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Articles from MacroBusiness

Domain mocks Murdoch salaries but should it?

November 29, 2018 - 13:30 -- Admin

They are preposterous: The Herald revealed on Wednesday that a staff member had, by accident, widely emailed sensitive personal details of pay and redundancy provisions of senior staff members, including the $357,000 salary of The Australian’s prominent economics columnist Judith Sloan. For one  article per day, pfft. But can Domain take the high road? The rumour

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Mainland housing nightmare descends on Hobart

November 29, 2018 - 12:59 -- Admin

By Leith van Onselen A few months back, the Hodgman Tasmanian Government rejoiced at the recent acceleration in the state’s population growth: Tasmania’s population is growing at its fastest rate in five years and the State Government wants to see more of it… “There’s no doubt that Tasmania has ample room for additional intake of people

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Final auction clearance rate crashes to new low

November 29, 2018 - 12:45 -- Admin

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a large 5.0% decline in the national auction clearance rate to 41.9%, with Sydney’s auction clearance rate diving 7.6% to 44.8% and Melbourne’s falling 2.6% to just

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ANZ confirms mortgage credit crunch

November 29, 2018 - 12:14 -- Admin

ANZ CEO Shayne Elliott today at the Royal Commission: So we accept that it’s conservative, in terms of it’s a relatively low level of expenditure … I think that it’s an agreed area for improvement. It’s a piece of software called Triex which we’re developing which would allow us to analyse an ANZs customer’s actual

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Actual capex slides 0.5% in Q3

November 29, 2018 - 12:03 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the September quarter, which registered a 0.5% seasonally adjusted decline in capex volumes over the quarter and a 0.6% decrease over the year (see below table). While Houses and Holes has already covered the forward-looking capex plans

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BIS projects ludicrous commercial property returns

November 29, 2018 - 12:00 -- Admin

Some serious drivel at the AFR today from BIS Oxford: Office towers, shopping centres and industrial sheds have shown returns in Sydney and Melbourne of between 12 per cent and 18 per cent over the last five years but that range is likely to be halved in the next five years, according to BIS Oxford’s

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MB Fund Webinar – Spotting Dodgy Advice LIVE TODAY

November 29, 2018 - 11:46 -- Admin

This week’s webinar (12:30pm AEST, Thursday 29 Nov) – brings dodgy financial advice under the spot light. Sharing your financial and personal affairs with another person is not easy, made worse if it results in you paying them to line their pockets with your retirement savings. Join us as we run through the key factors

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Expected capex jumps

November 29, 2018 - 11:43 -- Admin

The ABS is out with September QTR private capex and the news is pretty good: TOTAL CAPITAL EXPENDITURE Estimate 4 for total capital expenditure for 2018-19 is $114,099m. This is 4.4% higher than Estimate 4 for 2017-18. The main contributor to the increase is Other Selected Industries (6.8%). Estimate 4 is 11.3% higher than Estimate

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Fed hands ASX a dead cat

November 29, 2018 - 11:30 -- Admin

AUD is down during the morning after the big spike: Bonds are bid again: XJO is up meekly: Big Iron is up and away. I still think RIO is fundamentally well positioned and hope that head shoulders top dissipates! Big Oil is up, wrongly. OPEC looks ever more snookered by Kashoggi meaning oil must go

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Liberal Party to collapse?

November 29, 2018 - 11:15 -- Admin

So says James Walter, Emeritus Professor of Politics at Monash University, via Domain: Consider what the post-election Liberal leadership will have to do. First, comprehensive reform will entail recognising what the public has clearly shown it wants. Second, there must be acknowledgement that such policies demand the orchestration of many hands, much advice and diverse

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