"With the return of the coalition with its more pro-business policies and uncertainty now removed around changes... it's possible we will see a bit of a short-term bounce in the share market," he said.Dr Oliver said the Coalition win removed uncertainty on excess franking credits, changes to negative gearing and capital gains tax adversely affecting the property market, and increased industrial relations regulation.
Mr Whelan predicted coal miners would rally as the coalition is more friendly to the fossil fuel than Labor, said Whelan. "The economy is slowing and the unemployment rate has inched up, which could weigh on fiscal revenues," he said.Mr Zook said the likely continued need for crossbench support in the Senate could limit the government's ability to advance some of its policy priorities.
Source: News Formal (newsformal.com)
Xrp will be the biggest gainer in the next year as an investment by far. I wouldn't be wasting my time with stocks or real estate at the moment.
Ah - the main thing of course. The pagan god of the market is satisfied 😒
This will be the most stable hit the market has had in over a decade. 20% growth in 3 months. Lock it in.
Well duh 🙄
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'Dumb money' chase: In the world's wildest stock market, experts are trying to think like amateursIn China's $9.5 trillion stock market, traders are coming up with clever ways to predict what mum-and-dad investors are thinking. ...this is called gambling; the stock market ceased t exist some time ago - all that remains are horses to bet on...what a joke... These dumb a**es are just gambling. No algo can predict their pattern because even they have no idea what they’re doing. Red or black, that’s all that matters. And the house always wins.
Source: smh - 🏆 6. / 80 Read more »
Business Brief: First home buyers, housing finance figures and 'shy' investors | Sky News AustraliaFULL INTERVIEW: Managing Director of Market Economics, Stephen Koukoulas, has shed light on the recent sharp fall in housing finance, which has sparked fears Australia is yet to hit the bottom of the property market downturn.\n\nMr Koukoulas says both investors and property occupiers are 'shying away' from the housing market, triggering another two per cent decline in housing finance commitments.\n\nDespite the decline, Mr Koukoulas says there is a 'hint' that lower property prices are 'attracting first home buyers', who have otherwise been 'frozen out of the property market' for over a decade.\n\nHis comments come after the Coalition announced its first home buyers scheme, a Labor-backed policy which would allow people to buy a home with just a five per cent deposit.\n\n\n\n TheKouk ‘Sparked fears that Australia has yet to hit the bottom’ ? There is zero evidence that there is even a hint of property prices recovering. That implies denial by the consensus. This is going to get ugly TheKouk Someone with credibility enlighten me as to how the housing market will a) stop falling, and b) go back up.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Clive Palmer must not buy his way into ParliamentIt is hard to believe that voters have forgotten so quickly Mr Palmer's questionable record both in and out of Parliament. What’s the difference between him and the Unions buying Bill into the Lodge? Lol, he has a lot of competition in that Parliament when it comes to people having 'questionable records'. last i understood people of free-will are allowed to vote for Clive if they want to. He's not paying people for their votes. Democracy at work. Any more than billshortenmp actually is paying people to vote for him by nature of his swag of tax changes.
Source: smh - 🏆 6. / 80 Read more »
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Source: abcnews - 🏆 5. / 83 Read more »
When do I need lender's mortgage insurance to buy my home?If your house deposit is less than 20 per cent of your property's value, your bank might require you take out lender's mortgage insurance. So what is it? LMI traps borrowers in high interest loans. A better solution would be to make LMI policy portable between lenders and like general insurance, refundable on pro-rata basis if the borrower exists within the first 5 years of the mortgage being taken. AustralianLabor LiberalAus
Source: abcnews - 🏆 5. / 83 Read more »
'Crazy', 'mad' and 'insane' gas market blamed for nation's power billsAustralians are reeling from electricity prices that have soared more than 130 per cent since 2015, and analysts say the number one culprit is the export of gas. Raise the price of Australian gas. Make the multinationals pay their tax. Raise the taxes on exports. Raise the royalties on gas. Slightly and gradually until the amount of gas exported leaves plenty for the domestic market. By doing so there will be a benefit to the environment. R_Chirgwin It’s not the market it’s the government. If you give our gas away this is what happens. BTW we have no fuel refineries and hardly any Australian flagged ships left so there’s another ‘market failure’ waiting to crush us. auspol The only reason the international demand, therefore price of gas, impacts on domestic power costs is because we shut down so many coal fired power stations. We could also be using solar thermal energy to gasify coal without the usual CO2 production that that process involves.
