Australia 02 (Jan 11 - Dec 19)

Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Sun Aug 06, 2017 8:27 pm

Australia slams brake on property investors

The nation’s biggest banks have this year raised minimum deposits, tightened eligibility requirements and increased rates on interest only mortgages a form of financing favoured by people buying homes to rent out or hold as an investment.


Source: The Star

http://www.thestar.com.my/business/busi ... investors/
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Thu Aug 31, 2017 12:03 pm

In Sydney, foreign homebuyers have been hit by an 8% stamp duty since June, double the rate last year.

The New South Wales government also introduced a vacancy tax, which is A$5,000 ($5,412) a year for investors who leave their property vacant for more than six months.

In Melbourne, the Victoria government has more than doubled stamp duty surcharge for foreign buyers to 7% from July 1.

The stamp duty concession for off-the-plan properties has also been removed, which will further increase taxes by about 5%.

Source: The Edge Properties
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Sun Dec 17, 2017 7:39 am

CHINA’S FALLOUT WITH AUSTRALIA: THE TIP OF THE ICEBERG?

Power abhors a vacuum. And China is increasingly stepping into the gap in the world economic order

BY LINDA YUEH

“Belt and Road Initiative” - Beijing plans to invest US$1 trillion in the next five years will involve the building of infrastructure across some 65 countries.


Source: SCMP

http://www.scmp.com/week-asia/opinion/a ... ip-iceberg
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Re: Australia 02 (Jan 11 - Dec 17)

Postby winston » Thu Aug 02, 2018 8:14 am

Australian housing downturn worsens

Australia’s property slump deepened in July, with housing prices falling the most in almost seven years, Bloomberg reports.

National dwelling values dropped by 0.6 percent last month -- the biggest fall since September 2011 -- as declines in Sydney and Melbourne accelerated, according to CoreLogic Inc data today.

Prices have now fallen for 10 straight months due to a combination of lending curbs, stretched affordability and reduced investor demand.

Rents declined by 0.2 percent last month, according to CoreLogic.

Melbourne emerged as the worst-performer. Prices fell last month by 0.9 percent compared with a 0.6 percent drop in Sydney.

Source: Bloomberg/The Standard
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Re: Australia 02 (Jan 11 - Dec 18)

Postby winston » Mon Aug 06, 2018 7:40 am

WHY A FALLING YUAN RAISES ECONOMIC JITTERS IN AUSTRALIA

The weaker the yuan, the less Chinese have to spend – and that spells trouble everywhere from Australia’s property and tourism markets to its exports of iron ore and coal

BY JOHN POWER

Source: SCMP

https://www.scmp.com/week-asia/geopolit ... -australia
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Re: Australia 02 (Jan 11 - Dec 18)

Postby winston » Mon Nov 26, 2018 8:01 am

Budget to get back into surplus by next financial year, Deloitte Access Economics forecasts

Deloitte forecasts an underlying cash deficit of $4.9 billion in 2018-19 — the smallest since the global financial crisis — followed by a small surplus of $4.2 billion in 2019-20.


Source: ABC

https://www.abc.net.au/news/2018-11-26/ ... n=business
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