Via Damien Boey of Credit Suisse today: In our recent article “Crying wolf against the little engine that could”, dated 15 November 2018, we suggested that the pulse of activity growth has faded badly towards the back end of the year. Our activity tracker has been lingering at low levels for some time, consistent with
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By Leith van Onselen The ABS has released data on the value of construction work done for the September quarter of 2018, which registered a 2.8% seasonally-adjusted decline in total construction activity over the quarter and a sharp 16.9% decrease over the year: The result easily missed analysts’ expectations of a 0.9% increase in construction
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By Leith van Onselen Fairfax’s Clancy Yeates has returned from Chicago where he discovered that the Trump Administration’s lower immigration policy has played a direct role in lifting American workers’ wages: A recurring theme from American business-owners is that it is getting it hard to get the staff they need… this challenge was being made
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Via Domainfax: When it comes to access to housing in Australia, the playing field is far from even. Our recent research has found that race matters. Many Australians experience racism and discrimination based on their cultural background. This is particularly the case for Asian Australians. They experience much higher rates of racism across a variety
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Josh Frydenliar isn’t going, at the AFR: Treasurer Josh Frydenberg has pulled out of this weekend’s G20 summit in Argentina, opting to remain in Canberra amid parliamentary chaos for the Coalition. Mr Frydenberg had been due to travel to the annual leaders meeting in Buenos Aires with Prime Minister Scott Morrison after Parliament rises on
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By Leith van Onselen It hasn’t taken long for Australia’s property locusts to swarm the new Victorian Government. Here’s the Property Council: An adjustment to planning controls – particularly those preventing development being approved within the Melbourne CBD – is one of the top priorities for the Property Council Australia – Victoria. Another focus is
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You can see where the coming Shorten Government is going to go today in Victoria, via the ABC: Victoria’s re-elected Premier Daniel Andrews has unveiled his new front bench, with half of ministry positions going to women. The Andrews Government has become the totemic social progressive regime in Australia. Andrews has done this while the
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Chant West is out with its latest super fund returns: Chant West senior investment research manager Mano Mohankumar says: “Despite a disappointing October, growth funds still have a good chance of finishing in positive territory for the seventh consecutive calendar year. However, this year’s return is certain to be well below the 10% average of
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By Leith van Onselen A few months back, the Reserve Bank of New Zealand (RBNZ) released a study showing that its loan-to-value ratio (LVR) caps had fundamentally de-risked the housing market: The report found that prior to the introduction of LVRs in October 2013, the average new mortgage was for 67% of a property’s value.
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By Leith van Onselen As flagged yesterday, a federal election seems likely to be held on either 11 or 18 May 2019, after the Morrison Government announced that it will bring forward the 2019 Budget to 2 April. With the Coalition looking certain to take a flogging in the polls, Scott Morrison is likely to
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