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Articles from MacroBusiness

London house prices continue to fall

April 17, 2018 - 11:30 -- Admin

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that values in London continue to fall: The rate of annual house price growth slowed for the tenth successive month in March to 0.7%, compared to 5.1% a year ago. The average house price in England and Wales

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Why it’s time to legalise pot

April 17, 2018 - 11:00 -- Admin

By Leith van Onselen The Greens are seeking to legalise marijuana for Australians over the age of 18 in a bid to stifle organised crime: Senator Richard Di Natale argued his party’s proposal would not result in the widespread sale and use of cannabis, and claimed there would be strict regulations on sale and production.

The post Why it’s time to legalise pot appeared first on MacroBusiness.

A ‘green belt’ is the wrong policy to protect agriculture

April 17, 2018 - 10:30 -- Admin

By Leith van Onselen One of the common arguments against ‘urban sprawl’ is that it endangers Australia’s food bowl – the food producing farms that sit beyond the urban fringe of our major cities. In recent times we have witnessed alarmist reports from various bodies, such as the University of Technology Sydney, warning that Sydney

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CoreLogic: Rental growth slowing

April 17, 2018 - 10:00 -- Admin

By Leith van Onselen CoreLogic has released its Quarterly Rental Report, which reveals a two-speed rental market, with rental growth also beginning to slow after recently climbing off the canvas: The quarterly report measures the percentage change in rental prices over the first quarter, which is typically the strongest for rental appreciation and growth, as

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Gottiboff: Royal commission to land on builders

April 17, 2018 - 09:28 -- Admin

Via Goittiboff: I have been in touch with two of the top five non-apartment builders in Australia and neither realised that the Royal Commission was threatening to go after the banks over unfair lending practices if they keep lending to homebuyers on the basis of false living expense estimates. …Both builders explained that the majority

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Stop the presses: Australian Treasury likes mass immigration

April 17, 2018 - 09:09 -- Admin

By Leith van Onselen The Australian Treasury has reportedly provided briefing to the Turnbull Government spruiking the economic benefits of mass immigration and warning against any cut to the migrant intake. From The Age: The migrant intake from 2014-15 alone will provide a $10 billion boost to the budget over the next five decades, the

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Is a university degree still worth the cost?

April 17, 2018 - 09:00 -- Admin

By Leith van Onselen Last week, I published an article on the diminishing value of having a university degree, whereby due to exploding student numbers on the back of the uncapping of Australian university places, the economy has become massively oversupplied with university graduates: Leading to poor employment outcomes, despite the massive cost to the Budget

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Australian banksters are up there with the world’s worst

April 17, 2018 - 06:50 -- Admin

Let’s recall the revelations of the Banking Royal Commission so far, via UBS: Fraud and Bribery Counsel Assisting, Ms Rowena Orr, QC: “I want to put to you is that NAB knows, & you know, that there were unsuitable loans, there was false documentation, there was dishonest application of customers’ signatures on consent forms &

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Aussie bonds enter rate hike Twilight Zone

April 17, 2018 - 06:29 -- Admin

DXY was down last night: AUD was stablish: Gold firmed: Oil fell: And remains vulnerable with a huge speculative long: Base metals lifted: Big miners fell: EM stocks struggled: The EM junk tide is definitely going out. A slowing China signal? Short end Treasury yields marched higher, the curve flattened again: Not so bunds: Stocks

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