Australia press: "Tough road ahead in Australia housing"

Author: Eamonn Sheridan | Category: News

Well so far today's Asia FX action sucks. 

Scanning some of the info around the place, this in the Australian Financial Review, reporting on an assessment from a building products group:  
  • Metroglass is the third-largest glass processor in Australia
  • chief executive Simon Mander comments
  • expects more declines in the number of housing starts in 2019-2020
AFR goes in with some of the glimmers of positivity for the sector:
  • A loosening of regulatory controls by the APRA
  • election victory by Prime Minister Scott Morrison … means an end to uncertainty about negative gearing changes
Adds:
  • prospect of interest rate cuts by the Reserve Bank of Australia to try and kick-start a sagging economy, which while a positive for borrowers is a signal of an economy battling to re-gather momentum
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