Australia If the Next 25 Years are like the last 25 The Descent from the RE Peak Sydney & Melbourne, Prices and Time on Market Sydney Auction Clearance Rates Mortgage Rates Regional Australia Proportional
Australia Major City House Values over last 25 years House Price growth – Major Cities Population Increase and Dwelling Investment Population Growth Net Overseas Migration by Visa – From July 5 Presentation made in Wollongong by Alexandra Heath
From AMP: We are managing our portfolio in a very active market and our decisions on rates are never taken lightly. We have held off passing this cost on to customers for as long as we can and in fact have not increased interest rates for existing customers since June last year. With any change,
Here it is: The Australian Government should operate a program under which it will enter into low fixedprice (for example, $45–$50/MWh) energy offtake agreements for the later years (say 6–15) of appropriate new generation projects which meet certain criteria. In doing so, project developers will be able to secure debt finance for projects where they
From the boys at LF Economics: So yesterday APRA came out and said that if unemployment rose to 11%, House prices fell by 35%, and the Chinese economy tanked, that the Australian banking system would be able to withstand the economic stresses associated with this type of economic destruction. So let’s use a bit of
Iron ore prices for July 11, 2018: Tianjin benchmark fell 50 cents to $62.70. Paper was bid overnight. Steel firm yesterday. CISA late June steel output eased 1.8% to 1.955mt. It should approach last year’s levels more and more as the artificial lift from illegal mills shifting to legal washes through the data. The bulks
Forgot to post this earlier but I’ll just leave it here. In 1990 I lived in London and enjoyed the World Cup first hand as the Poms made the semi-final versus Germany. When Chris Waddle hit the post in extra time I nearly ruptured my melon on the ceiling fan in the local pub. Then
Via APRA: Wayne Byres, Chairman – the Australian Business Economists (ABE), Sydney I would like to start by thanking the Australian Business Economists for the invitation to be part of today’s event. On 1 July, APRA turned 20. Two decades of prudential regulation have required APRA to tackle all manner of issues, but a constant
Soc Gen says brace for more: The temptation (primarily for the US but for trading partners as well) is to keep ramping up measures to convince the other side that they are serious about staying the course. Tariffs can be rolled back quickly when an agreement is reached. Because the long-term consequences are likely to be
From UBS: Trade tensions and deleveraging take a toll on performance Since the 15 June announcement of tariffs between the US and China, MSCI China and CSI 300 indexes lost 7% and 9%, respectively. The selloff is broad-based and reflects market concern about the longer term impact at the macro level. Prior to this, MSCI
And markets are listening. The AUD is copping it: Bonds are bid: XJO is down solidly: CNY is getting smashed: Shanghai is all red: Copper is mashed: Iron ore and coking coal too: Big Iron is dumped: And Big Gas: Gold is mixed: Big Mortgage down sharply: Big Realty is a big yawn: I
By Leith van Onselen Last month, bike sharing company, oBikes, announced that it would leave Melbourne following the Victorian Government’s crack-down on the company, which classified abandoned bikes as litter and potentially liable for $3,000 fines. Now bike sharing companies, Reddy Go and Ofo, have announced that they will exit Sydney. From SBS News: Two
By Leith van Onselen This site has frequently questioned the merits around the explosion of Australia’s financial economy, claiming it has bled the productive economy dry: Today, Ross Gittins has joined the fray: Productivity isn’t improving as fast it could be partly because of the increasing number of our brightest and best devoting their efforts
Australia Australian Gas Australia Money Growth & Credit Australia Building Approvals Australia Dwelling Price to Household Income & Interest Rates Australia Temporary Migrants Australia Underemployment & Wages Victoria Real Compensation per Employee
As the traders on Wall Street return to their yachts for a night of fireworks, their customers are left with a dour prospect on the return of the bears, as Asian markets continue to selloff. Combined with the US unemployment print on Friday, the mood is seeing USD weakening against the majors with gold rallying
