The luxury Elizabeth Quay Tower in Perth is plagued with defects with one $2million apartment having 200 alone. While Mark Gibson tries to make a tenuous link to Opal Tower this is more a lesson of the dangers associated with buying off the plan and residential tower developer. A premium price does not mean premium quality.
Elizabeth Quay towers plagued by leaks and building
I discuss five way’s people can prepare for the impending recession in Australia, with a bonus sixth way tacked onto the end of my video. Difficult times are not insurmountable and can be character building.
Bill Shorten is making promises to casual workers to provide them with a smoother pathway to permanent positions. Sounds great but might end up hurting more than helping. I would prefer more support for small businesses or addressing the issues of labour-hire companies. Where people employed are de-facto employees of a third party, but don’t receive the security or benefits.
Australia’s inflation rate was 0 for the last quarter and our GDP growth was only 0.2% and is trending down. It looks like Australia is heading for a recession, so why isn’t this the biggest issue of the election? Why are we worried about electric cars and political gender quotas? Will this be the only way for a generation to learn?
Today we look at a New Zealand newspaper that is reporting on the impending or already begun, housing price crash in Australia. While 50% mighty sound excessive, when limited to apartments and when measures over a few years it doesn’t appear to be that outrageous.
Interest only mortgages repayment periods are steadily ending with many predicted to finish by 2020. Do you think this will have an impact on the housing crash? Are people really so fullish to have not planned for this?
Lenders release the Kraken: when mortgages rise by $1000 a month
I look at a recent article from MacroBusiness comparing Australia’s housing crash to those in USA, UK, Ireland and Spain. Then I look at another perspective from Wolf Street. Is the GFC finally catching up with Australia?
How Australia’s housing crash compares internationally