With OPEC struggling to contain the global glut in oil, I expect we’ll see crude fall at least 20% this year. And a return to US$30 per barrel is quite possible. The main driver for that fall remains the epic amount of oil coming out of the US.
Going off CoreLogic estimates, Sydney property prices have dropped around 14% since their 2017 peak. Melbourne’s fall has been a little less, averaging at 10%. NAB chief economist Alan Oster admits these slides were larger than expected, saying ‘We now expect Sydney to decline by around 20 per cent from peak to trough, while Melbourne is expected to fall around 15 per cent’.
While the rate of price falls have slowed in Sydney and Melbourne, home prices in both cities continued to slip. And they now have plenty of company.
The climate warriors want your kids. They want them to be scared. And they want them to march in lockstep with their own left-wing beliefs.
The latest news from the Australian Bureau of Statistics has alarming implications for property owners and investors. And with almost $200 billion wiped off the value of Australia’s residential dwellings in the second half of 2018, the repercussions could further dampen an already struggling economy.
Tens of thousands of Aussie school kids are skipping school today to attend climate change rallies instigated by the group School Strike 4 Climate Australia. But we can’t blame the children for responding as intended to the fear campaign of global warming.
Shorten and Labor workplace spokesman Brendan O’Connor have lodged a submission on the minimum wage to the Fair Work Commission, calling for a ‘responsible, real increase’ to the Aussie minimum wage. They argue that ‘no Australian working full-time should be living in poverty’.
Australia’s ecowarriors love to tell you how to live your life. The list of dos and don’ts is extensive. Until recently, though, your pets have escaped the notice of the self-appointed environmental police.
On Wednesday morning, Lowe said the downturn seen most severely in Sydney and Melbourne, was the result of accelerated growth between 2012 and 2017 and a means of manageable correction.
Despite the bounce in Sydney and Melbourne’s auction clearance rates, plus a continued slowing in momentum in monthly price declines, it seems we haven’t seen the end of things yet.
The good news is more people are beginning to view houses as a place to live, rather than an investment cash cow that will double their money. The bad news is, the trend of falling housing prices looks set to continue. And it poses real risks to the wider economy.
The Reserve Bank of Australia believes federal politicians can help push to finally see some real wage growth return for Australian workers. Which leads to the obvious question: What do politicians know about productivity?
If there’s one thing we can glean from all the ruckus around this ‘climate change’ ordeal, it’s that global warming is in fact a global issue. Yet we at The Australian Tribune have noticed that Australia seems to be taking on a lot of the responsibility by being a leader in emissions reduction, which is costing…
According to RAW, US President Donald Trump has said trade talks with China this weekend had been ‘very productive’ — in working ahead of a 1 March deadline for the imposition of further US tariffs on Chinese imports.
The climate police have not made as many inroads in the US yet. And this puts Democrats — who overwhelmingly support an extreme environmental interventionist bill called the ‘Green New Deal’ — at considerable risk.
They pride themselves on being the party who looks out for the little guy. But Labor’s idea to fix the dividend imputation, or franking credits, will ultimately be taking money right from the profits of retirees — who have been working to the bone their whole lives.
Handing out taxpayer funded money to first time new home buyers comes with unintended consequences. Not least of which is that it tends to drive up the price of new homes.
According to the Department of Industry, Innovation and Science, coal export values should reach $67 billion in total in 2018–19. But that vast amount of wealth is at risk from climate warriors, intent on putting an end to Australia’s coal industry.
Australian Paper’s Maryvale mill in the Latrobe Valley has announced a $600 million deal with waste management group Suex, which will see the paper mill being powered by Victoria’s waste products.
At 4pm today the final report of the Banking Royal Commission will be released. The commission’s conclusions and recommendations are likely to have far-reaching consequences for Australia’s financial industry.While we wait, let’s look at some key areas.
There’s a lot of uncertainty swirling about the US economic outlook, Fed Chairman Jerome Powell said the case for raising rates had ‘weakened’. The US central bank has lowered its previous forecast in favour of further tightening, Mr Powell said in a statement.
In December, the national unemployment rate slightly fell, but while it was part-time jobs that lowered the figure, the federal Labor party eagerly pointed out that less people had full-time employment.
Senior property research analyst for Domain, Nicola Powell put previous declines down to rising interest rates or economic changes, but suggests that the current fall comes from potential buyers’ restricted access to credit.
The current population of Australia is a bit over 25 million. ANU asked more than 2,000 adults whether they believed the country needed even more people. Just 30.4% — or around three out of 10 people — were on board with further population growth.
It’s too soon to call Australia’s tumbling dwelling prices a full-blown crash. But with house prices in Sydney and Melbourne falling in 2018, the picture isn’t rosy.
Now, as lending in the housing market falls below its 10-year average, Treasurer Josh Frydenberg is urging banks to start approving home loans.
What happened to gold’s safe haven status? In short, it’s because of US interest rates. Gold isn’t going to be a safe haven while inflation remains low and the Fed is on a tightening path.
From 2012 into recently, we’ve seen the greatest net worth bubble ever! It’s reached a staggering 524% of GDP…we’re rich!
With so much happening in the world right now, and global stocks on the cusp of a bear market, it’s a perfect time for The Rum Rebellion to launch.
As you know from the royal commission into bad banking behaviour, the banks are now clamping down on irresponsible lending. That’s leading to lower credit growth.