The ABS released its Detailed Labour Force figures for January yesterday, which rarely receive any coverage at all in the media. This seems a little unusual given the great hullabaloo after the main data is printed. I have been warning on this blog since its very inception that many of Australia’s regions have been carried along on…
The ABS released its Finance and Wealth data to support the Q3 National Accounts which showed that household wealth increased to new highs at $7,719 billion in September 2014, an interesting contrast to the “technical income recession” reported relating to Australia’s rapidly declining terms of trade. The main components of household balance sheets were land and dwellings…
There’s lots of talk about global deflation lately. Shane Oliver, chief economist for AMP Capital, explains that with falling inflation on the back of falling commodity prices and global spare capacity, deflation is more of a threat globally than a surge in inflation in his market commentary this week Here’s what he said: Introduction While…
The residential property market does cycle. This time around isn’t that much different from the last time & the times before that. There is always talk about “how it will be different” this time around. But history shows that there is a set of certain variables which, when combined in the right way (like ingredients in…
We all know that two of the drivers in investment markets are fear and greed (and I’m not just talking about property). Today I’d like to give you my take on that… Vices: gambling When I went to work in London as a grad trainee for one the respected and established West End accounting firms, I was immediately…
Morgan Housel, wrote a great article in Motley Fool listing 100 startling facts about the economy. Here’s a selection of them, in no particular order… 1. As of January 2013, there are 16 people left in the world who were born in the 1800s, according to the Gerontology Research Group. With dividends reinvested, U.S. stocks…
Today I’d like to offer a list of simple strategies that can help Australians improve their financial fitness in 2015. If done properly, this includes assessing all aspects of personal finances, including strategies to boost retirement investments, such as including property and super, savings, a review of insurance policies, staying ahead of tax obligations and…
By Pat McConnell A key component of the Financial System Inquiry handed to Treasurer Joe Hockey this week was that “the financial system should be subject and responsive to market forces, including competition.” But on both market forces and competition, inquiry chair David Murray and his team squibbed it. Much of the discussion of the…
As capital city dwelling values continue to rise, homes selling at a price below $400,000 continue to decline, down to 39.7% of all sales from 44.1% a year earlier. Over the 12 months to August 2014, 37.3% of houses and 45.7% of units sold for less than $400,000. At the same time a year earlier,…
By Max Corden, University of Melbourne The federal budget balance is expected to deteriorate. The reasons are numerous but, in a lengthy statement, the government sums it up in terms of two key factors. These are: the softer economic outlook; and unresolved issues inherited from the former government. The economy is going through a transition…
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