Melbourne Property Market Update – August 15th, 2015
By Peter Sarmas on 15 Aug 2015
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In the RBA’s latest Statement on Monetary Policy, they explore the impact of off-set accounts on the total household debt outstanding. Martin North of Digital Finance Analytics reports on Australia’s housing credit.
Melbourne Crane Collapse Injures One
Disaster was narrowly avoided when a crane collapsed at a Melbourne construction site, leaving one person with minor injuries. Emergency crews were called to Southbank shortly before 4pm on Friday August 7 following reports of a loud crash in the area. What was responsible for the collapse?
In NAB’s Q3 2015 trading update they say that undiluted cash earnings were circa $1.75bn. 9% up on the prior corresponding quarter. Martin North looks at the data in this report.
ASIC Takes Action Over Deceptive Real Estate Ads
The Australian Securities and Investments Commission has issued four infringement notices against companies associated with a Perth-based property developer. Advertisements were published on various websites, a Facebook page, YouTube and on television between May and October last year. Advertisements claimed consumers could buy an investment property from “just $59 per week”. Read the full report.
The Labour party’s recently announced “aspirational target” policy for 50 per cent renewable energy by 2030 has everyone abuzz. Supporters of increasing the penetration of renewables are understandably excited while opponents claim that it will cause electricity prices to skyrocket. Learn more in this very interesting report.
Court Rules Against House Copycat
A judge has ordered a million-dollar far north Queensland home be changed after it was built to look the same as a house in the same estate. Justice James Henry found the building of the Port Douglas home violated copyright laws. Sourceable Industry News looks at the findings.
