Heise Says
#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 Apartment caretake contracts are creating the potential for corruption. References https://mobile.abc.net.au/news/2019-10-20/markets-buying-risk-but-has-global-economic-conditions-improved/11618474?section=business
#Property #RealEstate #HeiseSays Investor Confidence is apparently growing. References Low rates, strong rental yields boosting investor confidence in Qld
#Property #RealEstate #HeiseSays Off-the-plan Apartments are losing their value in record numbers. References Majority of off-the-plan apartments worth less than purchase price, data shows https://www.abc.net.au/news/2019-10-21/majority-of-off-the-plan-apartments-worth-less-than-bought-for/11613256?fbclid=IwAR0z4c7meB5OaFftnrT-Im2lFdxQVIjZNae3QkLpkb1PDAta9M6sTQOTbAw
#QuantitativeEasing #HousingBubble #HeiseSays Will Quantitative Easing restart the housing bubble? References Big change by RBA will increase house prices, says new report https://www.news.com.au/finance/economy/australian-economy/big-change-by-rba-will-increase-house-prices-says-new-report/news-story/d42c00dc0c5a7b07240a648cf227a84f
#Architecture #Fees #HeiseSays Let’s talk about the fees for my profession. References Time to ‘get out’: Architects pay hit by slump https://www.afr.com/property/commercial/time-to-get-out-architects-pay-hit-by-slump-20191015-p530rg
#Housing #RealEstate #HeiseSays Housing prices have risen in Melbourne and Sydney so naturally, this means the marketing is turning around. Perhaps it’s time to discuss other factors that might be affecting property prices. Watch on Bitchute Watch on Facebook References Australia’s house prices have rebounded by up to $3000 a week https://www.news.com.au/finance/real-estate/buying/australias-house-prices-have-rebounded-by-up-to-3000-a-week/news-story/cdda6724b73cda866da20fa39908427f
#Economy #Housing #FirstHomeBuyer #HeiseSays First Home Buyers are being pressured because “Time is Running Out”. Once again I am very cynical. References First-home buyers in Sydney and Melbourne able to act quicker than ever, but time is running out https://www.news.com.au/finance/firsthome-buyers-in-sydney-and-melbourne-able-to-act-quicker-than-ever-but-time-is-running-out/news-story/c94988f60725546ca64f7a919ec211ef
#Recession #Economy #Australia The US is calling Australia out on our three hidden recessions. References https://www.stlouisfed.org/on-the-economy/2019/september/australia-28-year-expansion
#China #Australia #Tourism Chinese tourism to Australia has crashed with a potential $800 million dollar hit to our economy. References https://www.bloomberg.com/news/articles/2019-09-23/big-blue-diamond-found-by-struggling-petra-at-flagship-mine