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Archive | September, 2010

Property prices are sky-high

Domain.com.au Simon Johanson September 27, 2010 Goldman Sachs’s chief economist has weighed into Australia’s house price debate with an emphatic dismissal of a speculative housing ‘bubble’. But it is a verdict that comes with a sting in the tail: our homes are nonetheless overvalued by up to 35 per cent and we may have only [...]

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Leaps and bounds: $A tops 96 US cents

The Age Chris Zappone September 27, 2010 – 10:20AM The Australian dollar bounded to a fresh two-year high this morning, bringing it closer to parity with the US dollar in the wake of a strong session on global financial markets. After hitting 96.24 US cents this morning, the dollar was recently trading at 95.97 US [...]

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New Zealand put new curbs on land sales to foreigners

thestar.com.my Published: Monday September 27, 2010 MYT 11:45:00 AM WELLINGTON, New Zealand: New Zealand’s government announced Monday it will place new controls on overseas investors buying large land holdings, reacting to growing public concern that the country is selling too much farm land to foreigners. New measures to assess the merit of foreign investment in [...]

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Prices of landed homes outside prime areas hit new high in Singapore

Channel News Asia By Mok Fei Fei | Posted: 27 September 2010 1726 hrs SINGAPORE : Prices of landed freehold units outside the prime districts have hit a new high in the third quarter of this year. Property consultant DTZ said prices of homes outside the prime areas inched up 1.7 per cent quarter-on-quarter to [...]

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Gold is the final refuge against universal currency debasement

Telegraph.co.uk By Ambrose Evans-Pritchard Published: 6:01PM BST 26 Sep 2010 States accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or steering currencies lower in an attempt to shift problems on to somebody else, each with their own plausible justification. Nothing like this has been seen since [...]

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House prices fall across all of Britain

Telegraph.co.uk James Hall Published: 11:22PM GMT 01 Jan 2010 House prices fell across all regions of the UK for the first time since April 2009, a new survey has warned. Demand for housing dropped by 2.9pc in September, which is the third month in a row that demand has fallen. The survey, by Hometrack, also [...]

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Foreign students want to stay back

Bernard Lane From: The Australian September 24, 2010 12:00AM Irate students may not go home. lawyer David Bitel warns TENS of thousands of foreign students may try to stay in Australia illegally now that stricter rules have dashed their hopes of permanent residency. “In two to three years’ time, what the government will find is [...]

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Barring catastrophe, interest rates likely to be high for many years to come- solid economics performance

The Asia September 27, 2010 The mining boom will lead to a tightening of monetary policy. IT’S a pretty safe bet we’ll get another rise in the official interest rate this year and several more next year. A rise next week is possible, though the Reserve Bank board has a tendency to change rates on [...]

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Tick-tock goes the housing market time bomb-imbalance of supply and demand

Michael Pascoe September 27, 2010 – 7:31AM A confluence of building approvals, housing price and population figures this week are likely to all point in one direction: the failure of housing policy in key markets to keep pace with the nation’s needs. And there’s no sign of that changing. In just three weeks, the Australian [...]

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Caution on Australian dollar parity

Olga Galacho From: Herald Sun September 26, 2010 9:36PM A RISE in the Australian dollar to parity with the US currency could slow activity in the economy but might spare home owners from interest rate rises next year. The Australian dollar has gained about US7 since September 1 to touch a 26-month high of US96$, [...]

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