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Loan-to-income sky high in NSW

March 26, 2015 - 13:00 -- Admin

By Martin North, cross-posted from the Digital Finance Analytics Blog: We have now finished updating the DFA market model, to take account of the latest DFA survey data, and market data. So we can look across specific households, segments and locations. Specifically we have been looking at average loan to income (LTI – income after […]

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Unions challenge overseas-sourced offshore labour

March 26, 2015 - 12:09 -- Admin

By Leith van Onselen The Maritime Union of Australia and the Australian Maritime Officers Union has launched legal action in the Federal Court to have the hundreds of foreign workers employed in offshore projects declared illegal. From The Canberra Times: [The Union] has argued a Ministerial Determination used by the Assistant Minister for Immigration and […]

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CS proposes east coast gas bailout

March 26, 2015 - 10:35 -- Admin

From Credit Suisse: Market is short; in absence of a supply response, demand to do the balancing: the east-coast gas market is short more than 200PJ of supply to meet current domestic demand plus required third party supply to the LNG projects. Undeveloped 2P reserves exist, but a 24-30 month development timeframe suggests that, in the short term, demand […]

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Forrest defends his cartel

March 26, 2015 - 09:58 -- Admin

A nice scoop for Matthew Stevens at the AFR speaking with Andrew Forrest: “I just put the very simple argument that when we flagged our expansions in 2009-10, we were in a rising market and we spent the capital we did into that rising market. But the pursuit of market share and overall revenues has people […]

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7.30 Report does Big Australia

March 26, 2015 - 08:12 -- Admin

By Leith van Onselen With Australia’s population set to hit 24 million this year, ABC’s 7.30 Report last night tackled the “Big Australia” debate. The program featured interviews with The Australia Institute’s (TAI) Richard Denniss and KPMG’s population ‘demographer’ Bernard Salt (amongst others). Bernard Salt noted that he has been quite shocked at the pace […]

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