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Domain: Low auction clearances suddenly not a problem

November 26, 2018 - 11:45 -- Admin

By Leith van Onselen Back in September, Domain analyst Eliza Owen released research explaining the strong correlation between auction clearance rates and dwelling prices, and predicted further weakening in house prices: Figure 1 shows the rolling annual clearance rate (Australia wide) alongside annual growth in the Domain median dwelling price. Annual movements in the two

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Gotti swarms with negative gearing scaremongers

November 26, 2018 - 11:30 -- Admin

By Leith van Onselen High-rise Harry Triguboff’s mouthpiece, Robert Gottliebsen, has joined the scaremongers over Labor’s negative gearing policy: It is now clear that Victoria — the property boom state of the past few years — will lead the Australian home building industry’s downward path, no matter which party had won… Given what’s happening in

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PBO: 710,000 Aussies would opt-out of compulsory super

November 26, 2018 - 11:15 -- Admin

By Leith van Onselen The Australian’s Adam Creighton has revealed analysis from the Parliamentary Budget Office (PBO) suggesting that 710,000 younger and lower-paid Australians would oft-out of compulsory superannuation, and increase their take-home pay, if given the choice. And allowing this option would improve the Federal Budget by $1.9 billion a year by 2029: An

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The dopey thinking pervading the housing debate

November 26, 2018 - 11:00 -- Admin

By Leith van Onselen The cognitive dissonance on display at Interest.co.nz over the weekend was clear as day with two contradictory articles appearing side by side: one cautioning against lowering immigration and the other lamenting the huge increase in Auckland’s housing shortage: The second article on Auckland’s housing shortage is particularly alarming as it shows

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The real “victims” of Labor’s franking credit reforms are wealthiest retirees

November 26, 2018 - 10:45 -- Admin

By Leith van Onselen Last week, a Coalition-led parliamentary inquiry into Labor’s dividend imputation policy began public hearings, which heard a conga-line of vested interests bemoan that Labor’s proposed reforms are “unfair” and would smash “ordinary Australians” and “lower-end retirees”. However, this special pleading has already been debunked by the Parliamentary Budget Office (PBO), which released

NAB/ASIC corruption exposed

November 26, 2018 - 10:30 -- Admin

Via Banking Day: CLEARLY DEFICIENT: ‘No saving NAB this time’ ASIC chair James Shipton did not quite tell Rowna Orr (pictured) at the banking royal commission. NAB’s inability to fully remedy illegal conduct in the foreign exchange market was laid bare in Friday’s hearing of the royal commission into misconduct in banking. In December 2016

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It’s time to shut down the foreign student rort

November 26, 2018 - 10:15 -- Admin

By Leith van Onselen Last week, the Australian Population Research Institute (APRI) released a startling new report arguing that Australian universities’ heavy reliance on overseas students is crushing education standards, is oversupplying accounting, IT and engineering occupations, adding to population pressures in Sydney and Melbourne, and is shaping Australia’s foreign policy. The reality is that the industry

McKell: Negative gearing critics “either misguided or cynical”

November 26, 2018 - 10:00 -- Admin

By Leith van Onselen Labor-aligned think tank, the McKell Institute, has vigorously defended Labor’s negative gearing and capital gains tax (CGT) policies, claiming reform is required now more than ever and labelling critics as “either misguided or cynical”. From The Guardian: …an updated report from the McKell Institute has argued that negative gearing reform is

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Bill Evans: RBA confirms no rate hike forever more

November 26, 2018 - 09:45 -- Admin

Via Bill Evans at Westpac: The minutes of the November monetary policy meeting of the Reserve Bank Board confirm the confident approach we have seen in the recent Statement on Monetary Policy. While consumption growth is still identified as a source of uncertainty, the Board expects it to remain around the 3% level over the

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Leftist “useful idiots” continue their war on wages

November 26, 2018 - 09:30 -- Admin

Here is what Crikey’s Bernard Keane wrote last week on immigration: The same policy breakdown that has occurred in other areas of neoliberal policymaking is now occurring on immigration. It’s generating the same response as in other areas. And it has the same causes. Rinse, repeat. Scott Morrison, who only a matter of months ago

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