Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

S&P: Mortgage arrears rise in NSW and VIC

November 27, 2018 - 00:14 -- Admin

Via S&P: Australian prime home loan arrears fell in September, according to a recently published report from S&P Global Ratings. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages, declined to 1.33% in September from 1.36% in August. Arrears typically fall at this point in the annual cycle, though the current arrears level

The post S&P: Mortgage arrears rise in NSW and VIC appeared first on MacroBusiness.

NSW stamp duty receipts jumped $500m in October

November 27, 2018 - 00:12 -- Admin

By Leith van Onselen The NSW Office of State Revenue (OSR) has updated its stamp duty data for October 2018, which revealed a phantom $500 million-plus lift in stamp duty receipts despite transfer volumes continuing to collapse: As shown in the next chart, stamp duty receipts in October were, by far, the highest on record,

The post NSW stamp duty receipts jumped $500m in October appeared first on MacroBusiness.

Links 27 November 2018

November 27, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Why Warren Buffett Is Big on Big Banks – Barron’s No Refuge for Investors as 2018 Rout Sends Stocks, Bonds, Oil Lower – WSJ The World Needs to Quit Coal. Why Is It So Hard? – NY Times Bitcoin extends losses, slides under $3500 to lowest since September 2017

The post Links 27 November 2018 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Macro Afternoon

November 26, 2018 - 17:43 -- Admin

A weekend without much bad news has translated the poor showing on Wall Street to a buoyant day on stock markets here in Asia today, with just the local Australian markets suffering. The PBOC loosened the Yuan fix substantially while the failing Bitcoin had a big bounce this morning. The Shanghai Composite is down 0.3% to 2572 points

The post Macro Afternoon appeared first on MacroBusiness.

Australian dollar defies limit down iron ore

November 26, 2018 - 15:18 -- Admin

The Australian dollar is up a little today as the RBA described a deteriorating property market. Not sure how that makes sense: Bonds worked it out a little better being well bid: XJO is down moderately despite rising US futures: That may be because iron ore is limit down in Dalian: Which has started to

The post Australian dollar defies limit down iron ore appeared first on MacroBusiness.

RBA warns on non-bank mortgage credit crunch

November 26, 2018 - 15:03 -- Admin

From Christopher Kent, Assistant Governor RBA (Financial Markets): Introduction Good afternoon, and thank you to the Australian Securitisation Forum for their invitation. It’s a pleasure to be here. Today I’ll provide an update on developments in the markets for housing and housing credit. These markets are closely related and both are of considerable interest to those

The post RBA warns on non-bank mortgage credit crunch appeared first on MacroBusiness.

Sustainable Australia gains first parliamentary seat

November 26, 2018 - 13:03 -- Admin

By Leith van Onselen It was a big weekend for micro-parties, who look to have landed 10 upper house seats in the Victorian Election, according to the ABC’s upper house calculator: Included in these 10 upper house seats is Sustainable Australia’s Clifford Hayes – an ex-Mayor of Bayside City Council – who took the final

The post Sustainable Australia gains first parliamentary seat appeared first on MacroBusiness.

McGrath: Sydney/Melbourne property falls double reported levels

November 26, 2018 - 12:31 -- Admin

By Leith van Onselen While CoreLogic’s Daily Index is showing a circa 9% and 6% peak-to-trough decline for Sydney and Melbourne dwelling values: Real estate agent, John McGrath, has today argued that CoreLogic’s index lags the market by around three months and that losses in Sydney are more likely already 10% to 15%, whereas Melbourne

The post McGrath: Sydney/Melbourne property falls double reported levels appeared first on MacroBusiness.

Property locusts deploy planning propaganda 101

November 26, 2018 - 12:00 -- Admin

By Leith van Onselen A coalition of housing groups – calling themselves the “Good Growth Alliance” – has joined forces to attack recent calls to slow immigration into Sydney. From The SMH: The so-called Good Growth Alliance will push for a housing summit to be held within 100 days of the March election to help

The post Property locusts deploy planning propaganda 101 appeared first on MacroBusiness.

Pages