Spark Your Fire (OZ Property/Crypto/Shares & Macro)

Weekly news wrap-up!

July 10, 2020

In this weeks news - 

1. APRA have recorded one third of home owners have taken up home loan deferrals and 10% of total loans have been deferred. Small business owners were the second highest cohort to engage in home loan deferrals according to data released by APRA on Thursday (source -https://switzer.com.au/the-experts/switzer-daily/5-things-you-need-to-know-today-177/ ).

2. RBA Governor Phillip Lowe confirmed that Australia is in the worst slump since the great depression of the 1930s. (source - https://www.abc.net.au/news/programs/the-business/2020-07-07/recession:-part-2/12432320?fbclid=IwAR28cx85_KiIxCIacPHgUVEr6K2BiUqVbOk30pZmGwB-3CNvc4U50F3ah10&nw=0 )

3. Home lending worst on record (source -  https://www.afr.com/policy/economy/home-lending-worst-on-record-but-pm-says-don-t-panic-20200709-p55akb )

4. Japan's bankruptcies jump 148% (source - https://www.bloomberg.com/news/articles/2020-07-08/japan-s-bankruptcies-jump-148-from-may-as-courts-reopen?utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_source=twitter ) 

5. Fujitsu to halve office space (source - https://www.japantimes.co.jp/news/2020/07/06/business/corporate-business/fujitsu-office-space-remote-work/#.XwRA_mozY0o ) 

6. Community asked for input to prepare blockchain roadmap ( https://cointelegraph.com/news/community-asked-for-input-to-guide-australias-blockchain-roadmap ) 

7. Unit rentals break 15 year record
https://www.smartpropertyinvestment.com.au/management/21363-unit-rentals-break-15-year-record

 


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