From CoreLogic comes weekly indices that look ugly for property. Unsold listings are piling up: Leading mortgages are falling down: And auction clearance patterns remain poor with Sydney’s mortgage belt pain intensifying while Melbourne just falls everywhere: There is nothing but more pain here.
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By Leith van Onselen Just a fortnight after the Grattan Institute released propaganda claiming “Australia’s urban commuters have little to fear from population growth”, that “migration has not brought cities to a standstill”, and that the impact of population growth is “benign”, the truth has been revealed yet again, with the Australian Automobile Association (AAA)
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From Bill Evans, the most honest of the of the major bank economists by some distance:
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Via BofAML which see the Australian dollar jumping to 84 cents by year-end 2019: We are relatively optimistic. The fundamentals are strong in Australia, particularly for the labour market. A key reason that we thought the [US] dollar would be strong was the fiscal stimulus. Looking ahead the impact will start to fade and we
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By Leith van Onselen The Teranet-National Bank House Price Index for September has been released, which shows that Canadian house price growth has bounced from last month’s post-Global Financial Crisis (GFC) low: In the year to September, Canadian home values rose by just 2.1%, up from 1.4% last month. The rebound was driven by Toronto,
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Via the ABC because we have so much in common: Chinese football’s governing body has turned to military drills in its latest attempt to fulfil President Xi Jinping’s goal to make the country a great football power by the turn of the century. Over the weekend, more than 50 of the country’s top under-25 players
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Global Macro / Markets / Investing: Uber’s secret weapon is its team of economists – Quartz Bitcoin must die – Slugger Dr. Doom Ignites A Bitcoin Firestorm – Forbes Oil could hit $200 ’or even double that figure’: Saudi threatens to retaliate against any sanctions over Khashoggi disappearance – Financial Post U.S. Stocks Have Been
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Despite the positive finish on Wall Street on Friday night, markets here in Asia are continuing to selloff as tensions mount in the Middle East with Saudi stock markets tanking on the weekend (about the only thing they get right is allowing trading on weekends!) plus a fallout from German and Italian political troubles. Safe
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I never thought I’d say this, but The ABC might actually do justice to the population debate after Four Corners’ recent heavily biased special (which featured a swathe of pro-‘Big Australia’ spruikers like Bernard Salt, Innes Willox, Liz Allen and Peter McDonald). Tonight, ABC 7.30 Report will air part-one of a three part special, which
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By Leith van Onselen Labor’s infrastructure spokesman, Anthony Albanese, has repeated his call for a High Speed Rail (HSR) linking Melbourne and Sydney: Australia must start planning for a high-speed rail network along the east coast, says Labor’s infrastructure spokesman Anthony Albanese. Mr Albanese on Monday introduced a private bill to establish a high speed
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