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Articles from MacroBusiness

US student debt hinder home ownership

January 17, 2019 - 13:30 -- Admin

by Chris Becker The US Federal Reserve as an interesting report out (unlike the US government, Trump can’t shutdown the Fed! on the impact of student debt on new homeowner rates in the US. Salient because the Coalition wants the education cake and to eat it too. Last year the Senate passed the HECS/HELP adjustments

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New home finance continues fall

January 17, 2019 - 13:00 -- Admin

By Leith van Onselen Today’s housing finance data for November posted a 0.4% fall in the number of new home finance commitments (both construction and new), with commitments down by 12.3% over the year: The annual number of new home commitments is also falling fast: Looking at the state-by-state breakdown, which is presented below on

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Australian dollar poised to fall

January 17, 2019 - 12:48 -- Admin

by Chris Becker Last night the US Dollar index (DXY) was largely unchanged mainly due to the lack of any catalysts because of Trump’s shutdown. The much watched December US retail sales were postponed but both Aussie and Kiwi lost against King Dollar, down nearly 0.4% or so each. Midday in the Asian session, the

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Investor mortgage crash deepens

January 17, 2019 - 12:09 -- Admin

By Leith van Onselen Today’s housing finance data for November, released by the Australian Bureau of Statistics (ABS), posted more falls in both owner-occupied and investor finance commitments. According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell by 0.6% in November in seasonally adjusted terms and has fallen 10.0% over

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Gotti hits consumer panic button

January 17, 2019 - 11:40 -- Admin

By Leith van Onselen Amid the slump in consumer sentiment and the apparent tanking of retail sales over Christmas, Robert Gottliebsen (“Gotti”) has hit the panic button. From The Australian: In the years leading up to the second half of 2018 we went through a period where banks hosed money at people seeking a resident

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Mortgage rejections soar 400% as credit crunch bites

January 17, 2019 - 11:17 -- Admin

By Martin North, Principal Analyst at Digital Finance Analytics: The latest data from our surveys indicates that around 40% of loan applications for mortgages were rejected in December 2018, compared with 8% a year prior, though on significantly lower absolute volumes. Households often made multiple applications when seeking a loan. The volume of applications across

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MB Fund Podcast – Bonds Away! LIVE THURSDAY

January 17, 2019 - 11:06 -- Admin

This week’s LIVE webinar (12:30pm AEST, Thursday 17 Jan) – we explore the often overlooked world of BONDS. Join MB Fund’s Head of Investments Damien Klassen and Tim Fuller as we look at: – What are bonds and the different types available – How they should be classified and how to use them effectively –

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NZ housing sales plumb seven year lows

January 17, 2019 - 11:00 -- Admin

By Leith van Onselen The REINZ has released its house price data for December, which revealed a 2.9% seasonally adjusted fall in the national median house price, with prices up just 1.7% year-on-year: Outside of Auckland, seasonally adjusted house prices fell by 1.1% in December, with prices up 6.5% year-on-year. Looking at the major cities,

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Population ponzi means Australia can’t meet emissions targets

January 17, 2019 - 10:30 -- Admin

By Leith van Onselen The impossibility of Australia meeting its emissions target has been laid bare by lecturers at Deakin University. From The Conversation: In signing the Paris Climate Agreement, the Australian government committed to a global goal of zero net emissions by 2050. Australia’s promised reductions to 2030, on a per person and emissions

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Housing bust spreads across global markets

January 17, 2019 - 10:00 -- Admin

By Leith van Onselen From Bloomie comes analysis on how a synchronised housing bust is developing across global cities once considered ‘safe havens’: In Manhattan, the median condo price dipped below $1 million for the first time in three years. Hong Kong home values endured their longest losing streak since 2008, while prices in outer London neighborhoods fell for the first

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