Source: abcnews - 🏆 5. / 83 Read more »
NZ indicates PM's home deposit plan will suit a ‘niche’ market | Sky News AustraliaAs Prime Minister Scott Morrison defends his first home buyers plan, experts are shedding light on how a similar scheme has been working in New Zealand. \n \nOne mortgage broker has told Sky News that a policy, which has been in place since 2003, has had a ‘lukewarm’ response, with just 10 per cent of first home buyers using the scheme. \n\nCraig Pope says it fills a ‘niche’ group of people: those unattractive to the banks but who can fulfil their repayment obligations. \n\nWhile the scheme in New Zealand requires a 10 per cent deposit, the plan announced by Mr Morrison, and backed by Labor, would allow first home buyers to purchase a house with just a five per cent deposit. \n\nImage: News Corp Australia \n\n\n It works in New Zealand, but has low numbers using it due to the overpriced housing market and unrealistic expectations of firsthomebuyers
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Kate is trapped in the 'mercenary' rental market — and she's not aloneWhen Kate was in her early 20s, buying a house was the last thing in her mind. Decades later, the 44-year-old single mother is regretting becoming a lifelong renter. Maybe Kate should have made better life decisions. Starting with a fine arts degree. What were you thinking. Should have become an engineer or architect. Kate enjoyed an easier life while others were banging away at their mortgages. No sympathy here! It’s easy to have a go at investors but they are the people putting a roof over your head. They are the people who have to deal with crappy tenants who damage properties or stop paying rent! Without these investors you would be on the street. Look no further than the FamilyCourt as the reason why there are so many people renting.
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Uber shares fall further following Wall Street debut | Sky News AustraliaUber shares have plummeted even further on Wall Street after its disappointing stock market debut.\n\nValue is being driven down by investor concerns about the company's ongoing ability to turn a profit. \n\n\n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Glaring issues with new first home buyers schemeYesterday Prime Minister Scott Morrison revealed his $500 million First Home Loan Deposit Scheme, which is a promise that first homebuyers will only need a 5 per cent deposit to buy a home. Well, experts have warned of glaring holes in this new scheme. This is a blatant lie on ur part. It is a Top Up loan facility LiberalAus SkyNewsAust SkyNewsAust What, another subsidy to lift prices for a select few? Oh, and leave people vulnerable to negative equity. What a poor initiative LNP auspol ausvote2019 just ditch negativegearing subsidy. Better ways to spend revenue, like infrastructure
Source: newscomauHQ - 🏆 9. / 77 Read more »
Govt’s first home buyers scheme comes with ‘huge risk’: William Bourke | Sky News AustraliaThe government’s newly-announced first home buyers scheme comes with ‘huge risk’, according to the founder of the Sustainable Australia Party, William Bourke.\n\nThe Coalition's policy, which has been matched by Labor, would allow people to buy a home with just a five per cent deposit.\n\nMr Bourke says as the housing market flatlines, the guarantee could create a debt trap, with that debt then falling back on the taxpayer.\n\nThe minor party leader told Sky News that politicians are sending ‘very mixed messages’ with their housing policies, as they are legislating for affordable housing while simultaneously trying to boost housing prices.\n\nImage: News Corp Australia\n\n\n\n\n Who? Great to see they are getting more publicity , they are the only party willing to tackle our lack of policy on population growth & given all the climate change talk, health care issues its ridiculous no oneelse is brave enough to address our world beating population growth Banks aren't going to lend to people who don't pass their affordability criteria no matter how low the deposit is. All this will do is get people who can afford a home loan into the market quicker. Hardly a 'huge risk'
Source: SkyNewsAust - 🏆 7. / 78 Read more »