Links 8 August 2017

Global Macro / Markets / Investing:

Americas:

Europe:

Asia:

Trans-Tasman:

 

Comments

  1. Watched the ABC show last night on waste and recycling and again another industry on the take with the EPA and councils complicit and or corrupt in their lack of regulation . The Gosford council look to have been dumping illegally near the hawksbry river for decades. Intimidation and stand over tactics rife so as to protect these businesses (criminals) nice little earn “again” at the expense to the tax payer! Now I know why they recycle paper because they can’t keep up with brown paper bag supply. Australia l don’t want to ride this bus anymore let me off. (End of rant)

  2. New Zealand Prime Minister Bill English talking rubbish about Auckland housing and construction performance … …

    Steadier path to later & higher Auckland house building peak could be better for first home buyers, construction industry and high school leavers looking to enter the trades, PM English says | interest.co.nz

    http://www.interest.co.nz/news/89189/steadier-path-later-higher-auckland-house-building-peak-could-be-better-first-home-buyers

    A steadier route to a later peak for Auckland house building might bring benefits both for the construction industry and first home buyers, Prime Minister Bill English says.

    Responding to the latest MBIE National Construction Pipeline Report, English, like Building and Construction Minister Nick Smith on Sunday, trumpeted projections for nationwide house building over the next few years. … view and read more via hyperlink above …

    … and earlier with Kim Hill on radio …

    … No wonder Prime Minister English is in despair …

    VIDEO: Bill English on affordable housing in Auckland | Radio New Zealand News

    http://www.radionz.co.nz/news/political/334786/video-bill-english-on-affordable-housing-in-auckland
    .
    .
    AN OUTSIDERS ASSESSMENT OF CONSTRUCTION PERFORMANCE … FROM WHALE OIL …

    ‘Get the land price wrong … everything else is wrong’ … an old developers saying. It’s going to take decades to unwind our way out of this political and bureaucratic mess … something I have been ‘excruciatingly’ clear about … well for decades … check out http://www.PerformanceUrbanPlanning.org

    … This guy from Europe is right …

    Christchurch and Kiwis through the eyes of a migrant (tradesman) from Europe … Whale Oil Beef Hooked … h/t PH …

    https://www.whaleoil.co.nz/2017/08/christchurch-kiwis-eyes-migrant-europe/

    This migrant’s story was first published on Reddit May this year. A builder by trade he said he migrated to escape the “rat race” but he was not impressed by what he sees as New Zealand’s low standards and his perception of Kiwis was that we are lazy and have a ” she’ll be right” attitude. … read more via hyperlink above …

      • New Zealand housing: The buyers and bankers strike … bye bye bubble …

        Sales rate of just over a third at Barfoot & Thompson’s latest auctions, with auction numbers remaining low | interest.co.nz

        http://www.interest.co.nz/property/89181/sales-rate-just-over-third-barfoot-thompsons-latest-auctions-auction-numbers

        Barfoot & Thompson sold just over a third of their auction properties last week.

        Auckland’s largest real estate agency marketed 94 homes for sale by auction last week and had sold 34 of them unconditionally by 5pm the day after their auctions, with most of the rest being passed in for sale by negotiation and a small number that were either withdrawn from sale or had their auction dates postponed.

        That gave an overall sales clearance rate of 36% for the week (see table below).

        The highest clearance rate of 75% was achieved for properties auctioned on site, although the numbers were small with just four auctioned that way.

        There were no sales at a couple of the smaller auctions. … read more via hyperlink above …

      • Toronto update …

        There’s ‘genuine fear’ in a housing market on the other side of the world often compared to Sydney | Business Insider

        https://www.businessinsider.com.au/a-crackdown-on-foreign-investment-has-raised-genuine-fear-in-torontos-housing-market-2017-8?r=US&IR=T

        The red-hot housing market in Toronto, Canada has come to a screaming halt since regulators introduced a levy on foreign buyers. … read more via hyperlink above …

        http://www.greaterfool.ca/

        Garth Turner of Canada’s Greater Fool blog wrote back May …

        http://www.greaterfool.ca/2017/05/01/mayday-2/

        … extract …

        … That’s the funny thing about bubbles. Everybody’s horny to get their hands on rising assets – until they’re not. It always happens fast, whatever the asset and no matter the trigger. Greed is a powerful emotion, but it wilts before the dominance of fear. If enough people fear houses will stop rising (prices don’t even need to decline), they’ll cease making the Herculean sacrifice required to buy one. And down she goes. … read more via hyperlink above …

    • step 2
      property developers desert the gold coast.
      5 billion pulled in less than 2 weeks (not a good look for the comm games)
      the transition from the mining boom is sure on track???

  3. I am on an island on the Mekong river, Laos. Better internet quality here compared with NSW mid north coast.