Tag: Victoria

Construction Economy

Dodgy Builder Still Operating

Post author By Heise Says
Post date 25/11/2019

Builder licensing isn’t stopping dodgy operators.

Tags Australia, Building, Construction, Development, NSW, Victoria

Economy Recession

Payday Lending Desperation

Post author By Heise Says
Post date 12/11/2019

#PayDayLoans #Finances #HeiseSays People are complaining about payday lending and accusing them of predatory behaviour. Do we need government intervention or better financial education? References Millions of Australians falling victim to ‘predatory’ payday lenders, report shows https://www.abc.net.au/news/2019-11-12/payday-loans-increasing-single-mums-growing-borrowing-sector/11694908?fbclid=IwAR3kwZ9iW4nxXQfXKGN-zI7uu4QC74TFFykWXtzQLHc5VTOydZyu787-PIM

Tags Afterpay, Australia, Credit Cards, Economy, Finances, Payday Loans, Queensland, Tasmania, Victoria

Economy Real Estate

Predictions of an Apartment Shortfall

Post author By Heise Says
Post date 09/11/2019

#Property #RealEstate #HeiseSays An apartment shortfall is being predicted based on advertising data. Once again I am sceptical. References Slump in new apartment projects means shortfall in 2021

Tags Apartments, Auction Clearance Rates, Auctions, Australia, Brisbane, Homes, Melbourne, NSW, Property, Real Estate, Shortfall, Sydney, Victoria

Economy Property

Worst Property Market in Decades

Post author By Heise Says
Post date 08/11/2019

#Property #RealEstate #HeiseSays REA is claiming that the end of the property boom was manufactured. References https://www.smh.com.au/business/companies/about-as-bad-as-it-can-get-rea-boss-bemoans-worst-market-for-property-in-decades-20191108-p538ow.html?fbclid=IwAR3UM5jA4C94d67mb3GgVYiBCfXFna6JSrWPb5uCXbzGwRJJl6KajtGhx_E

Tags Apartments, Auction Clearance Rates, Auctions, Australia, Homes, Melbourne, NSW, Property, REA, Real Estate, Sydney, Victoria

Australia 108 Property

Luxury Apartments Dropping 25%

Post author By Heise Says
Post date 07/11/2019

#Property #RealEstate #HeiseSays Off-The-Plan apartments at Australia 108 have plunged in value by up to 25%. References ‘Stupidity’: Buyer rues overpaying for apartmenthttps://www.afr.com/property/residential/my-own-stupidity-buyer-rues-overpaying-for-australia-108-apartment-20191106-p537tk?&utm_source=facebook&utm_medium=social&utm_campaign=nc&eid=socialn:fac-14omn0053-optim-nnn:nonpaid-25/06/2014-social_traffic-all-organicpost-nnn-afr-o&campaign_code=nocode&promote_channel=social_facebook&fbclid=IwAR2RHfmc4N00yhv14g7Cg1Eo3rXBmH1klyc25BFpepHcoLrlfpah2hNBqzQ

Tags Apartments, Auction Clearance Rates, Auctions, Australia, Australia 108, Homes, Melbourne, NSW, Property, Real Estate, Sydney, Victoria

Real Estate

Faking Auction Clearance Rates

Post author By Heise Says
Post date 06/11/2019

#Property #RealEstate #HeiseSays Advertised Auction Clearance Rates are much higher than the formula Domain claim to use. Let’s jump into Excell and find out what the real Auction Clearance Rate should be. References https://www.domain.com.au/auction-results/sydney/

Tags Apartments, Auctions, Australia, Homes, Melbourne, NSW, Property, Real Estate, Sydney, Victoria

Economy Real Estate

Interest Only Fire Sales

Post author By Heise Says
Post date 02/11/2019

#RealEstate #Property #HeiseSays Is resetting interest-only home loans creating a risk of fire sales? References Is Australia an innovation nation or beneficiary of dumb luck? https://mobile.abc.net.au/news/2019-11-02/australia-rich-and-dumb-or-an-innovation-nation/11657984?section=business

Tags Australia, Economy, home loans, housing crash, Interst Only, Mortages, New South Wales, Queensland, Victoria

Economy Property Real Estate

Melbourne’s 25% Property Crash

Post author By Heise Says
Post date 31/10/2019

#RealEstate #Property #HeiseSays Sales have dropped by over 25% in Melbourne’s outer suburbs. Are we in the middle of a two-speed housing “boom”? References https://www.theage.com.au/politics/victoria/outer-suburbs-lead-melbourne-property-sales-freefall-20191030-p535vz.html?fbclid=IwAR3SGPM0_qb3DYwiR4M3X_KmawhlQcT6F_8HNNGgnZ2O_ApfP5ZJUzeQrDQ

Tags Australia, Boom, Crash, Economy, Finances, Housing, Melbourne, Property, Real Estate, Two-Speed Housing Market, Victoria

Economy Recession

Melbourne’s $200k Labourers

Post author By Heise Says
Post date 18/10/2019

#Melbourne #Infrastructure #HeiseSays Melbourne’s West Gate project is paying labourers exorbitant wages. I guess Andrew’s government needs to take care of their supporters? References https://www.infrastructureaustralia.gov.au/search-priority-list-map http://westgatetunnelproject.vic.gov.au/about/latest-updates/supporting-the-west-with-funding-for-community-led-ideas Labourers working on Victoria’s West Gate Tunnel raking in $110,000 for 36-hour weeks https://www.couriermail.com.au/lifestyle/labourers-working-on-victorias-west-gate-tunnel-raking-in-110000-for-36hour-weeks/news-story/4c0741984126a2343203f91e48ac23c0?fbclid=IwAR2hlXBDpSC2KUr9eH9qz-DDn8kb6e6j4Qx8iSh9sij7IN3fIrNHvCrWtQU

Tags ALP, Economics, Infrastructure, Infrastructure Spending, Labor, Melbourne, Union Workers, Victoria

Economy Property

Will Quantitative Easing Restart the Housing Bubble?

Post author By Heise Says
Post date 18/10/2019

#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

Tags Australia, Housing, housing bubble, New South Wales, Property, Quantitative Easing, Queensland, Real Estate, Victoria