Category: Social Trends

FINAL REMINDER: DFA Live Q&A Robbie Barwick: The Great Super Con 8pm Sydney Tonight

Join us for a live discussion about the current state of Superannuation, and the financial system. Who is it working for? You can ask a question live.

Federal Treasurer Jim Chalmers has told the annual Superannuation Lending Roundtable that he believes that Australia’s $3.4 trillion superannuation sector should play a bigger role in building the nation. He said that with governments heavily laden with debt, energy and housing are two obvious areas that super funds should look to invest.

Former prime minister Paul Keating was also at the event, and called for super funds to look at ways of facilitating access to housing.

From The AFR:

“We see trillions of dollars in workers’ capital, we see government budgets heaving with debt, and there are obvious needs for investment, particularly in areas like housing and energy,” Dr Chalmers told the annual Superannuation Lending Roundtable…

Dr Chalmers pointed to a lack of spending in the aged care sector and said he would “contemplate what, if any, further role for super there is in that”…

“This is a society that can’t house its own children,” Mr Keating said. “If super funds just think they can go buy tech stocks in America and highways in Italy, they’re going to run into trouble. Without being heavy-handed, there is a requirement of the funds to look at social opportunities.”

https://www.macrobusiness.com.au/2022/08/superannuation-is-not-play-money-for-the-labor-party/

Robert Barwick is the Research Director – Australian Citizens Party.

Go to the Walk The World Universe at https://walktheworld.com.au/

Operation Anti Spruik In The Illawarra!

Property in the Illawarra, south of Sydney saw a significant run up in prices through COVID. However, prices are now potentially on the slide as illustrated by recent examples from the listings sites. We discuss some examples, courtesy of research by Cookie Boy, and add in data from our core models to show how mortgage stress is playing into this. We also reveal our latest scenarios at a post code level.

Go to the Walk The World Universe at https://walktheworld.com.au/

The Economy Is Broken: Long Live The Phillips Curve! With Tarric Brooker…

My latest chat with Tarric Brooker, @AvidCommentator on Twitter.

His charts are available at: https://avidcom.substack.com/p/charts-that-matter-19th-august-2022

Go to the Walk The World Universe at https://walktheworld.com.au/

Growing Mortgage Pain Has Consequences As Forced Sales Rise…

We look at the issue of forced sales, as mortgage rates, plus refinancing strategies, and risks. The number of mortgagee sales is rising, according to recent data, but is this the full story?

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.

More Employment And Wages Number Wanging

We had new data from the ABS today on employment and wages growth, the latter so far off what the RBA was projecting and to nearly be funny. But the trends are telling a very different story. Tell me again why we really need to lift inward migration?

Go to the Walk The World Universe at https://walktheworld.com.au/

Australia’s World Economic Forum Secret Agent?

What has become of our country?

We have learnt that Australia for the past two years have had a secret government behind our backs and even behind the backs of the Ministers of the Crown. Adams was beyond gobsmacked to learn that Scott Morrison had secretly appointed himself the Minister in 5 portfolios behind the backs of his ministers including the Ministry of Health; Ministry of Finance; Ministry of industry; and Ministry of Resources.

This was somehow done without the Governor-General in some cases and in other cases with the Governor-General! The Governor-General participated in a conspiracy of appointing ministers in secret without evening informing the substantive ministers or the Palace!

It is essential that Australians remember that we have a dual constitutional system: A written constitution (influence from America); and Convention (influence from Britain). Convention is an essential part of how our parliamentary system actually works.

Parliamentary practice has been developed over the course of centuries and people have literally died and gone to civil war to develop our conventions and to ensure that the rights of Parliament and the Parliamentary system remains intact.

Between the Governor-General, Morrison, Porter and some official inside the Department of the Prime Minister and Cabinet, Parliament, conventions and have been trashed.

Yippee – Here Comes Immigration To Save The Property Market!

We all know interest rates are rising, and this is having a significant impact on mortgage underwriting, and so home prices and listing are rising.

But never fear, as the Government has a plan to save the market. Because now we know Labor will use the upcoming Jobs & Skills Summit as cover to launch Australia’s biggest ever immigration program.

So in today’s show we look at what they say, and also discuss the latest negative indicators on listings and auction clearances.

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.

Australians must fight in the new Orwellian Horror!

This week Australia’s living God made international headlines by declaring a research project into crypto currencies.

The Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a central bank digital currency (CBDC) in Australia.

https://www.rba.gov.au/media-releases/2022/mr-22-23.html

The RBA announce coincides with the announcement by the Senate Select Committee on Australia as a Technology and Financial Centre.

Australians need to ensure that the RBA and the Federal Parliament does not impose totalitarian control through the Central Bank Digital Currency. Australia is headed down a path with little democratic consent and there is a lot of uncertainty were public policy is going in Australia.

There is a possibility that CBDCs will improve economic life in Australia, but there is also a possibility that it may not. The RBA cannot be allowed to alter economic life in Australia without a democratic mandate.

The Prime Minister and Treasurer need to explain why CBDCs are being developed in Australia and what is the public policy case.

The Australian people must ensure that physical cash is never eliminated and that freedom and privacy remains the corner stone of Australia’s payment system and economic life.

Go to the Walk The World Universe at https://walktheworld.com.au/

Another Dose Of Anti Spruik!

Thanks to Cookie Boy, we look at more price cuts on listed property across the country.

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.

FINAL REMINDER: DFA Live Q&A 8pm Sydney: Property Now with Veronica Morgan

Join us for a live discussion about the current state of property with Veronica Morgan. You can ask a question live.

Veronica Morgan is principal of Good Deeds Property Buyers and co-host of Location Location Location Australia & Relocation Relocation Australia on the Lifestyle Channel. She also co-hosts The Elephant In The Room Podcast, and First Time Buyers Academy. https://veronicamorgan.com.au/

Go to the Walk The World Universe at https://walktheworld.com.au/