Housing and Real Estate - Australia - July 2024

Source - Australian Government and CoreLogic Australia

Interest Rates

Three of Australia's Big Four banks have made a decision that some believe indicates the Reserve Bank of Australia (RBA) could cut interest rates this year. While RBA governor Michele Bullock warned Aussie homeowners not to expect any mortgage relief for the remainder of 2024, Commonwealth Bank (CBA), ANZ and NAB's movements suggest otherwise.

CBA has slashed its rates on all but one of its term deposit periods, with the 12-month rate falling by 60 basis points. NAB and ANZ have now followed this week, raising eyebrows that the RBA could be poised for a rate cut by December.

Canstar's director of data insights, Sally Tindall, believes banks are adjusting their numbers because they "don’t want to be locked in paying interest on term deposits at a rate that is ultimately unprofitable for them".

澳新银行 澳洲国民银行 Commonwealth Bank

Reserve Bank of Australia

Source - https://au.finance.yahoo.com/news/cba-anz-nab-make-major-move-amid-rba-interest-rate-cut-speculation-locked-in-223647645.html

1. Affordable housing - https://www.abc.net.au/news/2024-08-26/canberra-housing-cost-population-densifying-land-releases/104262610 ACT Government
2. 3D Housing - https://www.thestructuralengineer.info/news/australia-plans-for-the-construction-of-the-first-3d-printed-social-housing-units Contour3D
3. Modular housing - https://builtoffsite.com.au/news/modular-construction-aims-to-address-housing-shortage-in-queensland/
4. Generative AI - https://www.lismorecitynews.com.au/story/8739241/how-ai-can-boost-regional-australias-gdp-by-146-billion/ or https://www.fxmweb.com/insights/chatbots-in-the-public-sector-how-ai-driven-chatbots-are-reshaping-government-services.html
5. Infrastructure - https://www.nsw.gov.au/media-releases/new-agreements-deliver-296-million-of-road-repair-funding-just-three-months
6. Housing plan - https://www.sbs.com.au/news/article/key-takeaways-from-major-australian-housing-report/rkqesxrye
7. Green building - https://www.gbca.au/ Green Building Council of Australia
8. Net zero - https://finance.yahoo.com/news/australia-passes-net-zero-economy-105257005.html
9. Land Management - https://www.capitalbrief.com/article/could-singapore-hold-the-answer-to-australias-housing-crisis-maybe-maybe-not-7e61c823-4377-4bcd-ad00-b180e800453e/preview/ or https://www.forbes.com/advisor/au/personal-finance/property-market-update/
10. Taxation - https://www.brokerdaily.au/regulation/19332-gold-coasts-view-tax-isn-t-sitting-well-with-homeowners

Paul Young CPA CGA (1996)

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Paul is a former IBM Customer Success Manager that has deployed over 300 data and AI solutions across industry and geographies for the past 8 years. Paul is a Financial Planning, Analysis, and Reporting SME working with data including integration of macro and micro indicators as part of the integrated business planning and reporting cycle.

[email protected]

Seeking employment - https://www.dhirubhai.net/posts/paul-young-055632b_hi-all-linked-in-followers-and-contacts-activity-7199365291288506369-qGVf?utm_source=share&utm_medium=member_desktop

?Courses?—? https://www.dhirubhai.net/posts/paul-young-055632b_activity-7163302861974519809-ryf3?utm_source=share&utm_medium=member_desktop

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Blog – Key Stocks - https://www.dhirubhai.net/posts/paul-young-055632b_tesla-workday-cava-roku-intuit-peloton-activity-7233443652511903745-4nug?utm_source=share&utm_medium=member_desktop

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?What is next for the stock market - https://www.dhirubhai.net/posts/paul-young-055632b_why-the-stock-market-is-freaking-out-again-activity-7226611521848573953-UwYz?utm_source=share&utm_medium=member_desktop

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Stock Market for Week-Ending August 23 2024 - https://www.dhirubhai.net/pulse/stock-market-we-august-23-2024-paul-young-jr8ec/

