The housing slump and the Reserve Bank’s war in inflation could take its toll on the proposed Westpac/St George merger. Westpac would be under pressure to cut costs by closing branches, sacking staff and rationalising banking infrastructure.
House prices
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Broker queries ABS take on housing prices
Depending on who you believe, housing prices are either on the up, or taking a plunge, writes Glenn Dyer.
House price growth slows, interest rates to hold
The growth in the price of established houses slowed appreciably in the March quarter, but nowhere near as sharply as the market had been expecting, writes Glenn Dyer.
Slumping US economy hits workers, car manufacturers hard
Make no mistake, no matter how the “better than expected” loss of 20,000 US jobs last month is spun - the figures are bad news for the US economy, writes Glenn Dyer.
Richard Farmer’s political bite-sized meaty chunks
Meaty snippets from the home of government plus the daily reality check and the pick of other people’s political coverage. Richard Farmer writes.
Richard Farmer’s political bite-sized meaty chunks
Meaty snippets from the home of government plus the daily reality check and the pick of other people’s political coverage. Richard Farmer writes.
Are highly leveraged homeowners about to crash?
Australian home buyers are living in some sort of fool’s paradise if they think that the affluent Sydney, Perth and Melbourne property markets are indestructible, writes Adam Schwab.
US Fed will cut rates as housing slide continues
The US Federal Reserve will cut interest rates tomorrow after getting a couple of reminders of the damage the housing slump is doing to the broader economy, reports Glenn Dyer.
Give me land, lots of land … the housing will follow
The Labor Party has claimed the federal government is causing housing unaffordability or mortgage stress. They claim this is created by high interest rates.
