Sydney

Michael Daley is no racist, no orator either

Michael Daley is no racist, no orator either

“And I don’t want to sound xenophobic. It’s not a xenophobic thing. It’s an economic question.”How to appeal to prejudiceOne of the tricks of politics is to appeal to prejudices without altering those being demonised.Daley is no racist. He is no orator either. He was bluntly articulating one of the great preoccupations of the NSW…


Interest rates are a key driver of house prices, an RBA paper says

Interest rates are a key driver of house prices, an RBA paper says

“We find that low interest rates (partly reflecting lower world long-term rates) explain much of the rapid growth in housing prices and construction over the past few years.”However these unequivocal statements are, to a degree, at odds with what governor Philip Lowe told The Australian Financial Review Business Summit last week.”The origins of the current…



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,…


‘Time to pounce’: Investors rush to beat negative gearing change

‘Time to pounce’: Investors rush to beat negative gearing change

Individual properties and shares within a portfolio could still be negatively geared provided that overall income derived from rent and dividends outweighed expenses.Under Labor, the capital gains tax discount on investment properties would also be halved from 50 per cent to 25 per cent for assets bought after July 1, 2017.Alex Gassner, 30, had plans…





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…