The head of economic analysis for the RBA, Alex Heath, recently gave a talk in Brisbane calling into question the earning power of the next generation. He said automation and artificial intelligence will be able to perform a lot of the jobs we expect to
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Over 100 years ago, Mark Twain popularized the phrase, “Lies, damned lies and statistics.” It’s a saying that describes how people often try to bolster a weak argument using the persuasive power of numbers and statistics. I see this trick used often in commentary surrounding
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Results for week ending October 2. Thanks to the AFL and NRL Grand Finals and the Labour Day long weekend, auction volume across the combined capital cities was subdued this week. Only 853 homes were auctioned and the preliminary clearance rate dropped over 7
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Auction clearance rates in Melbourne and Sydney have been soaring over the past few months, especially in September. Even Adelaide posted a result above 80 percent. The Australian Bureau of Statistics (ABS) released property price growth data last week, and home prices grew 2 percent
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Results for week ending September 25. Auction volume increased substantially this week, aligning with the upcoming Grand Final and NSW Labour Day long weekend. A total of 2,445 auctions were held across the combined capital cities with a preliminary auction clearance rate of 78.3 percent.
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Let’s face it; it’s not the easiest time to be investing in real estate. Property prices are more expensive than ever before across most of the country, especially Sydney and Melbourne. The RBA kept interest rates at a record low 1.5 percent at its August
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Results for week ending September 18. Supply held relatively steady across the combined capital cities this week as 2,093 homes were auctioned, up from 2,062 last week. The number of buyers in the market appears to have jumped this week, with bidders posting a preliminary
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Last weekend in Kew, a leafy inner-eastern Melbourne suburb, a house sold for $4.8 million. That’s not particularly remarkable on its own, as the area is well regarded. It’s near great schools and has many classy homes in it. What did catch my eye though
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Auction Clearance Rate Results for Week Ending September 11. This week we saw a modest surge in volume, but not enough to cut significantly into buyer demand. The combined capital city auction clearance rate eased slightly to 76.4 percent, down from 77.1 percent the prior
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My first “real” job was as an Institutional Fixed Income Salesperson on a trading desk in Singapore at one of the world’s top five largest banks. That’s industry speak for “bond dealer.” Did you see the movie, The Big Short? That’s the world I
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