House prices are on the rise again after Scott Morrison's shock election victory erased fears of negative gearing restrictions. Median property prices rose 0.3 per cent in Sydney and 0.1 per cent in Melbourne in the week since the ballot after falls of 10 per cent this year. Buyers are flocking back to the market with the Commonwealth Bank saying it had the most home loan applications in 10 months last week. Scott Morrison promised no changes to negative gearing or capital gains discounts, which Labor promised to slash, so house prices are expected to rise Across the country, median prices fell 0.5 per cent in April with experts expecting that to level off and start rising again by July. Macquarie Bank attributed this to the election result, expected interest rate cuts, and the Australian Prudential Regulation Authority loosening loan restrictions. RELATED ARTICLES Previous 1 Next The ScoMo effect: The cities where house prices are expected... Fewer immigrants, cheaper … [Read more...] about Housing market is hit by the ‘ScoMo effect’ with the property price downturn FINALLY expected to end following the PM’s election victory
The election results
In lots of ways this is a complicated election. Derbyshire is not the same as Dundee, Birmingham is not the same as Bangor. Westminster sure isn't the same as Widnes - and London, maybe above all else, isn't the same as Linlithgow, Leeds or Ludlow. There are a multitude of contenders as well - not just the traditional parties, but the SNP and Plaid Cymru, the Brexit Party, what remains of the Independent Group for Change, moveable tribes of party defectors and a clutch of independents as well. But as we enter the last seven days of this election, in our first-past-the-post system, whether you believe it is the best or the worst of all worlds, the choice irrevocably, and inevitably perhaps, moves towards the two big teams - the reds and the blues, and the two big, flawed, characters of Boris Johnson and Jeremy Corbyn. At the start of this campaign we talked here about how, in a strange way, they are an odd couple who share some traits. And on the trail that has been shown, again and … [Read more...] about General election 2019: With less than a week to go, what’s changed?
Jo Swinson's campaign has got bogged down in questions about the campaign itself, and messages about the manifesto have struggled. Spending plans are ambitious, notably on childcare, but less so than Labour. There would be funding consequences for Holyrood, and some vague talk of "alignment". Among the big themes for change is much that would affect business, including a shift towards stronger employment rights. "In the brighter Liberal Democrat future, children will be happier". Liberal Democrats have produced a meaty set of policy proposals in their manifesto. The question for them in this election campaign remains: Is anyone listening?The dynamics of the campaign have given Jo Swinson less opportunity to match the two lead contenders for occupancy of 10 Downing Street.One or two-dimensional messaging on nightly news programmes has left her only the opportunity to sound strident about being against Brexit. It's been acknowledged that starting the campaign with talk of Ms Swinson … [Read more...] about General election 2019: Who’s listening to the Liberals?
French President Emmanuel Macron has suggested that failure to pick EU chiefs reflects ongoing "political disagreements between the countries" within the bloc. “We have ended today in failure, it’s a very bad image for both the Council and for Europe. It is clear that this failure is down sometimes to some personal ambitions”, Macron told reporters on Monday. He expressed hope that a relevant agreement will be clinched on Tuesday, saying that “we know who are the credible candidates for top European posts”. Croatian Prime Minister Andrej Plenkovic, for his part, underscored that “everything is open” in the process of choosing candidates for the EU’s top jobs. The remarks come after European Council President Donald Tusk suspended the meeting of the EU leaders and scheduled it to reconvene on Tuesday, according to Tusk's spokesman Preben Aamann. "Tusk @eucopresident suspends the meeting and reconvenes #EUCO tomorrow at 11h", Aamann said on … [Read more...] about Macron: Failure to Choose EU Chiefs Result of Divisions Within Bloc
Germany's far-right Alternative for Germany (AfD) beat German Chancellor Angela Merkel's centre-right Christian Democratic Union in a regional election in the east of Germany, according to an ARD exit poll. The far-left incumbent party Linke came first, polls showed, in the eastern state of Thuringia, making AfD the second strongest party in the state after rising 13 percentage points there. After gaining seats in the national parliament for the first time in 2017, the AfD is trying to build momentum in the east and campaigned in Thuringia for "Wende 2.0", adding an 'updated version' to the word used to describe the fall of East German Communism. "The sun is rising above the East and soon, we will let the sun shine above all of Germany," Bjoern Hoecke, the AfD's leader in the state, said after the release of exit polls. CDU General Secretary Paul Ziemiak talked of a bitter day for the party in Thuringia. Exit polls showed Merkel's party had dropped nearly 11 percentage points since the … [Read more...] about Germany’s far-right AfD comes ahead of Merkel’s centre-right CDU in regional election