In Paris we would be burning tyres in the streets. Anarchy has never looked so appealing. In more than 30 years in the superannuation industry I have only once before been as surprised by a policy announcement by a government. That was in 2006 when Peter Costello announced the ... Read more
Archives for May 2016
New ATO Rule on Property Deals over $2M will hurt Chinese Buyers Even More
As if the negative gearing debate wasn't enough before the election, on July 1, there is another shocker waiting for real estate agents and property owners around Australia trying to transact in property exceeding $2 million. According to a new ATO rule that comes into effect July 1, all ... Read more
RBA rate cuts, inflation targets, deflation and are central banks out of ammo? by Dr.Shane Oliver
19 May 2016 The RBA eased this month because actual inflation has fallen below target and is likely to stay there for a while. Cutting inflation targets would be foolish and make it harder to get inflation back up to target. Low rates are helping the Australian economy and zero ... Read more
Apartments market warning from real estate analysts
THE AUSTRALIAN MAY 17, 2016 12:00AM By Lisa Allen Property & tourism reporter Sydney Dwindling Chinese appetite for new apartments and tighter restrictions on lending to foreign developers and buyers threaten to collapse a market already facing a flood ... Read more
RBA slashes interest rates
THE AUSTRALIAN MAY 3, 2016 2:37PM by Adam Creighton Economics correspondent Fear of a job-destroying deflationary spiral has compelled the Reserve Bank to cut interest rates to a new historic low of 1.75 per cent today, risking another politically charged spike in house ... Read more