The Australian Dollar has skyrocketed.
China is threatening to reduce its imports of Australian Iron Ore.
#IronOre #Australia #HeiseSays Australia’s dependency on Iron Ore is concerning because of the falling Iron Ore Market. References ‘Failed souffle’: Warning for Australia as iron ore begins to fallhttps://www.watoday.com.au/business/the-economy/failed-souffle-warning-for-australia-as-iron-ore-begins-to-fall-20191105-p537gw.html https://tradingeconomics.com/commodities https://oec.world/en/profile/country/aus https://oec.world/en/profile/hs92/2601/
#Economy #Recession #HeiseSays China’s GDP is falling and it can cost Australian Jobs References https://mobile.abc.net.au/news/2019-10-18/china-economy-hits-three-decade-low-with-gdp-at-6pc/11616774?section=business
#Perth #Housing #HeiseSays Perth’s housing market has stagnated with significant oversupply and the government is pining hope in mining investment to stimulate migration. Worrying considering current mining investment is in automation and demand for resources is dependant on China. References Perth’s housing market is still lagging behind — and it will take more than a […]
#China #Economy #Recession China’s economy is slowing and economists are concerned about the potential impact on the Australian economy. References China whispers of economic Armageddon, why Australia should be worried https://www.news.com.au/
#Export #IronOre #Australia Australia’s export boom may be over and with the budget surplus. It’s concerning that our nation is so dependant on one resource. References The export boom may have peaked as key commodities roll over https://www.abc.net.au/news/2019-09-05/iron-ore-on-the-slide-as-export-boom-may-have-peaked/11481614?section=business
#Investing #Property #AuctionClearanceRates Let’s look at the Auction Clearance Rates for the 24th of August 2019. References Auction Results & Recent Sales https://www.realestate.com.au/auction-results/?rsf=edm:salesresults