Port Hedland locals feast on Pilbara property wreckage
Port Hedland's median house price has slumped 66 per cent in just four years. Erin Jonasson Port Hedland resident Craig Rowles counts himself as one of the lucky ones.He recently bought a home in the West Australian iron ore town for his young family for a staggering $810,000 less than what it sold for just four years ago.Mr Rowles, who works for Rio Tinto, and his partner, Erica, who is a teacher, bought a three-bedroom home on a 1089-square-m..>> view originalSydney house price growth slows in September
6 Viret Street, Hunters Hill sold for $11 million. supplied by Larry Schlesinger Sydney's auction clearance rate rose to 84 per cent over the subdued grand final weekend but September house price figures to be released on Monday will show price growth in Sydney almost halved in the first month of spring, in what could be the first sign of some heat coming out of the market.CoreLogic's Daily Home Value Index to Septe..>> view originalStrong currency the RBA's rate cut problem
The strength of the Australian dollar is the one element that may prompt the Reserve Bank of Australia to cut rates soon, although most economists say there will be no more rate cuts this year.The central bank meets on Tuesday and given growth is strong, commodity prices have risen and the drag from the mining investment decline is fading, the market is pricing in close to a zero chance of a rate cut. Economists agree. The markets will be listening for any shift in tone from new RBA gover..>> view originalSuper's importance to retirement savings 'overblown'
Super makes up just 15 per cent of household wealth, the Grattan Institute says Karl Hilzinger The importance of superannuation in saving for retirement is "overblown" and lifting compulsory contributions to 12 per cent could force people to squirrel too much away, the Grattan Institute says.Super makes up just 15 per cent of household wealth and the average Australian saves as much outside the super system in things like property, trusts and..>> view originalDeutsche execs to head to US - reports
Deutsche Bank executives are heading to the United States in the coming days to negotiate a settlement over a fine of up to $US14 billion ($A18 billion) for misselling mortgage-backed securities, the Frankfurter Allegemeine Zeitung reports.The potential fine, announced two weeks ago, has sent shares in Germany's biggest lender into freefall.On Friday, the stock partially recovered after a media report that the two sides were close to a settlement of $US5.4 billion.The FAZ did not cite any source..>> view originalDonald Trump's leaked tax returns reveal $6108 salary
Oh, that ordinary American taxpayers, about whom Donald Trump professes to worry sooooo much, could get a deal like a 1995 bonanza by which the US taxman gave the Republican presidential candidate a truly remarkable gift – a deduction so massive that he quite likely paid no federal income tax for almost 20 years.It can reasonably be rounded to $US1 billion. The actual amount was $US916 million. And on the basis of three key pages extracted from Trump's 1995 tax papers and mysteriously mailed to..>> view originalAustralia increases shark tagging
New South Wales has come under pressure to act after a 17-year-old boy was bitten on the leg while surfing off Australia’s east coast last MondaySydney: The tagging and relocation of sharks off Australia’s most populous state will be sharply increased to protect surfers ahead of a busy summer season, authorities said Sunday, after a teenager was mauled in a recent attack.The New South Wales government has come under pressure to act after a 17-year-old boy was bitten on the leg while surfing off ..>> view originalSA blackout leads to push for national energy grid upgrade
The Hon Greg Hunt MP, Minister for Industry, Innovation and Science speaks at the AFR Innovation Summit. Jessica Hromas The federal and South Australian governments have called for new or upgraded connections in the national electricity grid to ensure energy security across the country, despite brawling over whether a recently closed SA coal-fired plant could have stopped the state-wide power blackout last week.Industry Minister Greg Hunt and S..>> view original
Friday, October 7, 2016
Port Hedland locals feast on Pilbara property wreckage and other top stories.
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