ABC Radio program PM reveals the house price con. Housing prices are no real benefit to homeowners. To listen to the story, or read the transcript, click here ยป PM with Mark Colvin, ABC Radio 29th September 2009.
In a talk to the CEDA Housing Forum today, Tony Richards, Head of Economic Analysis Depart at the Reserve Bank of Australia said : It is looking increasingly clear that Australia has avoided the large falls in housing prices seen in some other countries over the past two years or …
The International Monetary Fund is now recommending to central banks, such as the Reserve Bank of Australia to use interest rates to take pre-emptive action to control asset price bubbles such as the bubble in Australian house prices. The IMF’s senior economist, Alasdair Scott said “There might be times even …
You can’t get safer than Bricks and Mortar, unless of course, Bricks and Mortar is caught up in one massive asset bubble. Then, it’s no different than any other investment – it can go up, and it can go down – big time. WA Today reports of the disaster in …
On Tuesday this week, the Rudd Government took the lead. Against the many voting baby-boomer Mums & Dads that own Telstra shares, they announced major changes to Telecommunications laws which will see Telstra split into infrastructure and retail arms. Communications Minister Stephen Conroy said “Today we are delivering historic reforms …
Despite the best efforts of the government to encourage Australian’s to build new homes, June housing start commencements released today show continued falls. While private sector housing starts is down 15.7% over the course of the past year, other residential building starts which include units and apartments are down 41.4%. …
Australia’s let to burst housing bubble has today been labeled “a very dangerous and unstable situation” by researchers from Flinders University, lead by Professor Joe Flood. Professor Joe Flood is a housing economist holding a PHD in mathematics, plus a science degree and has 17 years experience in the housing …
On Thursday the ABS released another set of rosy employment figures. Once again the unemployment rate in Australia is steady at 5.8%, despite the lost of 30,000 full time jobs. The number of part time jobs increased 3,800 positions further supporting the case that the trend among employers is to …
The worst reporting season has closed with 14 ASX listed companies reporting loses over $1 billion dollars. Contrary to the saying, Safe as houses, 10 of those 14 companies had a core business of . . you guessed it – property. Centro Properties Group: $3.54 billion Centro Retail: $2.68 billion …
This week saw GDP figures released showing the Australian economy is the fourth-best performing in the world behind China, India and Korea according to analysis by Royal Bank of Scotland. But is the Australian economy just extremely resilient, or have we not begun to see the start of the crisis …
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