Read the latest news blogs from Kevin Young as he shares his insights into interest rate moves or changes to government policy, and collect his tips and traps for property investors.
This week I am picking on Scott Morrison. If you are signed up to my Rate Club notice it will be hitting your inbox this Saturday, stay tuned. Take a look at the below chart for the Median Housing Prices for States across Australia. Mr Morrison wants to confine what is put on the table to the supply side. Attacking …
13,000 a week now not employed! Thanks to you, Mr. APRA! 18 months ago I predicted that APRA would have an effect on unemployment. The media, of course, are keen to present negative information rather than educate. They’re making a big issue of the impending collapse of the property market from oversupply. They’re pointing to the fact that there are …
The Rudd years gave us the trifecta of bad leadership, Rudd, Swann (Treasurer) and Stevens (RBA Governor). Have we got any better now? Turnbull; we’re still waiting to find out how he is going to shift our 10% underemployed to jobs. Remember his predecessor, Abbott, was going to be the infrastructure Prime Minister but never delivered infrastructure jobs. When is …
Over a year ago we predicted that APRA’s attack on investors was ill founded, short sighted and would lead to a shortage of supply. Basic economics then tells us from the shorter supply the rising population, we get rising prices! Low and behold latest figures show that in a 3 months to September National values appreciated 2.7 per cent giving …
Japan, overnight on 21st September, kept its interest rate at a negative 0.1% and to stimulate the economy expanded its money supply to 100% of GDP. The US and Europe are at 20%. In comparison in Australia, our RBA has a high rate of +1.5% and is wondering why our Australian dollar is climbing and our tourism and income from …