"The chief executive of Australia’s largest bank says Donald Trump’s proposed tariffs on all imports into the United States will fuel global inflation and lead to higher interest rates for longer. Commonwealth Bank boss Matt Comyn said Trump’s victory in last week’s presidential election had already sent the share market soaring and the bonds market falling, but it was too early to tell whether those volatile movements were short or long-term gyrations. " Conversely on Hot Copper "
We are looking at housing at present is amazing with so many houses for sale. Record numbers! I have put in three low offers and been the only one playing! Agents suggesting every investment property is up for sale as soon as the lease is up. This is a Regional area which saw amazing prices over the last four years!
Just for fun an AI question Number of house for sale now Victoria Australia? As of now, there are approximately 69,666 properties available for sale in Victoria, Australia. This includes a mix of houses, units, and vacant land2
is this higher than usual? Yes, the number of houses for sale in Victoria is indeed higher than usual. The market has seen a significant increase in listings over the past year, with regional Victoria experiencing a notable rise in available properties1. This trend is partly due to economic factors and changes in market conditions.
Your link has the debt graph inserted at the top. Recalling "The recession we had to have" severed up by Paul Keating anyone?
Not suggesting this is all occurring again "Australia's last recession was almost 30 years ago. But memories of dole queues, painfully high interest rates and tight budgets are still fresh in the minds of many. Here is how some readers remember Australia's last recession."
In 1991 my (then fiancee) and I were two years into our first home mortgage and the interest rate was set at 17 per cent.At my workplace, an architectural practice, about a third of the staff were retrenched and the rest of us had our hours reduced down to working 1 or 2 days less per week. It was a tough time, particularly with such high home loan repayments. 'They were terrible times': How Australians remember the 1990s recession - ABC News
