Categories
Economy Finance

Mortgage Arrears Soar

RealEstate #Mortgages #HeiseSays Arrear rates are at the highest level they have been in a decade, with WA taking the lead. References https://www.rba.gov.au/speeches/2019/sp-dg-2019-11-15.html

Categories
Economy

RBA Keeps the Cash Rates Steady

#Economy #Recession #HeiseSays The RBA has kept the Cash Rate Steady. References Statement by Philip Lowe, Governor: Monetary Policy Decision https://www.rba.gov.au/media-releases/2019/mr-19-29.html RBA Rate Indicator – December 2019 https://www.asx.com.au/prices/targetratetracker.htm

Categories
Construction Economy

Dwelling Approvals Down 21%

#Construction #Property #HeiseSays Dwelling approvals have dropped over 21% when compared to this time last year. References

Categories
Economy Recession

RBA Encourages Business to Borrow

#Borrowing #Economy #HeiseSays The RBA is trying to encourage business to borrow and invest. Doest any trust Philip “Unexpected” Lowe? References https://www.abc.net.au/news/2019-10-29/zero-interest-rates-extraordinarily-unlikely-rba-governor/11651356?section=business

Categories
Economy Recession

The Wage Growth Failure

#Wages #Economy #HeiseSays Wage growth has plunged and the RBA is at a loss to explain why. References Wages growth in Australia: The truth about this viral graph https://www.news.com.au/finance/economy/australian-economy/wages-growth-in-australia-the-truth-about-this-viral-graph/news-story/d75327cfb07c8a961b3688873397bb17

Categories
Construction Economy

Construction Sector Decimated

#Construction #Economy #HeiseSays Australia’s construction sector is slowing down and may decimate the job sector. Once again the RBA was surprised. References ‘Jobs will be lost’: Construction slowdown to leave thousands unemployed https://www.news.com.au/finance/work/careers/jobs-will-be-lost-construction-slowdown-to-leave-thousands-unemployed/news-story/4c43923160ce3c0d5327ff0103abe1c4?fbclid=IwAR2QFIH4si-udcnd3RKZBLgqLKMUXLrTDN7od7sjCl17HCldX_4c1u2NjUQ https://s3-ap-southeast-2.amazonaws.com/sua-gateway-files/Digital-Foundations-media-release-version-1.2.pdf

Categories
Economy

Architecture Fees Crash

#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

Categories
Housing Crash Real Estate

Housing Prices Rise

#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

Categories
Economy Housing Crash

Restarting the Housing Bubble

#Housing #Bubble #Economy #HeiseSays Quantitative Easing and Negative Interest Rates could potentially restart the Australian Housing Bubble. References https://www.businessinsider.com.au/australia-housing-bubble-rba-negative-interest-rates-qe-2019-10

Categories
Economy Recession

Aussie Dollar Hits Decade Low

#RBA #CashRate #Australia #HeiseSays The Australian Dollar has dropped to a decade low. References Dollar hits decade low after RBA cuts rate to 0.75pc to head off rising unemployment https://www.abc.net.au/news/2019-10-01/rba-cuts-rate-to-new-low-of-0.75pc/11562908?section=business https://tradingeconomics.com/australia/currency