We ran out live stream event last night. During the session we discussed our revised scenarios, taking account of the complex local and international backdrop.
Using a baseline of July 2018, and looking ahead this is how it plays out. The risks from an international crisis have risen, the RBA itself is now projecting higher unemployment so lower wages growth, and the iron ore price is falling. Business and consumer confidence is being eroded, and the fall-out from the high-rise construction fiasco are only just starting to play out.
There is a path to property values rising, but we think this is relatively short lived.
This is an edited version of a live discussion as I discuss the thorny issue of getting on (and staying on) the property ladder...
I discuss the news that Australia will offer permanent residency for Hongkongers here with Salvatore Babones from the University of Sydney.
Journalist Tarric Brooker and I parse recent events, and with the help of his data slides, get deep and dirty into global power plays,...