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.
The evidence is gathering that the Australian property market is continuing to wilt, as buyer sentiment remains subdued. And the truth is, we are...
Australia’s economic woes can be sheeted to poor Government on housing, tax non-reform and many other factors, but the mother of all problems is...
Today we got the latest data from the ABS on employment and population. While Australian unemployment stayed relatively low in February as job gains...