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Senator Scott Ludlam destroys negative gearing myths

June 17, 2015 - 09:31 -- Admin

By Leith van Onselen Senator Scott Ludlam from The Greens expertly debunked the Abbott Government’s lies that quarantining negative gearing, so that losses on both houses and shares could no longer be claimed against unrelated wage/salary earnings, would push-up rents, saying the following during yesterday’s debate on housing affordability in the Senate [my emphasis]: A

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PIMCO raises the alarm on Australian household debt

June 17, 2015 - 08:58 -- Admin

PIMCO, the world’s biggest bond manager, has released a new report looking at Australian household debt, which raises the alarm bells and joins the chorus of commentators calling for stronger macro-prudential controls on mortgage lending: …common metrics of household leverage and house price valuations remain elevated in Australia, particularly compared with those in other developed

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Why your living standards will fall

June 17, 2015 - 08:20 -- Admin

By Leith van Onselen It’s amazing watching the mainstream slowly converge with MB’s long-held views on the Australian economy. After arguing for years that Australians are facing falling living standards as the terms-of-trade retreats from record highs, this realisation is slowly dawning on the body politic. The latest incarnation comes from Victoria University’s Center of

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Daily iron ore price update (India circles)

June 17, 2015 - 07:51 -- Admin

by Chris Becker Time to get out those erasers at Treasury offices around State and Federal capitals again as the iron ore complex returns to its downwards march. Overnight saw a 2% slump in spot prices with 12 month swaps falling below the $50 level, confirming the dead cat bounce and hopes of a recovery.

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Greens back Government’s pension reforms

June 17, 2015 - 07:34 -- Admin

By Leith van Onselen I am fast warming to the Australian Greens under new leader, Senator Richard Di Natale. After recently adopting as policy the quarantining of negative gearing, so that rental losses on both houses and shares could no longer be claimed against unrelated wage/salary earnings, the Greens have backed the Abbott Government’s sensible

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Chinese stock wealth changing property markets

June 17, 2015 - 07:19 -- Admin

Cross-posted from Investing in Chinese Stocks Previously, real estate investment was dominated by the Northern School and the Southern School. The Northern School were the coal barons who funneled their huge profits into massive real estate speculation. The Southern School were the group buyers from places such as Wenzhou, who would pool their assets and

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SQM: APRA’s housing curbs are not working

June 17, 2015 - 06:49 -- Admin

By Leith van Onselen In this week’s email newsletter, available for free by signing-up here, SQM Research’s managing director, Louis Christopher, outlined why he believes that the Australian Prudential Regulatory Authority’s (APRA) curbs on investor mortgages does not appear to be working, and outlines possible further steps that APRA might take: I am getting an

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Rental market continues to weaken

June 17, 2015 - 06:48 -- Admin

By Leith van Onselen SQM Research has released its rental vacancy data for May, which registered a 0.1% increase in vacancies nationally with vacancies also up 0.2% over the year (see below table). As shown above, every jurisdiction with the exception recorded either no change or a rise in rental vacancies in May. Clearly, the

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Mining jobs continue to evaporate

June 17, 2015 - 06:47 -- Admin

By Leith van Onselen DFP Recruitment has released its mining and resources jobs index for May, which registered another large seasonally adjusted fall of 4.9% to 53.87, with permanent vacancies down 43.80% nationally over the past year, and by 16.8% over the last quarter (see next chart). Job vacancies continue to follow commodity prices downwards

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Links 17 June 2015

June 17, 2015 - 06:00 -- Admin

Global Macro / Markets / Investing: Why giving financial advice is difficult - Abnormal Returns Saving investors from themselves - Jason Zweig New NASA data shows world running out of fresh water – WP (next commodity future de jeure) Credit Suisse: the bond bull market is over – BI North America: Jeb Bush: next President

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