Lies, Statistics And The “Facts” About Foreign Students And Rents…

If you want a case study of how data is used to mislead, rather than help define a problem, then look no further than the recent stoush surrounding foreign students and their impact on the housing crisis. We have as you know seen a massive upswing in migration to Australia, after the drought through the … Continue reading “Lies, Statistics And The “Facts” About Foreign Students And Rents…”

Australians paying millions too much for foreign currency services

Australian consumers are paying too much for foreign currency conversion (FX) services because of confusing pricing and a lack of robust competition, a new ACCC report has found. The final report of the ACCC’s Foreign Currency Conversion Services Inquiry highlights important competition and consumer issues affecting individuals and small businesses who use international money transfers … Continue reading “Australians paying millions too much for foreign currency services”

Where Has All The Foreign Money Gone?

Property expert Joe Wilkes and I look at falling sales as foreign property buyer exit. The liquidity fallout will be huge, and its happening in many countries. One reason to be cautious on property.

Australia’s net foreign debt liability position increased $12.6 billion to $1,044 billion In Sept 2018

All the talk today will be about the reduction in the current account deficit thanks to increased goods and services exports as shown in the ABS release to Sept 2018. International trade is expected to contribute 0.4 percentage points to growth in the September quarter 2018 Gross Domestic Product. But the real story should be … Continue reading “Australia’s net foreign debt liability position increased $12.6 billion to $1,044 billion In Sept 2018”

Australia’s foreign real estate investment boom looks to be over

From The Conversation. Australia’s Foreign Investment Review Board (FIRB) reported this week that foreign residential real estate approvals dropped significantly in the 2016-17 period. Whereas 2015-16 saw 40,149 approvals granted, totalling A$72.4 billion, the figure for the following year was just 13,198 approvals, totalling A$25.2 billion. On these numbers, the foreign property investment boom looks … Continue reading “Australia’s foreign real estate investment boom looks to be over”