Via S&P: Australian home loan arrears fell in April. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages decreased to 1.36% in April from 1.37% in March, according to a recent report by S&P Global Ratings. The SPIN for nonconforming mortgages fell to a record low for April of 3.86% from 4.19% the
Australia Australian dollar and yield differential RBA and US Federal Reserve BBSW 2018 Australian Short Term Funding 2017 onwards Funding Costs (BBSW) and Mortgage Rates Australian interest rate hikes – potential implications for $500k mortgage Australian Household
Vertigo, 1986, Magda Matweijew, National Gallery of Victoria Macro & Markets Trade and investment between China and the US must be based on reciprocity – SCMP EU cuts migration deal after marathon talks, differences remain – Reuters Global market power and its macroeconomic implications – VoxEU Dollar Squeeze Coming? Watch Asia’s Politicians – Bloomberg
Socceroos are gone. But Goldman’s quant model now has hope for the Poms: For England fans who might find themselves daring to dream, our updated model predictions might constitute a beacon of hope. We continue to predict that Belgium will top Group G, ahead of England, using the unrounded goal difference as the tie-breaker on
Australia The in the pocket impact of Pauline’s sellout tax cuts (…..and the payoff is?) Total Housing Finance & House Prices (and if the banks are lending less then….) March Quarter Residential Property Sydney 6x DTI Australian Mortgage Payments as percentage of household income
All night joint, Frank Andrew, 1946, Art Gallery of NSW I will load more later but I need to run kids around first – G Global Macro, Markets & Investing Trump announces $50bn in China tariffs, escalating possibility of trade war – Guardian Here’s How a Trade War Between the U.S. and China Could
Australia Australia – change in 20% deposit for median priced dwelling, major cities 2008-2018 Australian mortgage rates Australia – Credit impulse and house prices (1) Australian lending growth and house prices (2) Housing Finance, Annual Growth – Owner occupiers Housing Finance, Annual Growth – specufestors
By Leith van Onselen Bike sharing company oBikes has announced that it will leave Melbourne following the Victorian Government’s crack-down on the company, which classified abandoned bikes as litter and potentially liable for $3,000 fines. From The ABC: …oBike announced it would abandon its problematic local hire scheme. …the distinctive yellow bicycles quickly caused headaches
By Leith van Onselen Yesterday at Senate Estimates it was revealed that Australia’s permanent migrant intake could be 25,000 lower than last year on the back of fewer skilled and sponsored working visas. From The Guardian: Australia’s migration program has been at 190,000 since 2012-13, but dropped to 183,000 last financial year and will fall further
Australia Australia – selected growth metrics Australia – retail sales Australian Trade Balance Company Earnings & Wages Non farm compensation Effect of Governments personal tax cuts over time Effect of Governments personal tax cuts over time 2 Sydney – Melbourne Auction Clearances Distribution of Melbourne house sales
Australia Australia – temporary visas Declines in 457 visa numbers Australian National Minimum Wage Increases Australia – Average and Median Incomes Australia – Capex Australia – Capex by State Australia – changes in dwelling values Australia – share of dwellings by price growth Australia – Sydney
Via the AFR: Researchers at Deakin University scored the fast food chains according to their nutrition policies, including marketing to children, disclosure of nutritional information and plans to reduce sugar and saturated fat.
Australia Australian Housing – Where headed 1 Australian Housing – Where headed 2 Melbourne and Sydney Auction Clearance rates Australia – House prices and the RBA Australian Consumer Confidence Budget Tax exemption vehicles Australia – International Student Visas Australia Productivity & Income Australia – Public Sector Construction
Via Creamers: Brazilian miner Vale expects iron-ore output at its premier S11D mine to reach 58-million tonnes this year, above an official forecast of 50-million to 55-million tonnes, a person familiar with the matter said. The expected increase is due mainly to selling more “canga,” or iron-ore with a higher grade of contaminants – along
If you want an example of why the world’s rich are in deep trouble then look no further that today’s repulsive AFR Rich List write-up: It is Saturday night in late April at the luxurious Mar-a-Lago resort in the billionaires’ playground of West Palm Beach, Florida. Inside the dining room – a faithful replica of
