Heise Says
#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 […]
#Verve #Construction #Newcastle Significant structural issues have been discovered in Newcastle’s tallest building, “The Verve Residences”. I wonder if the repair work due to recent flooding in the building helped in the discovery of these significant issues. I really hope there is no missing concrete in fire-rated walls. References https://www.newcastleherald.com.au/story/6320725/the-verve-and-the-standards-debate/ BOB THE BUILDER TAKES US […]
#Recession #Australia #Economy Economists are predicting that there is a 20% to 25% chance of Australia heading into recession within the next 12 months. While their hope is based on the Chinese domestic market supporting Australia, I’m more sceptical. References The good, the bad and the bumper sticker as Australia faces ‘20-25 per cent chance […]
#RealEstate #Sydney #Property Shockingly Sydney Apartments are selling for significant losses. Is it still time to rush out and buy off the plan? References Losses are mounting for sellers in Sydney’s new high-rise buildingshttps://www.news.com.au/finance/real-estate/losses-are-mounting-for-sellers-in-sydneys-new-highrise-buildings/news-story/327c0a8b336ea9228013da3f77607b21
#RBA #Recession #QuantitativeEasing The RBA might deploy extreme measures to help stimulate the economy. References ‘We’re almost out of ammo’: Reserve Bank considering ‘extreme measures’ to save the economy https://www.news.com.au/finance/economy/interest-rates/were-almost-out-of-ammo-reserve-bank-considering-extreme-measures-to-save-economy/news-story/cf5a1247f66ea014db045e815b67f89f
#Development #Apartments #Australia Developers are admitting that demand for Apartments is waining as buyer become warier following recent defect issues in the media. References Australia’s top developers acknowledge impact on potential buyers after Opal, Mascot Towers apartment defect news https://www.domain.com.au/news/australias-top-developers-acknowledge-impact-on-potential-buyers-after-opal-mascot-towers-apartment-defect-news-869967/
#Recession #BondRates #InvertedYieldCurve Fears of a US and global recession are growing, with huge stock market drops and other indicators predicting a recession. Do we only have 15 months time until a United State recession? How will it affect Australia? References 5 things investors need to know about an inverted yield curve https://www.marketwatch.com/story/5-things-investors-need-to-know-about-an-inverted-yield-curve-2019-08-14 ‘Crazy inverted […]
#WageGrowth #Australia #Recession Wage growth stalled even with significant growth in portions of the public sector. Wage growth has been below average for years and does not appear to change that pattern within the foreseeable future. References https://tradingeconomics.com/australia/wage-growth https://www.abc.net.au/news/2019-08-14/wage-growth-remains-stagnant-in-q2/11412228?section=business
#Infrastructure #AusPOL #Australia Infrastructure Australia is calling on Infrastructure spending to increase significantly to meet the demands of our population growth. I’m concerned that we are at risk of overheating another section of the economy and might have another series of construction issues like our apartment sector. References https://www.infrastructureaustralia.gov.au/ https://www.abc.net.au/news/2019-08-13/infrastructure-body-says-roads-and-transport-must-catch-up/11407114?section=business
#NAB #Business #Confidence References NAB Monthly Business Survey: July 2019 https://business.nab.com.au/wp-content/uploads/2019/08/NAB-Monthly-Business-Survey-July-2019.pdf