Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

A detailed examination of Australian dwelling construction

July 18, 2018 - 00:15 -- Admin

By Leith van Onselen With the release recently of Australia’s dwelling construction data for the March quarter of 2018, it’s once again time to examine how Australia’s dwelling supply is tracking against population growth. The below charts track the following, which are based on the latest available quarterly data: Dwelling approvals to March 2018; Dwelling

The post A detailed examination of Australian dwelling construction appeared first on MacroBusiness.

RBA terrified of household debt

July 18, 2018 - 00:15 -- Admin

Via Westpac: The minutes of the Reserve Bank Board’s July monetary policy meeting provide some significant additional colour around the Bank’s current thinking. The main points of interest are: 1) a slightly more tentative tone around the outlook; 2) the reinstated line that the next cash rate move “would more likely be an increase than

The post RBA terrified of household debt appeared first on MacroBusiness.

Mortgage hikes to crunch Aussie borrowers

July 18, 2018 - 00:15 -- Admin

Interest rate comparison website, RateCity, has estimated that Australian mortgage holders are facing sizeable increases in repayments on the back of out-of-cycle rate rises by lenders. From The Australian:  …mortgage holders with loans of $500,000 would be hit with a bill for an extra $358 each year if their lender increased rates by 10 basis

The post Mortgage hikes to crunch Aussie borrowers appeared first on MacroBusiness.

Sydney becomes both a “buyer’s and renter’s” market

July 18, 2018 - 00:10 -- Admin

By Leith van Onselen SQM Research has released its rental vacancy series for June, which revealed a 0.2% lift in the national vacancy rate over the month but a 0.2% decline over the year: Over the year, decreases in vacancies were recorded in Adelaide (-0.3%), Perth (-1.3%), Brisbane (-0.6%) and Canberra (-0.3%), whereas increases were

The post Sydney becomes both a “buyer’s and renter’s” market appeared first on MacroBusiness.

Links 18 July 2018

July 18, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion – Bloomberg The Flattening Yield Curve – Medium Coinbase Says It Has Green Light to List Coins Deemed Securities – Bloomberg Netflix Plunges After Slowdown Threatens Highflier Status – Bloomberg Tech stocks contributed 98% of the S&P

The post Links 18 July 2018 appeared first on MacroBusiness.

Macro Afternoon

July 17, 2018 - 17:38 -- Admin

As Trump trounces Europe and supports Russian hegemony, markets continue to run the concern thread over trade tensions, while pushing the hope barrow on stellar US corporate earnings to keep the whole risk edifice afloat. The Aussie and Kiwi dollar advanced against the USD on RBA optimism and higher inflation levels in New Zealand. The Shanghai

The post Macro Afternoon appeared first on MacroBusiness.

Auckland house prices rebounded in June

July 17, 2018 - 13:30 -- Admin

By Leith van Onselen The REINZ has released its house price data for June, which revealed a 0.9% seasonally adjusted monthly rise in the national median house price, with prices also up 5.2% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 1.3% in June, with prices up 6.6% year-on-year. Looking at the major

The post Auckland house prices rebounded in June appeared first on MacroBusiness.

China has unleashed its property market

July 17, 2018 - 13:22 -- Admin

Hold your horses. The Chinese correction has a new entrant. June house prices are out today and there’s no disputing the emerging trend now. China has unleashed it property market as external pressures grow. June new house prices accelerated for the fourth straight month to a robust 1%: Tier one cities are still in check

The post China has unleashed its property market appeared first on MacroBusiness.

Sydney’s auction clearance rate to plunge into 30’s

July 17, 2018 - 13:00 -- Admin

By Leith van Onselen If you thought Sydney’s auction clearance rate was bad now, it’s going to get much worse in spring, according to SQM Research’s Louis Christopher, with annual price falls for Sydney “of at least 5%”: “It is going to be a very tough spring for sellers,” [Christopher] said. “Seasonally, we see more

The post Sydney’s auction clearance rate to plunge into 30’s appeared first on MacroBusiness.

Retail super funds’ decade of rorting revealed

July 17, 2018 - 12:00 -- Admin

By Leith van Onselen Audited performance data provided to the Australian Prudential Regulation Authority (APRA) has revealed that the biggest superannuation fund operated by each of Australia’s four major banks, along with the largest super funds operated by AMP and IOOF, yielded total average annual returns of 2.1% to 3.1% cent in the decade to

The post Retail super funds’ decade of rorting revealed appeared first on MacroBusiness.

Pages