I’m keen to warn you about a scam which my lovely, kind mum so nearly fell for. It was incredibly believable. Someone pretends to be you but on a different number, contacts someone close to you and asks them to quickly pay a bill for you before you pay them back. Mum in green 👇🏼
My first Substack on Aussie housing.
It's a data driven deep dive on highly leveraged households (6x or more debt to income) & various rate scenarios, as well as the backdrop of the broader situation.
Please consider sharing/retweeting if you like it
https://t.co/5i2U3S8RLa
@AvidCommentator Really insightful, thanks. I haven’t seen ‘household formation’ talked about as a driver of prices simply because it’s hard to quantify. Keen to see more on this.
With June 30 only a couple of days away we are reminding our customers to be extra vigilant during this busy period. Businesses may be subjected to heightened levels of cybercrime during busy periods, like the EOFY. At @ANZ_AU we’ve created an infographic to help businesses.
@AvidCommentator I’m interested to see what data there is on price elasticity for rentals. Most assume that, as rates go up, rents will go up to compensate. This article seems to imply there is a rental ceiling…if there wasn’t they wouldn’t be making a loss?
Two stories playing out across Australia. 1. Wealth benefiting from cheap money. 2. Poverty exacerbated by inflation |Society weakens as the divide widens| https://t.co/zeBn7Zy1R0
@AvidCommentator Ineffective regarding inflation perhaps, but not without significant impact to those who are already just scraping by. Unfortunately monetary policy can’t discriminate here so we are likely to see a two tier economy develop.