Heise Says
#RalanGroup #Development #RalanCollapse Sydney Unit Developer Ralan Group has collapsed, entering voluntary administration, with $500 million worth of outstanding debt. With unfinished projects, one has to worry about how this will affect tradies, material suppliers and people who have purchased off the plan. References Major Sydney unit developer The Ralan Group collapses during apartment downturn […]
#CashLimit #AusPOL #$10,000 The Australian government is proposing to limit cash transaction to $10,000 or less to reduce the black market. Let’s look at an overview of their proposal an then the potential implications with regards to negative interest rates and recent IMF research. References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 […]
#Petrol #Recession #Economy The latest Australian Consumer Price Index data has been released and petrol has increased by 10% in Australia. A sign that our costs of living are increasing? References 6401.0 – Consumer Price Index, Australia, Jun 2019
#AusPol #Recession #Economy Australian’s are in arrears with their Mortgages during a period of the lowest interest rates in the history of our nation. Signs of stagnant wage growth, expensive real estate and a lack of financial education. References https://mobile.abc.net.au/news/2019-07-30/more-australian-borrowers-falling-into-mortgage-arrears/11365288?pfmredir=sm
#Business #Australia #Recession Tradies and small businesses are slowing down as business conditions are worsening. With tradies seen as the canary in the economic coal mine, what does this mean for the economy? References https://mobile.abc.net.au/news/2019-07-26/business-conditions-worsen-for-small-and-medium-enterprises/11346742?pfmredir=sm
#Defects #Australia108 #Australia The Australia 108 Apartment in Melbourne apparently has defects with residence hearing loud cracking. Another construction project to keep a track of? References Fears of defects in Melbourne’s tallest tower https://thenewdaily.com.au/money/property/2019/07/26/australia-108-building-defects/
#HousingCrash #HousingBubble #Australia Let’s look at some visual graphics showing which countries are currently at the greatest risk of being in a housing bubble and see where Australia sits? References Mapped: The Countries With the Highest Housing Bubble Risks
#Nissan #Recession #Manufacturing Nissan has cut globally cut 10,000 jobs. Another sign of global manufacturing slowing down which will have an understandable impact on the Australian economy. References Nissan to Deepen Job Cuts to 10,000 Worldwide, Kyodo Sayshttps://www.bloomberg.com/news/articles/2019-07-23/nissan-to-cut-an-additional-5-200-jobs-globally-kyodo-reports
#AusPOL #Recession #Crash 8 out of 10 jobs in the last year were created in the Public Sector. Surely a sign that everything is fine with the economy and that the Public Sector will save us all. References Public sector propping up employment and the economy, analysts say https://www.abc.net.au/news/2019-07-23/jobs-growth-dominated-by-public-sector/11334294?section=business
#DavidJones #Recession #Unemployment David Jones has fired 120 people, and the NAB has stated that we are in a retail recession. I honestly think the public is too worried to spend. References David Jones to cut 120 jobs in face of retail recession https://www.smh.com.au/business/companies/david-jones-to-cut-120-jobs-in-face-of-retail-recession-20190719-p528pn.html