Evergrande shares plunged on Thursday after saying it scrapped talks to offload a stake in its property-management arm and that real estate sales slumped during a peak home-buying season, worsening its liquidity crisis.
China Evergrande Group scrapped talks to offload a stake in its property-management arm and said real estate sales plunged about 97% during peak home-buying season, worsening its liquidity crisis on the eve of a dollar-bond deadline that could tip the company into default.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today we look at the latest from New Zealand which is we think a likely leading indicator of what is ahead more widely.
ANZ New Zealand just released a report called More work for the OCR to do. They say, “we have changed our OCR call, adding in 25bp hikes in the April and July Monetary Policy Reviews, in addition to the hikes we were already forecasting at the next four MPSs. This new track sees the OCR reach 2% in August 2022”.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
Join us for a live Q&A as I discuss the latest from the property market with Veronica Morgan, the Founder and Principal of Good Deeds Property Buyers.
We will be discussing the role of Buyers Agent, and some of the tips and traps related to using them, as well as a broader discussion about the property sector.
Veronica is also the co-host of the popular series Location Location Location Australia and Relocation Relocation Australia with Bryce Holdaway on Foxtel’s The Lifestyle Channel Australia. Veronica also co-hosts the Your First Home Buyer Guide podcast & The Elephant in the Room property podcast, which investigates who is really in control when you buy property. She’s also co-founded Home Buyer Academy, which provides online support for first home buyers so they can get onto the property ladder without making costly mistakes. https://gooddeeds.com.au/veronica-morgan-good-deeds-team/
My latest Monday chat with our Property Insider Edwin Almeida, in which we look at the latest listings numbers, consider the drive for immigration uplifts and explore the criminal underbelly in the property sector. Plus, Edwin’s tip is one for property investors everywhere!
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we look at big changes to mortgage rates from the biggest Australian lender, CBA, mortgage delinquency expectations, and the strength of the economic rebound as Sydney and later Melbourne reopen.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Our property market is littered with failed legislation to guard against money laundering, despite promises from Government. No surprise perhaps, but that is not the point!
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest in my Friday afternoon discussions with Journalist Tarric Brooker, who shares some of his recent research and slides on the economy, Evergrande, US Households, and much else besides. Things are getting really interesting – especially the vexed question of inflation, stagflation or deflation.
Tarric is @AvidCommentator on Twitter.
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we look at the latest from the markets, as investors balance better-than-expected corporate earnings against the inflation risks that continue to plague the global economy. Energy prices continue higher, adding more pressure, while the latest from China suggests the Central Bank there has no intention of rescuing Evergrande for now, as the property sector contagion continues.
CONTENTS
0:00 Start 00:18 Introduction 00:55 US Markets 03:08 Retail Sales Up 04:00 Treasury Yields 04:45 Energy Shortages 06:00 Gold Bull Doomed? 08:30 European Stocks 10:10 Asia Markets 10:30 China Credit Down 11:50 Distressed Bonds 12:30 Most Tragic Household 12:50 Evergrande Risks 19:35 China ETFs 20:25 Australian Market 24:20 Bitcoin and US Patriotism 29:30 Summary and Outro
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from our Property Insider. Real Estate Agents becoming cops? Listing set to rise? 40% defective units, and how to grow long carrots. https://www.ribbonproperty.com.au/
Around 4,000 people die each year from Asbestos related disease, including around 800 from mesothelioma, perhaps the most vile of the cancers. The asbestos ban in 2003 in Australia was ‘a significant victory for the trade union movement’ … [but] ‘unfortunately represented a story of the lack of political will by governments at Federal and State levels to act in the health interests of their community.’
Our survey of more than 43,000 Australian households found that knowledge about the following basic facts is very poor:
The level of exposure to asbestos that is dangerous.
The period of exposure to asbestos that is dangerous.
The deadliness of exposure to asbestos.4. The annual death count from asbestos-related diseases in Australia.
Most Australian households have not been properly warned about the risks and impacts of legacy asbestos, do not know that their lives are at stake, and are not using licensed asbestos professionals. Further, most Australians readily exclude themselves from any of the ‘at risk” categories and most think the death count from asbestos-related diseases each year is below 50.
Overall, the survey findings are consistent with inadequate public information, education, and warnings in Australia on asbestos threats and consequences.
Our broader research points to longstanding key messages that have been promulgated by James Hardie Industries Ltd “James Hardie”, CSR Ltd “CSR”, and the federal and state governments in Australia to downplay the risks of asbestos exposure outside of workplaces and to mask the scale of deaths from asbestos-related diseases.
Messages that are commonly portrayed within official and public health sources in Australia include the following:Half Truths or Misconceptions:
Instances of mesothelioma and other asbestos-related illnesses are rare and have peaked.
The numbers of historical deaths from asbestos-related diseases are uncertain.
Public health messaging on asbestos risks should be disseminated on a limited basis, so as not to scare the community.
Current cases of asbestos-related disease result from historical settings that no longer exist today.
The risks of asbestos-related diseases are largely confined to working-class older men.
Asbestos-related diseases require (or usually involve) intense exposure over long periods.
The risks of asbestos-related diseases are largely confined to people with occupational exposure to asbestos.
Much of the exposure of the Australian population to asbestos (and the comparative incidental exposure levels used in scientific modelling) is caused by naturally occurring asbestos.
Legacy asbestos products that are bonded or encased are safe and best left in position.
It is safer to “manage” than to remove in situ asbestos.
In this show, Asbestos Awareness Australia discusses the first eight of the above messages.
The last two claims are more complex and will be debated in a future one. We ultimately categorise these messages as misconceptions or half-truths because they are incomplete and misleading when not conveyed with proper context.
And ask yourself, why are these misconceptions are still commonly used?
Public and unequivocal acknowledgement by the industry and the federal and state governments of the continuing risks of legacy asbestos in homes, and the associated deaths arising from exposure to asbestos outside of workplace settings, would have serious repercussions. Such public recognition of the asbestos crisis would bring asbestos concerns to the forefront of the public mind.
Asbestos Awareness Australia Ltd is a registered not-for-profit company limited by guarantee, is a registered charity, and has endorsement from the Australian Taxation Office as a gift deductible recipient. The company was set up:
To enhance public awareness and knowledge of the dangers of asbestos threats.
To promote measures and policies that prevent or minimise the harms from asbestos-related diseases.
To achieve these objectives, the company provides public access to widely sourced information on asbestos risks and impacts, including the associated medical, legal, and political debates.
