Unemployment rises to 5.6 per cent
After last month’s anomaly, the unemployment rate for March has increased to 5.6 per cent, up 0.2 per cent. While 36,100 jobs were lost, a falling participation rate helped soften the headline...
View ArticleClik here to view.
Renting vs buying – half right
Thursday morning I almost burn a hole in my shirt. I was ironing my daily attire when Steve Mickenbecker from Canstar joined Kochie on Sunrise to talk about if it is cheaper to rent than buy. Kochie...
View ArticleClik here to view.
Dr Nigel Stapledon on Australian Housing (ABC24)
ABC News 24 interviewed Dr Nigel Stapledon on the Australian Housing Market on Friday. The interview upload is courtesy of Macrobusiness. Dr Nigel Stapledon remarks, “Well Australia has been pretty...
View ArticleNegative gearing back in the limelight as investor losses mount to $13 billion
Among the backdrop of growing budget deficits, the government struggling to fund Gonski and the National Disability Insurance Scheme (NDIS), the Australian Taxation Office (ATO) yesterday released...
View ArticleClik here to view.
Lower than emergency lows
Treasurer Wayne Swan says it is “utterly irresponsible” to call today’s 25 basis point cut to the official cash rate as a cut to “emergency” levels. He is referring to the emergency low 3.00 per cent...
View ArticleIf you were Treasurer for a day ….
If you were the Treasurer announcing your budget tomorrow, what would you cut and why?
View ArticleGarnaut takes us behind the smoke and mirrors
On Tuesday night, Professor Ross Garnaut delivered a speech to Victoria University’s 2013 Vice-Chancellor’s Lecture and dinner, titled “Ending the great Australian complacency of the early twenty first...
View ArticleHome prices down sharply in the month of May
The month of May started with a 25 basis point cut in the official cash rate to 2.75 per cent, the lowest setting in 53 years. Real Estate experts were adamant this would put a pulse back in a...
View ArticleWage pressures all round
On Saturday, the Herald Sun reported the average W.A. job seeker has experienced a fifteen per cent fall in hourly rates from the same time last year. The average hourly rate is now $51.60 a hour, down...
View ArticleClik here to view.
PM appeals in vain to the shafted generation
Generation Y, Kev wants you on board. During Kevin Rudd’s comeback leadership victory speech he had a message for our young generation: Before I conclude, let me say a word or two to young Australians....
View ArticleClik here to view.
Voters want action on Housing affordability: News Limited
News Limited is generally considered to have a pro housing slant, but today it has printed a series of articles suggesting housing affordability is the top issue facing voters in this year’s election....
View ArticleClik here to view.
House prices hit record highs, Interest rates hit record lows.
ABS data released today show house prices in Australia has fully recovered, surpassing record highs last achieved in June 2010. The weighted average of the eight capital cites recorded a 2.4 per cent...
View ArticleRBNZ takes action to limit damage from housing bubble
New Zealand’s central bank appreciates the bigger the bubble, the bigger the bust. Today, it has taken action to curb potential damage from a bigger housing bust by restricting lending in the hope of...
View ArticleHousing bubble has RBA backed into the corner
If you can believe the real estate spruiker, emergency low interest rates have put a fire under Australia’s housing market. And as Australia already suffers the side effects of a large housing bubble...
View ArticleClik here to view.
Shit, Nigel Stapledon’s Real Home Price Index makes Main Stream Media!
I never thought I would see the day. In fact, in 2008 I joked with some Journalists on who was going to be the first to get Australia’s Real Home Price Index into a mainstream paper. None of us thought...
View ArticlePrime Minister Abbott endorses bigger housing bubble and shuns any leadership...
In an interview with Neil Mitchell’s 3AW on Friday, Prime Minister Abbott said “Don’t forget Neil that if housing prices go up, sure that makes it harder to get into the market, but it also means that...
View ArticleClik here to view.
Joe Hockey – No housing bubble, we are different!
Australia’s Treasurer, Joe Hockey, has been caught in an interview on CNBC in New York shamelessly spruiking the Australian Real Estate market. The interviewer asked Hockey, “Let’s talk about the...
View ArticleFund Manager can’t understand why people [Joe Hockey] feel the need to say a...
In our last post, we quoted Australia’s Treasurer, Joe Hockey when interviewed on CNBC in New York denying a bubble exists in Australia’s overheated property market. Last fortnight, The Australian...
View ArticleEveryone has a finger in the pie
Getting reforms in the public interest of all Australians can be difficult when vested interests have too much to lose. The Sydney Morning Herald has today reported on figures published by the NSW...
View ArticleClik here to view.
Housing affordability at decade high
Fund Manager Roger Montgomery featured on the ABC’s The Business last night to talk about the misleading Auction clearance rates being banded around the market at present. He says the Sydney 83.7%...
View Article
