-unaffordable/11555420?section=business Housing affordability in Australia https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/HousingAffordability
#Recession #Unemplotment #JobAds Job vacancies drop and unemployment rates rise. References Job vacancies decline in August
#Unemployment #Underemployment #Recession Australia’s unemployment rate has risen in August to 5.3% despite the RBA’s hopes and dreams. References Unemployment keeps rising to 5.3 per cent in Augusthttps://www.abc.net.au/news/2019-09-19/unemployment-continues-to-rise-hitting-5.3-per-cent-in-august/