By Leith van Onselen New research from Roy Morgan has assessed the number of Australian mortgage holders who are in “mortgage stress”, using a formula that takes into account household income, costs, and mortgage repayments. The research shows that 20.8% (949,000) of mortgage holders were “At Risk” in the three months to August 2018, although
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I don’t usually report the weekly given the volatility but such a large break is significant: Consumer sentiment plunges ANZ-Roy Morgan Australian Consumer Confidence plunged 6% last week, closing just below its long term average and at its lowest level for more than a year. All components of the survey fell sharply. Households’
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By Leith van Onselen The lack of planning and foresight to cope with the never-ending population (immigration) deluge into Australia’s big cities never ceases to amaze. After a conga-line of reports about overcrowding across roads, public transport, schools and hospitals, now we hear that Melbourne is running well short of sporting grounds: Opposition Leader Matthew
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By Leith van Onselen Stephen Howes – Director, Development Policy Centre, Crawford School of Public Policy, Australian National University – has lambasted a federal government proposal to make it easier to get more backpackers working on farms, noting that exploitation is already rife. From The Conversation: Backpackers who have had a visa for one year
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It’s the crash that keeps on giving: Lol. Much more pain ahead for these:
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The SinoAmerican Cold War took a startling turn yesterday. The big news of the day, disguised by the Wentworth fog, was that China has declared an explicit “Shanghai put”, a free buy on the Chinese stock market, backed by the God King himself, via Bloomie: President Xi Jinping vowed “unwavering” support for non-state firms over
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Core Logic weekly indices are always good fun. The leading mortgage index is still soft though not dire: The leading listings index is rapidly taking a moonshot. We’ll be approaching 2012 levels before Xmas: Auction clearances in Sydney and Melbourne are more uniformly weak now: The satellite centres appear to rolling over now as weakness
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Iron ore prices for October 22, 2018: Spot rocket. Steel rocket. And why not. Yesterday Xi Jinping issued his “whatever it takes” moment via Bloomie: President Xi Jinping vowed “unwavering” support for non-state firms over the weekend, the country’s stock exchanges committed to help manage share-pledge risks, and the government released a plan to cut personal
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Yesterday we saw China’s “whatever it takes” moment, via Bloomie: President Xi Jinping vowed “unwavering” support for non-state firms over the weekend, the country’s stock exchanges committed to help manage share-pledge risks, and the government released a plan to cut personal income taxes. That follows a rare coordinated effort from top financial officials on Friday to
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By Chris Becker US markets set the mood overnight, one of nerves and risk aversion with the S&P500 retracing back to a two weekly low, while the USD gained against all the major currencies. Treasury yields remain elevated, but largely unchanged, while the chance of another Fed rate hike in December rose again overnight. Oil
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