Heise Says
#MortgageRepayments #PriceCrash #Housing 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? References Lenders release the Kraken: when mortgages rise by $1000 a month https://www.news.com.au/finance/money/lenders-release-the-kraken-when-mortgages-rise-by-1000-a-month/news-story/c7445bc500e3bb7f3c3319b456639049
#AusPol #PriceCrash #Housing 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? References How Australia’s housing crash compares internationally https://www.macrobusiness.com.au/2019/04/australias-housing-crash-compares-internationally-3/ Update on the Spreading Housing Bust in […]
#CBUS #CollinsArch #PrecastIssues Work has been halted on CBUS’s Collins Arch project at 447 Collins Street in Melbourne because of Pre-Cast Column issues. Given recent events at Opal Tower, it is not surprising that people are concerned. References Precast column movement concerns stops work at CBUS 447 Collins Street, Pantscaper twin tower projecthttps://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/97069-precast-column-movement-concerns-stops-work-at-cbus-447-collins-street-pantscaper-twin-tower-project.html China’s strangest […]
#AusPol #PriceCrash #Housing Experts are predicting continued housing price declines in Sydney and Melbourne with a $60,000 drop in Sydney. How can experts think any rate drop will have any impact at the moment? References Property prices to tumble $60,000 by 2020 https://www.news.com.au/finance/real-estate/buying/property-prices-to-tumble-60000-by-2020/news-story/752a1cf5496602aab59f215b9cf3bd4b
#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
#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
#NRL #IndigenousAllStars #NationalAnthem I look at the NRL Anthem Silence protest, where several Indigenous All Stars protested the Australian National Anthem and calls by Mal Meninga for a referendum. It all seems like a missed opportunity to bring attention to the serious issues in Indigenous Communities References Mal Meninga, Indigenous All Stars captain call for […]
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
#BlairCottrell #StKilda #Speech Polite society doesn’t like talking about working-class issues. References 2019 JAN 05 AUSTRALIAN AWAKENING: (Unshackled) Raw Footage What Happened at; St Kilda Rally https://www.facebook.com/4cminewswire/videos/2177302662522438/
Police investigate ‘vicious’, ‘cowardly’ St Kilda foreshore assaults. (Accessed 04.11.2018) https://mobile.abc.net.au/news/2018-11-02/police-investigate-st-kilda-foreshore-assaults/10461944?pfmredir=sm