Heise Says
#RealEstate #Property #HeiseSays Interstate and International buyers are swooping on Perth property. References 40 fire crews tackle flames ‘crawling up cladding’ at student flats http://mgoboard.com.au/wp-content/uploads/2016/08/NCC2016-BCA-Guide.pdf
#RealEstate #Property #HeiseSays A housing crash in 2020 is one of the top 20 risks for the global economy. References https://au.finance.yahoo.com/news/is-australian-property-heading-for-a-crash-012110570.html
#RealEstate #Property #HeiseSays Is resetting interest-only home loans creating a risk of fire sales? References Is Australia an innovation nation or beneficiary of dumb luck? https://mobile.abc.net.au/news/2019-11-02/australia-rich-and-dumb-or-an-innovation-nation/11657984?section=business
#Defects #Australia108 #Australia The Australia 108 Apartment in Melbourne making loud creaking noises due to incorrect construction techniques. A foreshadowing? References https://www.theage.com.au/national/victoria/incorrect-construction-techniques-behind-loud-creaking-in-melbourne-high-rise-20190730-p52c5q.html?fbclid=IwAR131U_EP5r2uBJ74btWgV1Gzn2zxGKaLyMEVno6u-58lQctM7SNVJtTdks
#Defects #Australia108 #Australia The Australia 108 Apartment in Melbourne apparently has defects with residence hearing loud cracking. Another construction project to keep a track of? References Fears of defects in Melbourne’s tallest tower https://thenewdaily.com.au/money/property/2019/07/26/australia-108-building-defects/
#HousingCrash #HousingBubble #Australia Let’s look at some visual graphics showing which countries are currently at the greatest risk of being in a housing bubble and see where Australia sits? References Mapped: The Countries With the Highest Housing Bubble Risks
#AusPOL #Recession #Crash 8 out of 10 jobs in the last year were created in the Public Sector. Surely a sign that everything is fine with the economy and that the Public Sector will save us all. References Public sector propping up employment and the economy, analysts say https://www.abc.net.au/news/2019-07-23/jobs-growth-dominated-by-public-sector/11334294?section=business
Australia #AusPOL #Recession Household wealth inequality has grown in Australia, on the back of superannuation and property growth. How will this affect the future of Australia and what would happen if there is a huge property crash? References https://www.brisbanetimes.com.au/politics/federal/revealed-the-households-with-surging-wealth-and-the-households-standing-still-20190712-p526js.html
#AusPol #Budget #RateCut The RBA is predicted to make an interest rate cut tomorrow. Will it make any difference and will Australia avoid a recession or a housing crash? References With rate cuts and the real risk of a recession ahead, can Australia’s economic run of luck continue? https://www.abc.net.au/news/2019-06-03/rate-cuts-and-recession-can-our-luck-continue/11172000
#AusPol #Budget #Housing It appears that the Melbourne housing price crash has left a huge hole in the Victorian State Budget. While the natural response for a Labor government is to increase taxes, I am concerned that they didn’t foresee this issue. References Housing fall blows $5.2bn hole in Victorian budget https://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751