Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

UBS: First home buyer grant won’t stop credit crunch

May 14, 2019 - 00:12 -- Admin

Via UBS’ George Theranou, who has been way out in front of all analysts on this for years: Proposed FHB Deposit Scheme doesn’t materially change our outlook The First Home Buyer Deposit Scheme proposed by the Government (& supported by Labor) potentially allows FHBs to purchase with deposits as low as 5% without paying LMI

The post UBS: First home buyer grant won’t stop credit crunch appeared first on MacroBusiness.

Immigration into Australia continues to surge

May 14, 2019 - 00:10 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) yesterday released visitor arrivals and departures data for the month of March, which posted record breaking permanent and long-term arrivals. In the year to March 2019, there were a record 845,840 permanent and long-term arrivals into Australia, up 6% from March 2018, and was only

The post Immigration into Australia continues to surge appeared first on MacroBusiness.

Links 14 May 2019

May 14, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: Climate Change Jumps To Biggest Risk For Insurers – WPM Morgan Stanley says it’s too easy to own a Tesla now and that’s hurting the brand – CNBC Quantitative Easing Is Ending. Here’s What It Did, in Charts. – NY Times Labor and Capital in the global economy –

The post Links 14 May 2019 appeared first on MacroBusiness.

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

Macro Afternoon

May 13, 2019 - 17:00 -- Admin

With no progress to report on the US/China trade talks and Trump thankfully still asleep (or his staffer’s have taken away his iPhone) there haven’t been any catalysts to upset markets on the open here in Asia today. The Yuan is depreciating sharply due to the PBOC trying to head off the tariffs while Yen

The post Macro Afternoon appeared first on MacroBusiness.

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

The tyranny of negative equity

May 13, 2019 - 14:00 -- Admin

Above is an interesting discussion on negative equity between Martin North and property insider Edwin Almeida. Both claim that around 10% of borrowers could be in negative equity. They also warn that banks could soon force some borrowers to sell.

The post The tyranny of negative equity appeared first on MacroBusiness.

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

ACOSS slams Libs/Labs FHB deposit subsidy

May 13, 2019 - 13:30 -- Admin

By Leith van Onselen The Australian Council of Social Service (ACOSS) has done a good demolition job of the lunatic first home buyer (FHB) deposit scheme, which was announced over the weekend and has been matched by Labor. From The Guardian: Acoss CEO Cassandra Goldie said: “The bipartisan first homebuyers’ package will help some first

The post ACOSS slams Libs/Labs FHB deposit subsidy appeared first on MacroBusiness.

Westpac: Australia’s auction market stabilising

May 13, 2019 - 13:00 -- Admin

From Westpac senior economist, Matthew Hassan: Given the intense focus on Australia’s housing markets at the moment and in light of our recent commentary around the best way to interpret auction market results (see here) we are now putting out short previews each Friday and summary updates the following Monday setting out how results should be viewed.

The post Westpac: Australia’s auction market stabilising appeared first on MacroBusiness.

Gottiboff warns of home building collapse

May 13, 2019 - 12:30 -- Admin

By Leith van Onselen From Highrise Harry Triguboff’s mouthpiece, Robert Gottliebsen, comes a dire warning about Australia’s pending housing construction collapse: The suburban land development and residential home building industry in Sydney and Melbourne and most other capitals has collapsed. New orders have fallen to token levels and many of those who bought land are

The post Gottiboff warns of home building collapse appeared first on MacroBusiness.

Housing finance crashes deeper into abyss

May 13, 2019 - 12:05 -- Admin

By Leith van Onselen Today’s housing finance data for March from the ABS recorded a heavy decline in mortgage commitments: As shown above, total finance commitments (excluding refinancings) fell by 3.2% in March, with owner-occupied commitments falling 3.4% and investor commitments falling 2.7%. Over the year, total finance commitments (excluding refinancings) crashed by 18.4%, with investor commitments

Credit Suisse: Co-ordinated stimulus looms

May 13, 2019 - 12:00 -- Admin

Via the excellent Damien Boey at Credit Suisse: Ahead of the Federal election, policy makers are showing their hand on stimulus prospects. On Friday, the RBA revealed in its Statement on Monetary Policy (SoMP) that 2 rate cuts factored into market pricing, will only be sufficient to get real GDP growth to 2.75% by the end of

The post Credit Suisse: Co-ordinated stimulus looms appeared first on MacroBusiness.

Pages