#Banking #Housing #HousingCrash I look at a recent AFR article in which Westpac CEO Brian Hartzer claims that banks are not to blame for the housing crash. Seemingly ignoring recent evidence from Melbourne land sales. References Westpac CEO Brian Hartzer says banks ‘not to blame’ for house slump https://www.afr.com/business/banking-and-finance/westpac-ceo-brian-hartzer-says-small-business-hurt-by-lending-crackdown-20190130-h1anog YouTube Cards
Tag: Construction
#Banking #Construction #Housing I look at a recent article in the Herald Sun about Banks changing lending criteria killing new housing projects. Which seems to disagree with recent comments from the RBA. References Banks short-change buyers, force lots of land back up for sale https://www.realestate.com.au/news/banks-shortchange-buyers-force-lots-of-land-back-up-for-sale/?rsf=ps%3Afacebook%3Anews%3Avic
#AusPol #Construction #Housing The RBA is blaming the housing crash on Population Growth and Slow Builder while negating the influence of lending capacity. https://youtu.be/CA1dft5vopQ References Reserve Bank says population growth, slow building to blame for property boom and bust https://www.abc.net.au/news/2019-03-06/rba-says-population-growth-to-blame-for-property-boom-and-bust/10874502
#Hammurabi #BuildingCode #Babylon I look at the aspects of Hammurabi’s Code of Laws that relate to construction and ask the question, “Should Australia adopt these codes?” References Hammurabi, King of Babylon http://www.thenagain.info/WebChron/MiddleEast/Hammurabi.html 007. Babil (ancient: Babylon) https://www.cemml.colostate.edu/cultural/09476/iraq05-007.html The Oldest Code of Laws in the World by King of Babylonia Hammurabi https://www.gutenberg.org/files/17150/17150-h/17150-h.htm
#AusPol #Construction #Housing I look at a recent article exploring the claims by Economist Lindsay David that we are already in the second stage of a housing crash. What are you doing to prepare? References ‘Let the bloodbath begin’: House prices in Sydney and Melbourne ‘could halve’ in worst crash since 1890s https://www.news.com.au/finance/economy/australian-economy/let-the-bloodbath-begin-house-prices-in-sydney-and-melbourne-could-halve-in-worst-crash-since-1890s/news-story/5918ea13042d5f819cb13c77629f060a David Murray […]
#AusPol #Construction #SmallBusiness I discuss a recent article from the ABC about the decline in employment in the construction industry and reduced wage growth. From reading the article it appears that some of the analysts have never experienced the challenges of running a small business. References Businesses undermine the Reserve Bank’s hope of wage rises […]
The Spencer Street High Rise Fire #SpencerStreet #CladdingFire #Fire It continues. https://youtu.be/biIeIkiVOv8 References Melbourne apartment tower fire fuelled by combustible cladding on Spencer St high-rise https://www.abc.net.au/news/2019-02-04/spencer-street-apartment-fire-melbourne/10776018
The Opal Tower Fallout – References
#Opal #Cracking #Failure Widespread economic implications. https://youtu.be/Qbz2E31l6Gk The Opal Tower might not fall, but prices for new apartments could plummet as the consequences of the building debacle widen. by Jason Murphy https://www.news.com.au/national/nsw-act/news/the-farreaching-consequences-of-opal-tower/news-story/2326a65696330c04ac03747b82e83187
#Opal #Cracking #Certifier Good Old “Where there is smoke, there is fire!” References Opal tower certifier was previously disciplined by building watchdog https://www.news.com.au/finance/business/other-industries/opal-tower-certifier-was-previously-disciplined-by-building-watchdog/news-story/8252377b84e0a4cd076874565dcbee73