InvestIdeas

Aussie property’s bubbly days are numbered: Goldman
http://www.cnbc.com/id/102587100

Australia's AAA rating not at risk says Fitch.

Tue 12 May 2015

Fitch Ratings comments on Australia's AAA rating:

Falling commodity prices will hit the budget bottom line and mean Australia needs to be more fiscally vigilant, but it is not at risk of losing its AAA credit rating, Fitch Ratings agency says.

Australia's reliance on commodities and a large share of debt held by foreign investors make it more sensitive to global factors, Mr Tang said, warning that debt can increase quickly - but Australia's banks and governance give it a strong buffer.

"There is still little evidence to suggest Australia's AAA rating will come under threat over our usual rating horizon of about two years," Mr Tang said.

"Longer term, the outlook is inevitably more uncertain. The Australian economy is at a critical juncture, as the mining investment boom fades and other sectors become more important engines of growth."

In the local press, Australia.

U.N.: Australia paid migrant smugglers to turn boats around
http://edition.cnn.com/2015/06/12/asia/ ... index.html

荒廢校舍藏地牢
50澳生遭禁錮性侵
http://hk.apple.nextmedia.com/internati ... 1436153253

Australian Mortgage Approvals Drop Most in Five Years in May
http://www.bloomberg.com/news/articles/ ... ars-in-may

齋炒懶得租出去
強國人搞到澳洲多區變鬼城
http://hk.apple.nextmedia.com/internati ... 1436153253

Mr Koukoulas points out that by the end of the first quarter this year, Australia’s net foreign debt had climbed to a record $955bn, equal to almost 60pc of gross domestic product. Although this is far behind the likes of Greece, which boasts an unenviable ratio of over 175pc, it is nevertheless unsustainable, especially if it is allowed to widen further.

Commodities crash could turn Australia into a new Greece
http://www.telegraph.co.uk/finance/news ... reece.html

Alarm bells sound over Australian property prices
http://www.aljazeera.com/blogs/asia/201 ... 37660.html

When a slump hits a vast iron ore mine in Australia
http://www.bbc.com/news/business-34082850

How it all went wrong for Australian PM Tony Abbott
http://www.bbc.com/news/world-australia-34241486