Heise Says
#AusPol #Budget #RateCut The RBA is predicted to make an interest rate cut tomorrow. Will it make any difference and will Australia avoid a recession or a housing crash? References With rate cuts and the real risk of a recession ahead, can Australia’s economic run of luck continue? https://www.abc.net.au/news/2019-06-03/rate-cuts-and-recession-can-our-luck-continue/11172000
#AusPol #Budget #Housing It appears that the Melbourne housing price crash has left a huge hole in the Victorian State Budget. While the natural response for a Labor government is to increase taxes, I am concerned that they didn’t foresee this issue. References Housing fall blows $5.2bn hole in Victorian budget https://www.theaustralian.com.au/nation/politics/housing-fall-blows-52bn-hole-in-victorian-budget/news-story/b3f8bedafa7ad255572e1c3f859a9751
#AusPol #InterestRate #Housing The RBA is looking at cutting Australia’s Cash Rate. Will an Interest Rate cut stop the housing crash? References Australian dollar headed for a fall as Reserve Bank mulls interest rates cut https://www.abc.net.au/news/2019-05-06/why-the-aussie-dollar-is-headed-for-a-fall/11081810?pfmredir=sm The Observatory of Economic Complexity https://atlas.media.mit.edu/en/profile/country/aus/ 6202.0 – Labour Force, Australia, Mar 2019 http://www.abs.gov.au/ausstats/abs@.nsf/0/6050C537617B613BCA25836800102753?Opendocument
#AusPol #Recession #MortgageDelinquencies Australian mortgage delinquencies are on the rise. This does not bode well for the economy and is another sign of the impending recession. References https://www.abc.net.au/news/2019-05-02/negative-equity-on-the-rise-as-house-prices-continue-to-fall/11061780
AusPOL #Recession #Australia I discuss five way’s people can prepare for the impending recession in Australia, with a bonus sixth way tacked onto the end of my video. Difficult times are not insurmountable and can be character building.
#AusPol #Recession #Election2019 Bill Shorten is making promises to casual workers to provide them with a smoother pathway to permanent positions. Sounds great but might end up hurting more than helping. I would prefer more support for small businesses or addressing the issues of labour-hire companies. Where people employed are de-facto employees of a third […]
£AusPol #Recession #Election2019 Australia’s inflation rate was 0 for the last quarter and our GDP growth was only 0.2% and is trending down. It looks like Australia is heading for a recession, so why isn’t this the biggest issue of the election? Why are we worried about electric cars and political gender quotas? Will this […]
#AusPol #ConsumerConfidence #Housing Today we look at a New Zealand newspaper that is reporting on the impending or already begun, housing price crash in Australia. While 50% mighty sound excessive, when limited to apartments and when measures over a few years it doesn’t appear to be that outrageous. References
#MortgageRepayments #PriceCrash #Housing Interest only mortgages repayment periods are steadily ending with many predicted to finish by 2020. Do you think this will have an impact on the housing crash? Are people really so fullish to have not planned for this? References Lenders release the Kraken: when mortgages rise by $1000 a month https://www.news.com.au/finance/money/lenders-release-the-kraken-when-mortgages-rise-by-1000-a-month/news-story/c7445bc500e3bb7f3c3319b456639049
#AusPol #PriceCrash #Housing I look at a recent article from MacroBusiness comparing Australia’s housing crash to those in USA, UK, Ireland and Spain. Then I look at another perspective from Wolf Street. Is the GFC finally catching up with Australia? References How Australia’s housing crash compares internationally https://www.macrobusiness.com.au/2019/04/australias-housing-crash-compares-internationally-3/ Update on the Spreading Housing Bust in […]