Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

ANZ job ads, monthly inflation weaken further

November 5, 2018 - 11:45 -- Admin

There is no doubt about it, the Aussie jobs market is past its best and when it turns like this it tends to keep rolling:    On a seasonally adjusted basis, ANZ Australian Job Advertisements increased 0.2% in October following a fall of 0.7% in the prior month. On an annual basis, growth slowed

The post ANZ job ads, monthly inflation weaken further appeared first on MacroBusiness.

Property locusts buzz new negative gearing attack

November 5, 2018 - 11:30 -- Admin

By Leith van Onselen ABC’s The Business aired a segment Friday night on Labor’s negative gearing and capital gains tax (CGT) reforms, which featured several property parasites warning of a catastrophe if Labor’s policies are enacted. First, there was the Master Builders Australia (MBA) CEO claiming, yet again, that new home construction would be hit

The post Property locusts buzz new negative gearing attack appeared first on MacroBusiness.

Dan Andrews has set Victorians up for a Budget emergency

November 5, 2018 - 11:15 -- Admin

By Leith van Onselen Throughout the Victorian Labor Government’s term, we have witnessed outrageous pay claims from various quarters, including: a 14% pay rise over three years for Metro Train workers (including a 3% sign-on bonus), which took the average salary of train driver to $143,600 (plus superannuation) and a ticket inspector or station officer to

The post Dan Andrews has set Victorians up for a Budget emergency appeared first on MacroBusiness.

REIWA: Perth rents to boom! (lol)

November 5, 2018 - 11:00 -- Admin

By Leith van Onselen Ever the optimist, the Real Estate Institute of Western Australia (REIWA) has predicted a rental boom for Perth in 2019: PERTH’S rental vacancy rate has nearly halved in the past 15 months, putting landlords in line for a bumper 2019 and tenants in for a hip pocket hit. The city’s vacancy

The post REIWA: Perth rents to boom! (lol) appeared first on MacroBusiness.

Some taxes for the gas cartel!

November 5, 2018 - 10:45 -- Admin

A moderate victory over the gas cartel at Domainfax: Oil and gas giants will be hit with a $6 billion tax hike over the next decade following years of concern that Australia has been hemorrhaging lucrative revenue to multinationals. The decision was made after an 18-month wait for the Coalition’s response to a landmark review into

The post Some taxes for the gas cartel! appeared first on MacroBusiness.

KPMG: New infrastructure falling short of population ponzi

November 5, 2018 - 10:30 -- Admin

By Leith van Onselen KPMG has released alarming analysis showing that Australia’s infrastructure investment binge is failing to keep pace with the nation’s manic immigration-driven population growth, with 3.5% growth in public spending on infrastructure required just to cover depreciation and population growth: KPMG chief economist Brendan Rynne said just “to stand still” Australia needs

Baby Boomer ‘heartbreak’ as Chinese flee Chatswood

November 5, 2018 - 10:15 -- Admin

By Leith van Onselen In what reads like an article from The Onion, a Baby Boomer family who inherited a house from a deceased parent has been left “heartbroken” as the home was passed in at auction for a “too cheap” $1.7 million. From News.com.au: Just two bidders competed for the three-bedroom home on a

The post Baby Boomer ‘heartbreak’ as Chinese flee Chatswood appeared first on MacroBusiness.

CoreLogic: Despite price falls, housing affordability stinks

November 5, 2018 - 10:00 -- Admin

By Leith van Onselen CoreLogic’s Cameron Kusher has released research showing that Australian housing affordability remains stretched despite the recent decline in dwelling values: A -3.5% decline in national dwelling values from their peak to October 2018 means that values are now the lowest they’ve been since January 2017. Given this, if you’ve purchased a

The post CoreLogic: Despite price falls, housing affordability stinks appeared first on MacroBusiness.

As APRA sinks, Byres gets five more years

November 5, 2018 - 09:45 -- Admin

And here it is, Australia’s financial deep state in action. The Australian Prudential Regulatory Authority (APRA) has just allowed the greatest banking and housing bubble blow-off in the nation’s history, revealed in all of its hideous glory as deeply criminal banking, explicitly sheeted home to APRA failure by the Hayne Commission: “When misconduct was revealed,

The post As APRA sinks, Byres gets five more years appeared first on MacroBusiness.

Westpac result has RBA rate cut written all over it

November 5, 2018 - 09:30 -- Admin

WBC has just delivered the worst of the three bank results. Headline numbers met expectations (after Friday’s second profit warning!): But under the hood there is pressure all over. The second half saw EPS fall -10%: As net interest margins got creamed: Capital and loan losses are both good: But the problem is the cycle

The post Westpac result has RBA rate cut written all over it appeared first on MacroBusiness.

Pages