#Taxation #Economy #HeiseSays Increasing the day to day cost of living….smart! References https://www.news.com.au/finance/work/leaders/calls-to-expand-the-gst-are-shot-down-by-the-prime-minister/news-story/fb3090047d7acc2266270ca3d0e92115
Tag: Economy
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The Interest Only Epidemic
#RealEstate #Economy #HeiseSays A potential epidemic of interest-only loans is about to reset. Will this affect the housing market? References Interest-only loan reset hurting borrowers despite the rate cutshttps://www.abc.net.au/news/2019-10-28/interest-only-reset-hurting-borrowers-despite-rate-cuts/11637350
#Recession #Economy #HeiseSays Are we heading towards a global recession? References Boom, doom and gloom: The forces uniting Australia and the United States https://www.abc.net.au/news/2019-10-28/forces-uniting-australia-and-the-usa-are-the-market/11644400?section=business
#Employment #Economy #HeiseSays The Queensland Government is proud that they have achieved gender parity, but is this just ideology before lives? References https://www.theaustralian.com.au/nation/politics/gender-equality-push-risks-mine-safety/news-story/b98bf6267f1cb7bf4c0e6519971a150a http://statements.qld.gov.au/Statement/2019/10/23/we-said-we-can-do-it-so-we-did-queensland-reaches-gender-parity
#RetailRecession #Economy #HeiseSays Smart Money is leaving the retail sector in Australia. References Lowy family severs all ties with Australian retail sector https://www.smh.com.au/business/companies/lowy-family-severs-all-ties-with-australian-retail-sector-20191016-p531e3.html
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Gold Coast’s Population Boom
#PopulationGrowth #GoldCoast #HeiseSays Gold Coast’s population is expected to grow by 350,000. The only concern seems to be with the loss of character for the Gold Coast with no mention of employment or infrastructure issues? References Gold Coast has ‘lost its mojo’ as development and population boom throws character into question https://www.abc.net.au/news/2019-10-18/gold-coast-lost-mojo-development-throws-character-into-question/11594642
#RetailRecession #Economy #HeiseSays An impromptu look at Australia Fair Shopping Centre on the Gold Coast and the large number of vacant tenancies.
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Melbourne’s Land Plunges 20%
#Economy #RealEstate #HeiseSays Melbourne’s empty land has plunged in value by up to 20%, with buyers struggling to secure financing. References
#Economy #Recession #HeiseSays Australia has lost over 120,000 millionaires. Could this negative “Wealth Effect” be the reason for the retail recession? References Housing market slump means Australia has lost 124,000 millionaires https://www.news.com.au/finance/money/wealth/housing-market-slump-means-australia-has-lost-124000-millionaires/news-story/47c166ee2a77ad677afd6bcd33208e95 The Wealth Effect https://www.investopedia.com/terms/w/wealtheffect.asp
#Property #RealEstate #HeiseSays 60 contaminated sites have been publically identified in Queensland, including future development sites. References Erin Brockovich sounds alarm over PFAS contamination after more Queensland sites revealed https://www.abc.net.au/news/2019-10-21/erin-brockovich-sounds-alarm-over-pfas-as-new-qld-sites-emerge/11606772