Reserve Bank of Australia, First Central Bank to “Pause” then “Un-Pause,” Hikes Again, Warns of More Hikes. QT Continues by Wolf Richter • Jun 6, 2023 • 44 Comments Markets surprised by hike and hawkish tilt on fears about inflation expectations and surging labor costs without productivity gains.
Popping Housing Bubble in Australia “Remains Orderly.” Prices Down Nationally from Year Ago. Sydney -8.6% Year-over-Year by Wolf Richter • Oct 31, 2022 • 79 Comments “So far, we haven’t seen any evidence of panicked selling or forced sales”: CoreLogic.
Australia Housing Bust Spreads, Accelerates. Prices in Sydney & Melbourne Fall Below Year-Ago Levels, Sales Plunge by Wolf Richter • Sep 3, 2022 • 154 Comments Biggest monthly drop in national home price index since 1983.
Australia’s Housing Downturn Accelerates: In Sydney, Sharpest Price Drops “in Almost 40 Years” by Wolf Richter • Aug 1, 2022 • 65 Comments Sales volume plunged in Sydney and Melbourne. Rate hikes bite, yet the Reserve Bank of Australia just started hiking.
Bank of Japan Stops QE, Reserve Bank of Australia Starts Tapering, Bank of Canada & Bank of England Already Tapering, Amid Shock-and-Awe Rate Hikes in Emerging Markets by Wolf Richter • Jul 6, 2021 • 167 Comments The Fed is a laggard, now discussing when and how to taper QE. The ECB is an even bigger laggard, as inflation begins to rage.
Australian Construction & Real-Estate Development Giant Grocon Hits Wall, amid Industry Swoon that Started in Mid-2019 by Nick Corbishley • Nov 22, 2020 • 26 Comments The Pandemic accelerated the mess.
Australia’s Construction Industry Faces “Bloodbath,” Says Lobbying Group Clamoring for Bailout, after Riding up the Housing Bubble by Nick Corbishley • Aug 21, 2020 • 64 Comments Alas, the housing construction bubble burst long before the Pandemic.
Australia’s Construction Industry “On Brink of Collapse”: Started Going to Heck Last Year, Now Comes COVID-19 by Nick Corbishley • Mar 22, 2020 • 73 Comments Bailouts, please!
Epic Construction Downturn Grips Australia by Nick Corbishley • Feb 27, 2020 • 37 Comments The bushfires were just the latest problem: The slump started well before them and also affects states unaffected by them.
Australian Construction Giant CIMIC Writes Off Disastrous Arabian Adventure, After Being Bludgeoned over Opaque Debts by Nick Corbishley • Jan 24, 2020 • 27 Comments Shares plunged 20% on the spot, and are down 44% in nine months.
