JB Hi-Fi ultimately proved to be one of the COVID-19 winners even though its share price was trashed at the start of the pandemic when a heavy sell-off across the broader sharemarket meant it lost 40 per cent of its value.
Australia’s public purse missed out on $64 billion last year in tax revenue foregone due to the capital gains tax exemption on the principal place of residence.
The Chinese authorities’ drift on managing bad debts feels eerily like the impending subprime crisis in 2008.
Critics question why Hostplus was crowned Australia’s best balanced superannuation fund over one and 10 years, saying the rankings rely on unpublished valuations of unlisted assets akin to ‘‘marking your own homework’’.
The recovery in property prices, led by surging population growth and a severe housing shortage, could prove short-lived if unemployment rises and the Reserve Bank keeps the cash rate high, economists warn.
Australian households are yet to feel the full impact from the Reserve Bank’s tightening cycle on mortgage repayments, with economists tipping the first half of 2024.
Thanks to the Reserve Bank of Australia’s extraordinary decision to hammer unsuspecting households with 125 basis points of mortgage rate increases in just two months (from May 4 to July 6).
The number of distressed residential listings jumped by more than 10 per cent across NSW in June over the previous month, as vendors struggled to get a sale amid low demand triggered by higher interest rates.
