API Podcast
Cate and I joined Aaron-Christie David on the Australian Property Investment podcast to discuss if and when there's a time to sell property investments.
Tune in here (or click on the image below):
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ANZ released it job advertisements index, which showed ads continuing to fall, to be down -8.2 per cent from a year earlier.
Source: ANZ Indeed
The index has declined -24 per cent from the November 2022 peaks, and points to rising unemployment ahead.
ASIC's latest data also show insolvencies continuing to rise:
Source: ASIC, Shane Oliver, AMP
There are more construction sector insolvencies on the way, a surge of constructions sector of sole traders reportedly on the brink of mortgage default, according to Equifax.
New Zealand's economy, meanwhile, is imploding, pointing to imminent rate cuts.
Overall, it looks like monetary policy is doings it job, if not a little too well.
Australia's Reserve Bank is set to keep interest rates on hold tomorrow, with a couple of interest rate cuts priced in by futures markets in 2025.
