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.
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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.
Chaos City – The Property Imperative Weekly 3rd August 2019 [Podcast]
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.
Auction Results 3rd August 2019
Domain has released their preliminary results for today. Same old story higher clearance rates, but on lower volumes than a year ago. 892 listed this week, compares with 1,155, with 642 reported, compared with 950 last year. Adelaide listed 46 auctions, reported 27 and sold 14 with 3 withdrawn and 13 passed in to give … Continue reading “Auction Results 3rd August 2019”
Chaos City – The Property Imperative Weekly 3rd August 2019
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour. Table of Contents: US Market 1:32 Apple 5:22 China 7:50 Europe 11:40 UK 14:38 Australian Section: 16:42 Cash Ban 16:50 Retail Recession 18:17 CPI 19:54 Flat Income Growth 20:45 Credit Impulse Slows 21:30 Property Prices and Sales 24:40 Local … Continue reading “Chaos City – The Property Imperative Weekly 3rd August 2019”
The Real Issues Behind The Cash Ban
I discuss the draft legislation which was released last Friday, after hours, by Treasury, and consider the implications, with Robbie Barwick from the CEC. IOTP show: CEC Show with Helen Edwards: Treasury Document: Email: blackeconomy@treasury.gov.au with the subject line: Submission: Exposure Draft—Currency (Restrictions on the Use of Cash) Bill 2019 https://cecaust.com.au/stop-bail-in-petition
Is Retail In Recession?
Woolworths Holdings announced yesterday it will book an impairment of $437.4 million against David Jones, reducing the valuation of the department chain to about $965 million. This write down is the second since 2018. Woolworths Holdings bought the prestigious network of stores in 2014 for $2.1 billion. A Woolworths spokeswoman said This writedown reflects sustained … Continue reading “Is Retail In Recession?”
The Real Issues Behind The Cash Ban [Podcast]
Last Friday the Treasury released a draft bill which would ban cash transactions above $10,000. But I discuss the real story, with the CEC‘s Robbie Barwick. It has more to do with negative interest rates than may first appear. IOTP Show IMF Treasury Summary On Cash Ban Email: blackeconomy@treasury.gov.au with the subject line: Submission: Exposure … Continue reading “The Real Issues Behind The Cash Ban [Podcast]”
Rising Household Debt May Weigh on Medium-Term Chinese Growth
Chinese household debt has continued to rise rapidly, reaching 85% of disposable income at end-2018, Fitch Ratings says in a report published today. Rising debt servicing costs do not pose near-term risks to financial stability, but will weigh on economic growth in the medium term and this is reflected in our latest GDP forecasts. Chinese … Continue reading “Rising Household Debt May Weigh on Medium-Term Chinese Growth”
Government expands financial services inquiry
The Coalition government has expanded the inquiry into the financial services sector and the Royal Commission implementation. From InvestorDaily Treasurer Josh Frydenberg has asked the House of Representatives Standing Committee on Economics to inquire into progress made by financial institutions in implementing the recommendations of the Hayne Royal Commission. Ten recommendations were made by Commissioner … Continue reading “Government expands financial services inquiry”