Markets

Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC

Economists have predicted Australian property prices will continue soaring throughout the remainder of the year on the back of record low interest rates. Sydney is expected to lead the market higher, with prices finishing the year 21%, or $216,300, higher. Meanwhile some economists warn the Morrison government’s loan guarantee scheme […]
Sydney property prices are tipped to rise by more than $216,000 this year – while experts say risky loans remind them of the GFC
Markets

An indicator that last blew up during the GFC is on the move again

The Reserve Bank of Australia (RBA) isn’t overly concerned about a recent spike in short-term US dollar borrowing costs, suggesting it’s not been driven by a perceived deterioration in creditworthiness in the financial system. It’s not a GFC-type event, in other words. “The recent spike does not relate to major […]
An indicator that last blew up during the GFC is on the move again
Markets

Why APRA’s home loan crackdown is unlikely to lead to US-style housing bust

Australia’s banking regulator, APRA, is cracking down on riskier home loan lending. Following the introduction of a 10% annual cap on investor housing credit in late 2014, it subsequently introduced additional restrictions on interest-only lending in March last year, announcing that these type of loans will be limited to 30% […]
Why APRA’s home loan crackdown is unlikely to lead to US-style housing bust
News

Science has found a link between the GFC and cancer deaths

The GFC did more than try to destroy the world’s financial markets. Medical researchers have now linked the economic crisis to more than 260,000 additional cancer deaths around the world. The cause is thought to be the stress of losing jobs and reduced health spending following the 2008 economic slump. […]
Science has found a link between the GFC and cancer deaths