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Oliver's Insights
Oliver's insights is a special commentary by Dr. Shane Oliver, AMP Capital's Chief Economist, on issues and trends affecting the economy and financial markets. Dr. Oliver is supported by a team of economists dedicated to delivering timely commentary and the asset allocation decisions for AMP Capital's diversified product range.
Edition 14 - 18 May 2011
Edition 14 - 18 May 2011
Australian House Prices and Interest Rates
So far this year, the Australian residential housing market is off to a poor start. House prices are down approximately 2%, auction clearance rates are well below levels of a year ago and housing finance is weak. Is this the start of the Australian house price crash some have been predicting, or merely a correction after a near 20% gain in prices over the year to the March quarter last year? And what does it mean for interest rates?
Edition 13 - 12 May 2011
So far this year, the Australian residential housing market is off to a poor start. House prices are down approximately 2%, auction clearance rates are well below levels of a year ago and housing finance is weak. Is this the start of the Australian house price crash some have been predicting, or merely a correction after a near 20% gain in prices over the year to the March quarter last year? And what does it mean for interest rates?
Australia's Latest Mining Boom - Very Different to the Last One
The Federal Budget released this week is a good time to reflect on the Australian economy over the past year.
Edition 11 - 15 April 2011
The Federal Budget released this week is a good time to reflect on the Australian economy over the past year.
Booms, Busts and Investor Psychology
Up until the 1980s the dominant theory was that financial markets were efficient - in other words, all relevant information was reflected in asset prices and in a rational manner.
Edition 16 - 9 June 2011
Up until the 1980s the dominant theory was that financial markets were efficient - in other words, all relevant information was reflected in asset prices and in a rational manner.
Consumer Caution in Australia
Over the last year or so there has been much talk of consumer caution in Australia. This has been evident in sluggish retail sales growth of around 2 to 3% per annum, compared to a norm of just over 6% per annum prior to the global financial crisis. It’s also evident in a household savings ratio which has increased to 11.5% from zero or below just six years ago. So why have consumers become so cautious? What is the outlook?
Over the last year or so there has been much talk of consumer caution in Australia. This has been evident in sluggish retail sales growth of around 2 to 3% per annum, compared to a norm of just over 6% per annum prior to the global financial crisis. It’s also evident in a household savings ratio which has increased to 11.5% from zero or below just six years ago. So why have consumers become so cautious? What is the outlook?

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