Investors finally get APRA's message
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APRA is getting its way… The latest ABS Housing Finance data shows a sharp drop in investor housing commitments. The value of investment housing commitments in July fell by $460 million or 3.9 per cent from the previous month, according to the seasonally adjusted figures. The last out-of-cycle rate hikes for investors and customers paying…

Running your own race
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The photo below right was taken at the men’s 100 metres final at the Seoul Olympics in 1988. I can’t quite recall what happened to the poor ailing chap in lane two, but with arm outstretched, Canada’s Ben Johnson has raised his finger aloft to the heavens to signify that he is just about to…

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