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?Blog – ESG - 6 sustainability trends impacting commercial properties - Cushman and Wakefield - https://www.dhirubhai.net/posts/paul-young-055632b_6-sustainability-trends-impacting-commercial-activity-7231986282732609536-EvxE?utm_source=share&utm_medium=member_desktop

Challenges with Price Gouging Laws (Wage and Price Controls) - https://www.dhirubhai.net/pulse/challenges-price-gouging-laws-wage-controls-paul-young-4gtuc/

Stock Market - Australia - W/E August 23, 2024 - https://www.dhirubhai.net/pulse/stock-market-australia-we-august-23-2024-paul-young-b1w9c/

Stock Market for Week-Ending August 23 2024 - https://www.dhirubhai.net/pulse/stock-market-we-august-23-2024-paul-young-jr8ec/

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Stock Market - Australia (ASX) for Week-Ending August 16, 2024 - https://www.dhirubhai.net/pulse/stock-market-australia-asx-week-ending-august-16-2024-paul-young-o63fc/

?Stock Market for Week-Ending August 16 2024 - https://www.dhirubhai.net/pulse/stock-market-week-ending-august-16-2024-paul-young-1ynxc/

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Monthly Reports – Australia United States Canada and Province of Ontario - https://www.dhirubhai.net/posts/paul-young-055632b_australia-canada-unitedstates-activity-7224703167886737408-QSu3?utm_source=share&utm_medium=member_desktop

Here are my last reports on Australia, Canada, United States, and the Province of Ontario

Monthly Report – Australia – July 2024 and June 2024 - https://www.dhirubhai.net/pulse/monthly-report-australia-july-2024-june-paul-young-8epvc/#

Monthly Report – United States – June 2024 and July 2024 - https://www.dhirubhai.net/pulse/monthly-report-united-states-june-2024-july-paul-young-eqrsc/

Monthly Report – Canada – July 2024 and June 2024 - https://www.dhirubhai.net/pulse/monthly-report-canada-june-2024-july-paul-young-wnpkc/

Monthly Report – Ontario – June 2024 and July 2024 - https://www.dhirubhai.net/pulse/monthly-report-ontario-june-2024-july-paul-young-nqsuc/

Blog – Generative AI all Hype or not - https://www.dhirubhai.net/feed/update/urn:li:activity:7226829444668170240?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A7226829444668170240%2C7226832941979426817%29&replyUrn=urn%3Ali%3Acomment%3A%28activity%3A7226829444668170240%2C7226913222509936641%29&dashCommentUrn=urn%3Ali%3Afsd_comment%3A%287226832941979426817%2Curn%3Ali%3Aactivity%3A7226829444668170240%29&dashReplyUrn=urn%3Ali%3Afsd_comment%3A%287226913222509936641%2Curn%3Ali%3Aactivity%3A7226829444668170240%29

?Blog – New California Law – Data and AI - https://www.dhirubhai.net/posts/paul-young-055632b_california-ai-regulation-bill-advances-to-activity-7231623397464584193-dsDy?utm_source=share&utm_medium=member_desktop

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Blog – Magnificent 7 Big Tech Stock and the Great Sell off – Recession and Market Outlook - https://www.dhirubhai.net/posts/paul-young-055632b_magnificent-7-how-big-tech-stocks-have-moved-activity-7226835650367348736-KSGc?utm_source=share&utm_medium=member_desktop

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Stock Market – Australia – August 9 2024 - https://www.dhirubhai.net/pulse/stock-market-australia-august-9-2024-paul-young-ekbic/

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Blog – Stock Market – August 9, 2024 - https://www.dhirubhai.net/pulse/stock-market-week-ended-august-9-2024-paul-young-wmplc/

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Blog – Power Generation (Utility Sector) - https://www.dhirubhai.net/pulse/power-generation-electricity-analysis-commentary-february-young-oqy5e/

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