Could get messy.
Pete Wargent blogspot
Monday 31 July 2023
Credit growth crushed by interest rate hikes
Could get messy.
Sunday 30 July 2023
2 Sense: Listings on the rise, mortgage stress builds, & rent controls are back in
2-Sense
This week on 2-Sense, Chris Bates and I discuss the big 3 property news stories of the week.
Tune in here (or click on the image below):
Or you can watch on YouTube here:
Friday 28 July 2023
Has the RBA won the fight against inflation?
Retail sector is cooked; homebuilding inflationary pressures falling
On the road with Rask
Thursday 27 July 2023
Inflation trends are down
Inflation trending down
The ABS produces a handy chart, which helps to show the recent trends in inflation.
In March 2022, inflation increased by 2.2 per cent over a quarter, the largest increase in many a year.
But in the most recent quarters inflation has fallen from 1.9 per cent in December 2022, to 1.4 per cent in March 2023, to 0.8 per cent in June 2023.
Source: ABS
Next quarter a big quarter of inflation for September 2022 (1.8 per cent) will drop out of the annual figures, so we'll see another large drop in the inflation figures from 6 per cent to under 5 per cent.
Clearly policy settings are contractionary, and year on year consumer spending now appears to be in freefall.
Hence markets think that interest rate hikes are all but done in Australia.
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Housing prices rose sharply in the June quarter on low stock numbers.
Price increase were led by a +5.3 per cent quarterly increase for houses in Sydney.
Source: Domain
Unit prices also increased +2.6 per cent in Sydney, with larger increases recorded in Brisbane, Melbourne, and Adelaide.
Source: Domain
Domain's full report for the June quarter can be found here.
Rask: Living your best life (FIRE webinar)
version is here:
Wednesday 26 July 2023
Inflation slows to 0.8pc
Post-pandemic Principle #7: Becoming your own boss - time and income freedom
Post-pandemic principles
In this 7th short blog and video in my latest mini-series, I discussed creating time and income freedom.
Tune in here (or click on the image below):
Tuesday 25 July 2023
Building and renovating for profit is easier than it seems with Rebeka from BuildHer
Monday 24 July 2023
Inflation in focus this week
Sunday 23 July 2023
2 Sense: RBA changes, construction costs calming & students swamping cities
Saturday 22 July 2023
Post-pandemic Principle #6: Locational freedom as a digital nomad!
Thursday 20 July 2023
Record low unemployment rate for NSW
Wednesday 19 July 2023
Bank of England breathes a sigh of relief
Canada's inflation falls to 27-month low
What's driving the surge in property listings?
Tuesday 18 July 2023
Post-pandemic Principle #5: Understanding your most valuable asset of all
Post-pandemic principles
In this short blog post and video, I look at the 5th post-pandemic principle, as the next part in this mini-series.
Tune in here (or click on the image below):
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Reuters reported today that LendLease is looking to shed 10 per cent of its 7,800-strong global workforce, as part of a plan to 'rightsize' its workforce and focus on lower-risk projects.
Bond yields took a turn lower through the day.