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 Post subject: Re: Ominous signs in Australia
PostPosted: Sat Dec 22, 2018 3:59 pm 
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Single Home Owner

Joined: Aug 28, 2010
Posts: 116
Location: Dublin
I went travelling last year to a number of countries and stayed in an AirBnB beside UNSW. I used the gym there a couple of times and got food in the University shop. Nearly every person I saw at all times walking through the campus was Asian. It was kind of shocking and I thought maybe the young Australians just weren't too bothered with education.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Mon Dec 24, 2018 11:02 am 
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Nationalised

Joined: Nov 6, 2006
Posts: 9010
Location: Hollywood
FYI Hungry Jacks = Burger King
Quote:
Hungry Jack's and the federal government have come under fire from unions over the fast-food chain's involvement in a taxpayer-funded job placement program.

The Retail and Fast Food Workers Union (RAFFWU) on Saturday shared what it said was a Hungry Jack's ad for internships over Christmas supported through the federal government's $840 million PaTH job placement program, which is designed to subsidise businesses to give young people work experience.

https://www.smh.com.au/business/compani ... 50o20.html


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 Post subject: Re: Ominous signs in Australia
PostPosted: Mon Dec 31, 2018 10:06 pm 
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First Time Buyer

Joined: Jul 24, 2018
Posts: 96
The opal tower fiasco should open a few eyes to shoddy standards of self regulations.

https://www.news.com.au/finance/busines ... 9be5f2de57

It has some nuggets on shoddy standards in NZ also


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jan 02, 2019 1:36 am 
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Nationalised

Joined: Nov 6, 2006
Posts: 9010
Location: Hollywood
Image
Quote:
Prices are still rising in the other capitals — Hobart (+8.7 per cent), Canberra (+3.3 per cent), Adelaide (+1.3 per cent) and Brisbane (+0.2 per cent) — but at a much slower pace than before.

Tighter lending standards were the biggest contributor to the property downturn, followed by a significant drop in foreign buyers, and a rise in mortgage rates.


Quote:
the Perth and Darwin downturns have resulted in them dropping 15.6 and 24.5 per cent from their respective peaks.

https://www.abc.net.au/news/2019-01-02/ ... c/10678444
Quote:
Sydney house prices fell 10 per cent in 2018 making it the worst performing property market in the country ahead of Melbourne with a 9 per cent decline, data from housing research firm CoreLogic shows.

https://www.smh.com.au/business/the-eco ... 50p6b.html


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jan 02, 2019 9:57 am 
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Of Systemic Importance

Joined: Sep 13, 2012
Posts: 5465
How convenient....

APRA to remove interest-only benchmark for residential mortgage lending
https://www.apra.gov.au/media-centre/me ... ge-lending

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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jan 02, 2019 10:03 am 
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Nationalised

Joined: Nov 6, 2006
Posts: 9010
Location: Hollywood
Eschatologist wrote:
How convenient....

APRA to remove interest-only benchmark for residential mortgage lending
https://www.apra.gov.au/media-centre/me ... ge-lending



and talk of quantitative easing (if needed in the future)
https://au.finance.yahoo.com/news/rba-m ... 54486.html


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jan 02, 2019 10:04 am 
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Nationalised

Joined: Nov 6, 2006
Posts: 9010
Location: Hollywood
propertyspire wrote:
The opal tower fiasco should open a few eyes to shoddy standards of self regulations.

https://www.news.com.au/finance/busines ... 9be5f2de57

It has some nuggets on shoddy standards in NZ also





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 Post subject: Re: Ominous signs in Australia
PostPosted: Thu Jan 03, 2019 1:55 am 
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Nationalised

Joined: Nov 6, 2006
Posts: 9010
Location: Hollywood
Quote:
Treasurer Josh Frydenberg is demanding banks stimulate ‘affordable and timely’ lending after revelations Australian house prices have suffered its worst year since the global financial crisis. Mr Frydenberg used the latest figures by CoreLogic to renew his attack on Labor’s election pledge to curb negative gearing, claiming the policy will worsen the housing market slide.

https://www.skynews.com.au/details/_5985357926001


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 Post subject: Re: Ominous signs in Australia
PostPosted: Thu Jan 03, 2019 12:00 pm 
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Real Estate Developer

Joined: Jul 27, 2011
Posts: 805
Blindjustice BATONEFFECT wrote:
Quote:
Treasurer Josh Frydenberg is demanding banks stimulate ‘affordable and timely’ lending after revelations Australian house prices have suffered its worst year since the global financial crisis. Mr Frydenberg used the latest figures by CoreLogic to renew his attack on Labor’s election pledge to curb negative gearing, claiming the policy will worsen the housing market slide.

https://www.skynews.com.au/details/_5985357926001


Really shocking stuff - lend more to prop up an unsustainable bubble. Strongly reminiscent of 2008/09 in Ireland. Next they'll be accusing some academic of 'talking down the economy'!


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 Post subject: Re: Ominous signs in Australia
PostPosted: Thu Jan 03, 2019 5:28 pm 
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Under CAB Investigation

Joined: Oct 20, 2012
Posts: 2019
mocame wrote:
Blindjustice BATONEFFECT wrote:
Quote:
Treasurer Josh Frydenberg is demanding banks stimulate ‘affordable and timely’ lending after revelations Australian house prices have suffered its worst year since the global financial crisis. Mr Frydenberg used the latest figures by CoreLogic to renew his attack on Labor’s election pledge to curb negative gearing, claiming the policy will worsen the housing market slide.

https://www.skynews.com.au/details/_5985357926001


Really shocking stuff - lend more to prop up an unsustainable bubble. Strongly reminiscent of 2008/09 in Ireland. Next they'll be accusing some academic of 'talking down the economy'!


And like Ireland the majority of voters will agree

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