Australian house prices back from the abyss – seven things you need to know about the Australian property market

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Key points The Australian housing market remains far more complicated than optimists & doomsters portray it to be. Yes, it’s expensive and heavily indebted but talk of mortgage stress is overstated & it’s been undersupplied. The combination of rate cuts, the election and a modest regulatory relaxation have helped turn property prices back up, but […]

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Weekly market update – week ending 6 September, 2019

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Investment markets and key developments over the past week Good news week! It certainly seemed that way for financial markets with a lot of relatively small positives – the US and China indicating that face to face trade war talks will start again next month, Hong Kong withdrawing the extradition bill, the UK parliament standing […]

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Nine reasons why recession remains unlikely in Australia

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Key points Australian growth is likely to remain weak over the next year. Expect further monetary & fiscal stimulus. However, while the risks have gone up, recession remains unlikely: tax cuts should help growth in the current half year; the threat from falling property prices has receded; infrastructure spending is booming; the low $A is […]

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Weekly market update – week ending 30 August, 2019

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Investment markets and key developments over the past week The past week saw share markets boosted by renewed hopes for US-China trade talks helped by a conciliatory approach from China. This saw US and Eurozone shares rise and Japanese and Chinese shares recover from earlier declines. Australian shares fell sharply early in the week but […]

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Weekly market update – week ending 23 August, 2019

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Investment markets and key developments over the past week The past week saw a roller coaster ride in share markets with sharp falls after China responded to Trump’s latest tariffs by letting the Renminbi fall in value and ordering state owned enterprises to halt agricultural imports from the US and the US responded by labelling […]

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Weekly market update – week ending 16 August, 2019

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Investment markets and key developments over the past week The past week saw share markets remain under pressure as the trade war rolled and Chinese and German economic data was weak leading to an intensification of global growth fears particularly after declining US bond yields saw a further inversion in the US yield curve. While […]

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Weekly market outlook – week ending 9 August, 2019

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Investment markets and key developments over the past week The past week saw a roller coaster ride in share markets with sharp falls after China responded to Trump’s latest tariffs by letting the Renminbi fall in value and ordering state owned enterprises to halt agricultural imports from the US and the US responded by labelling […]

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Weekly market update – week ending 2 August, 2019

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Investment markets and key developments over the past week It was back to “risk off” over the last week as the resumption of the US/China trade war, a less dovish than expected Fed and mixed economic data pushed global share markets down. The Australian ASX 200 followed the All Ords index to a new record […]

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Australian shares hit record highs – is the decade long underperformance versus global shares over?

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Key points The long time taken for Australian shares to regain their 2007 high and their underperformance compared to global shares this decade reflects a combination of payback after their strong performance last decade, tighter monetary policy, the strong $A into 2011, the slump in commodity prices and property crash phobia. High dividend payouts are […]

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Weekly market update – week ending 26 July, 2019

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Investment markets and key developments over the past week Share markets rose over the last week helped along by positive news on trade, a deal to resolve the US debt ceiling and reasonable US earnings. While Australian shares slipped on Friday, they rose through the week helped by the positive global lead with the All […]

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