FULL 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.
Mr Koukoulas says both investors and property occupiers are 'shying away' from the housing market, triggering another two per cent decline in housing finance commitments. Despite 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.
TheKouk Someone with credibility enlighten me as to how the housing market will a) stop falling, and b) go back up.
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
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Business Brief: Trade drama between China and the United States continues | Sky News AustraliaChina is threatening to retaliate if President Donald Trump decides to deliver on his latest tariff threats.\n\nPresident Trump tweeted on Monday that tariffs of 10 per cent would rise to 25 per cent, later adding that $US325 billion ‘of additional goods sent to us by China remain untaxed, but will be shortly’. \n\nThe Whitehouse has brushed criticism that the tariff threats were escalating the trade war, claiming the US negotiation team was making progress.\n\nChief market strategist at InvestSMART, Evan Lucas, noted the pressure was on for China, as the $200 billion USD of tariffs along with the remaining $325 billion USD of Chinese imports would rise from 10 to 25 per cent.\n\nThe next round of trade talks are due to begin in Washington on Friday.\n\n\n\n\n Let’s all pray these negotiations fall through. If they drop tariffs our economy is in big trouble. Especially now Labor are planning to destroy our biggest export.
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