Heise Says
#CashBan #Australia #Cashless Susan Franks of the Chartered Accountants of Australia not only supports the $10,000 Cash ban but argues that it doesn’t go far enough. I would rather accept some tiny inefficiencies in our tax system due to the black economy and maintain our freedom to spend cash. References Cash payment crackdown not enough […]
#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
#Education #Economy #Recession The Government dominated sectors of Healthcare and Education are driving up our costs of living. Are subsidies or competition the solution? References Families feel squeeze as healthcare, education costs outpace inflation https://www.theage.com.au/politics/federal/families-feel-squeeze-as-healthcare-education-costs-outpace-inflation-20190819-p52ihv.html
#AusPOL #Economy #Recession Our government is apparently happy with the trajectory of the Australian Economy. Am I the only one who is sceptical? References Annual Report 2017 – 2018https://www.wgea.gov.au/sites/default/files/documents/wgea-annual-report-17-18.pdf https://www.news.com.au/national/breaking-news/finance-minister-backs-economic-trajectory/news-story/59a86b2eb423e03cee8b6d910045c3dd?fbclid=IwAR0EzeZByAiCFtvoFwPBamRcVZDiqCkpT_G_e98H5BSsa5U63pzx_gB3GzU
#Property #RealEstate #OffThePlan Experts are warning people to not risk buying off the plan. References Building expert commissioned to investigate industry warns ‘I wouldn’t buy a new apartment’ https://www.abc.net.au/news/2019-08-19/building-report-author-says-she-wouldnt-buy-new-apartment/11421268?section=business
#RealEstate #Sydney #Property Shockingly Sydney Apartments are selling for significant losses. Is it still time to rush out and buy off the plan? References Losses are mounting for sellers in Sydney’s new high-rise buildingshttps://www.news.com.au/finance/real-estate/losses-are-mounting-for-sellers-in-sydneys-new-highrise-buildings/news-story/327c0a8b336ea9228013da3f77607b21
#Development #Apartments #Australia Developers are admitting that demand for Apartments is waining as buyer become warier following recent defect issues in the media. References Australia’s top developers acknowledge impact on potential buyers after Opal, Mascot Towers apartment defect news https://www.domain.com.au/news/australias-top-developers-acknowledge-impact-on-potential-buyers-after-opal-mascot-towers-apartment-defect-news-869967/
#Recession #BondRates #InvertedYieldCurve Fears of a US and global recession are growing, with huge stock market drops and other indicators predicting a recession. Do we only have 15 months time until a United State recession? How will it affect Australia? References 5 things investors need to know about an inverted yield curve https://www.marketwatch.com/story/5-things-investors-need-to-know-about-an-inverted-yield-curve-2019-08-14 ‘Crazy inverted […]
#RealEstate #Property #SkyRocket Sydney property is apparently set to SkyRocket! Another attempt at inducing FOMO or an accurate prediction for the future? References Home seekers urged to buy Sydney property soon or risk paying a higher price https://www.news.com.au/finance/real-estate/sydney-nsw/home-seekers-urged-to-buy-sydney-property-soon-or-risk-paying-a-higher-price/news-story/a0321a743d1749c04e667508d58df49a Australia’s Housing Market Is Suddenly Heating Up Again https://www.bloomberg.com/news/articles/2019-08-07/all-of-a-sudden-australia-s-housing-market-is-heating-up-again?srnd=premium-asia
#Melbourne #WindorHotel #Planning Approval Victorian Minister for Planning Mr Richard Wynne has refused to extend the planning approval for the Windsor Hotel development. It appears that the Halim group was unable to secure finance for the $330 million dollar project. A sign of the apartment market perhaps? References https://www.theage.com.au/national/victoria/planning-minister-calls-time-on-windsor-hotel-redevelopment-saga-20190809-p52fht.html