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.
Robbie Barwick from the Citizens Party and I discuss the recent report on the Australia Post affair, and reveal the concerning cross-currents. https://citizensparty.org.au/campaigns/auspost-bank Go...
In this week’s market review we will as always begin in the US, cross to Europe and Asia, and end up with a local...
My latest Monday evening chat with our property insider Edwin Almeida. We look at the latest from China, consider the rise in chickens at...