Brisbane

The final kick in Shoes of Prey collapse for Blue Sky backers

The final kick in Shoes of Prey collapse for Blue Sky backers

However, sources said investors would not be refunded their prepaid management fees – the fees for the remaining 1½ years of the five-year period – as the undrawn portion had been used to directly support Shoes of Prey in its restructuring efforts.Shoes of Prey ceased trading in August and had been working on options aimed…


The Australian dollar is poised to rebound, says BofAML

The Australian dollar is poised to rebound, says BofAML

The Aussie dollar has tumbled more than 13 per cent from a January 2018 high above US81¢ through year end.”We remain confident that a likely recovery in China later this year will lead to medium-term AUD appreciation,” BofAML’s Mr Sinha said in a note.The bank has the local currency reaching US74¢ in the June quarter,…


Even the Grey Nomads are cutting back

Even the Grey Nomads are cutting back

The Grey Nomads have some niggling worries about the housing market and potential changes to franking credit rebates, which will disappear if the Labor Party wins the coming election and could dent their retirement plans, and constant headlines about a slowing economy.”It’s just that the Grey Nomads are now a little bit wary,” Mr Trouchet…




Auction numbers down by 33pc, results ‘still weak’

Auction numbers down by 33pc, results ‘still weak’

The results of this weekend’s auctions – which followed more price falls in January reported by CoreLogic – also left homeowners and investors little to be cheery about. CoreLogic’s national preliminary clearance rate came in at 47.8 per cent, only slightly up on December’s low 40 per cent range.Over the weekend, Sydney showed a slight…


Housing market confidence sinks to new low: NAB

Housing market confidence sinks to new low: NAB

The share of investor home loans also dropped to its lowest level in almost a decade, falling 22.6 per cent over the year to November – or 2.5 per cent over the month – new ABS figures show. “The crackdown on credit and tighter lending restrictions also continued playing out in new and established housing…