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Abbott: Cut immigration, win the election

January 22, 2018 - 11:47 -- Admin

Via SBS: The Turnbull Government would have a better chance of winning the next election if it reduces the flow of immigration to Australia, according to former prime minister Tony Abbott. The former Liberal leader told Radio 2GB the Coalition could reverse its recent poor performance in opinion polls by following his advice on immigration

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Kohler’s cryptoconfusion deepens

January 22, 2018 - 11:38 -- Admin

From Alan Kohler today, who can’t make his mind up about cryptocurrency: Much the same bafflement applies to the rest of the great and the good choppering into Davos today, and let’s face it: it IS hard to know what to make of bitcoin, and the other cryptocurrencies. …There are initial coin offerings (ICOs) almost

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Why is the US dollar weak (and Australian dollar strong?)

January 22, 2018 - 11:21 -- Admin

News flow over the weekend was DXY bearish and EUR bullish as the US government shutdown is proceeding, via Bloomie: The House and Senate are back in session Sunday with a federal government shutdown in its second day amid a spending-bill impasse in Congress. The House is supposed to be on recess this week, but

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Property prices in all cities still sinking

January 22, 2018 - 10:50 -- Admin

Via CoreLogic: And the Leading Mortgage Index is now down a meaty 20% year on year, touching 2015 levels: If you’re wondering why you’re seeing some mortgage discounts emerge, here it is. No demand. Full report.

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Domainfax Fat Cat shock exit

January 22, 2018 - 10:37 -- Admin

Lordy, is property falling apart suddenly? via Domainfax: The chief executive of real estate classifieds group Domain, Antony Catalano, has announced his sudden resignation, just two months after the company was spun off from Fairfax Media and listed on the ASX as an independent entity. …”I understand and regret that the timing of this decision is

The post Domainfax Fat Cat shock exit appeared first on MacroBusiness.

McGrathmaggedon disintegrates

January 22, 2018 - 10:32 -- Admin

Oh dear, via the ASX: Seems to me that the wrong folks are getting boned. But if your name is above the door then I guess it ain’t easy to get rid of you. More widely, the phrase “half year earnings have been adversely affected by underperformance in the Company owned sales division, including Project

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Macro Morning (Trading Week)

January 22, 2018 - 09:30 -- Admin

By Chris Becker  Another week of new record highs on US stock markets and fear of missing out is still winning versus fear of the subsequent and inevitable correction. The real fear remains in the biggest market in the world – bonds. While technically not yet in a bear market, all the signs are there that

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2018 Demographia International Housing Affordability Survey

January 22, 2018 - 03:00 -- Admin

By Leith van Onselen The 14th Annual Demographia International Housing Affordability Survey has been released and, once again, it ranks Australia as having one of the most expensive housing markets out of the countries surveyed. This year’s report assesses 293 urban markets in nine countries: Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, United

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Developer legend: Strayan property headed for “spectacular, huge crash”

January 22, 2018 - 00:35 -- Admin

Via The Australian: Speaking exclusively to The Weekend Australian while in Adelaide this week watching the cycling team he co-owns compete in the Tour Down Under, Michael Drapac says his company’s sole focus is now in the US, where he has made millions from buying up assets that were unwanted in the wake of the global financial

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McGrathmageddon plunges into the red

January 22, 2018 - 00:30 -- Admin

Via the AFR comes Su-Lin Tan with the leaking of internal McGrathmaggedon documents: They show McGrath Limited was targeting a $3.3 million net profit after tax between July and November 30 but instead sunk to a $1.3 million loss as it suffered from falling commission income from residential house sales. …The internal documents show McGrath missed its

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