Back in May, US blogger Wolf Richer held forth on Wolf Street that hedge funds were betting record amounts on the imminent meltdown of Australian banks and our housing bubble by shorting shares. His arguments had me nodding my bearish…
by Bryan Kavanagh Reposted from On-Line Opinion Fortunately, the theory of real estate valuation is not as difficult to comprehend as the theory of value, over which economists continue to fight endlessly. Real estate valuation concerns the assessment of particular…
, Perth house rents have fallen 8.4 per cent in the last year and units by 9.3 per cent according to SQM Research. High pay in the mining investment boom drew many skilled engineering professionals and trades to Perth. They…
Australia’s premier TV current affairs program 4 Corners has a reputation for game-changing. Thoughtful analysis and a giant audience will do that. When it thunders, the time has arrived for a full reset. Last night’s episode ‘Home Truths’ lanced The…
by Philip Soos cross-posted from Independent Australia Banks, abetted by government, want you to keep getting crippling mortages to pay for vastly overpriced land, but the party can’t last forever. Over the last 20 years, housing has developed a reputation…
by Jesse Hermans Economies all over the world, primarily the Western ones, are entering what appears to be an era of stagnation. Japan’s experience over the last 25 years offers us insights into what the future holds. Unsurprisingly, economists dispute…
On Friday, Peter Costello used Fairfax to tell us how handsome he is and how splendidly the Future Fund he chairs is performing. He was responding to fellow establishment figure Howard Mitchell’s comparing its returns against the Alaska Permanent Fund.…
Based on Michael Lewis’s 2010 book, The Big Short is a critically acclaimed film about Wall Street in the lead-up to the 2008 Global Financial Crisis. “This business kills the part of life that is essential, the part that has…
Last week, Philip Soos announced Australia had achieved global leadership in an exciting new arena: “Australian households have more debt compared to the size of the country’s economy than any other in the world.” According to LF Economics, we seized…
reposted from Macrobusiness by Leith van Onselen Today is 1 December, which means that the amnesty on illegal foreign buyers of Australian residential real estate is over and the Government’s new penalty regime comes into effect. From today, a foreign…