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31-01-2024, 02:47 PM | #2911 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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Quarterly inflation came in at 4.1%, lower than the forecast 4.5%. Probably safe to assume rate cuts will be coming sooner rather than later.
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31-01-2024, 02:53 PM | #2912 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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Albonomics working then.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. |
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31-01-2024, 03:35 PM | #2913 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,375
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progressively making people poorer by the day. But leave Albo alone, Im sure he's due his next holiday soon and he has a plan which he'll work out poolside.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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31-01-2024, 03:45 PM | #2914 | ||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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Maybe in his spare time he’ll figure out what bracket creep is?
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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02-02-2024, 07:29 PM | #2915 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,434
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They surely hold, I don't see a cut at all but who knows with the RBA.
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02-02-2024, 10:24 PM | #2916 | ||
The 'Stihl' Man
Join Date: Jan 2005
Location: TAS
Posts: 27,585
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I can't see cutting either. Even the abc was sprouting economic recovery which is madness getting excited about 4% inflation rates...hold maybe but they should be still going up.
There is still fat everywhere somehow and in most states prices on the up but I get more suspicious about this data by the week.
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04-02-2024, 11:58 AM | #2917 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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Inflation may not be over get.
Diesel is up. Anything that gets imported by ship is about to face a price increase. Warfies just scored a 23% pay rise. Heard port fees have jumped aswell. Assume shipping fees will jump too given the long route now required. Tasman Butchers just told me price of whole lamb has gone up, they are now selling their $6.50/kg leg lamb at a slight loss. Dollar fell though.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. |
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04-02-2024, 12:09 PM | #2918 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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At the current rate of fall (1.3% per quarter), we're only half a year away from being BELOW the CPI target. If the next quarter doesnt show a slow in that decline, I think we'll see cuts by June.
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04-02-2024, 03:24 PM | #2919 | ||
Donating Member
Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,307
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Listening to macca on the abc this morning, and he has an economic advisor, (can't remember his name) and he is currently in the States. His view was that the employment rate in the States is still high and therefore there's no way the federal reserve will decrease rates there any time soon. And he believes that's enough to influence the rates here. So, he can't see rates here moving any time soon.
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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04-02-2024, 03:37 PM | #2920 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,361
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Interesting comparison. I hope it’s a while before our economy apes too many trends of the US.
As to people reducing expenditure - or pretending to - my impression is, they’d stopped pretence by about the last Bathurst weekend. iPhones and big TVs are still flying off the shelves at places like JB. Have felt a few “news” articles read in recent months were basically trying to hector the Reserve Bank into a rates cut. On the construction side, still seeing incompetent Chinese-run builds around me. Elapsed times are ridiculous - two years plus for some - and scheduling is not there; windows being retrofitted rather than built in. Always a near certainty for water ingress later. |
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04-02-2024, 03:48 PM | #2921 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,658
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Quote:
Spending trends are hardly an accurate barometer of the economy. Class divide is real in Australia.
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UA2 TREND 4WD BI TURBO |
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04-02-2024, 05:32 PM | #2922 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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Yep. Mate of mine says his business has never been better, and his clients are spending up big. Meanwhile, I've seen the opposite. Half our contract customers have either significantly reduced their spending, or are simply gone, either in search of cheaper manufacturers, or simply closed down. And I'm getting hassled by sales people like never before trying to drum up business. But there's no business to drum up, we close our doors in 4-6 weeks....
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04-02-2024, 07:00 PM | #2923 | |||
Donating Member
Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,307
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Quote:
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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04-02-2024, 07:17 PM | #2924 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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05-02-2024, 10:49 AM | #2925 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,375
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I know it sounds morbid, but I check the ASIC public notices every day to see what is happening with companies and what companies are in trouble or restructuring. There are at least 40-50 new businesses listed every day nation wide. That number is slowly growing too. It is extremely hard to continue to run a business, keep people employed and still keep ahead of the financial game while trying to support your family. I feel for anyone now and in the months to come.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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05-02-2024, 11:00 AM | #2926 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,361
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I spoke with a sublet works contractor today, back in December they were “Sorry, too busy; call us in January”.
Now it’s “We’ll have a look this afternoon with a view to starting tomorrow”. They being attached to the housing industry, I’m genuinely surprised. It’s a domain where rework usually finds their business well. |
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05-02-2024, 11:09 AM | #2927 | ||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,552
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Having a couple of weeks ago been to Briz/Gold Coast stopping overnight at Coffs on the way up.
I was impressed how much building is going on incl Coffs. Briz is a madhouse as many would know, GC the same. Since I have been dealing with a bathroom reno and getting hold of Trades that I know are so so flat out. The Plummer I know based on the Central Coast is snowed and upon coming to my place said he with his grew is considering heading up north, even to GC/Briz for his mate up there has siad there is so much can't get enough Trades and I'm not surprised with the ongoing Gov city upgrades and weather disasters. Another young local chippy we know moved to Bryron to cash in on all the work that available from there to Sunshine Coast. Suppose just depends what Industry your in. My mechanic Sydney mate - has been flat out ever since the beginnings post covid. Min 2/3wks in advance booked out depending the type of work your car needs.
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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05-02-2024, 11:29 AM | #2928 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,375
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Quote:
__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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05-02-2024, 11:42 AM | #2929 | ||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,552
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yes motor game is sailing along in all fields.
As for housing, we see X developer going down but all that supply or get work from are gun ho as well that I see and hear. As mentioned sorry to see b0son - not really understood what your into as mentioned but a real shame, all the very best..
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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05-02-2024, 02:47 PM | #2930 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
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Construction is at full steam here in SA, however, our builder is prioritising more lucrative builds over contracts signed off on months prior.
As it stands we are 2.5yrs from signing with what looks to be another 6 months to completion, meanwhile, the block of townhouses next door that saw a considerable price rise over ours for the same design has progressed much further. We've fired off please explain emails with no response and now 3 of 6 in our block are investigating legal action to recover costs incurred due to the unacceptable delays. My poor Daughter and partner are now living in a small bedroom with their newborn instead of settling into their new home that we were assured would be finished by xmas last year and prior to her giving birth. |
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05-02-2024, 04:40 PM | #2931 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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Our builder has very front-loaded contracts... 90% payment required with maybe 70% of the work complete. Little wonder when they received the 90% stage payment, and everyone else's (they're building maybe a dozen houses in our estate on adjacent streets), they all but ground to a halt to concentrate on slab and framing a couple of new builds that started 6 months after us.
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27-02-2024, 07:23 PM | #2932 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,224
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This will impact the Australian economy (and house prices)
https://www.macrobusiness.com.au/202...-in-free-fall/
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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27-02-2024, 07:29 PM | #2933 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,375
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Quote:
__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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27-02-2024, 07:34 PM | #2934 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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Quote:
Hit the nail on the head right there...and it's exactly the reason ol' Winnie has us bent over a barrel on this one.
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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27-02-2024, 08:57 PM | #2935 | ||
Purveyor of fine filth
Join Date: Feb 2024
Posts: 316
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I am so happy this little lizard has been found again:
https://www.theage.com.au/national/v...27-p5f851.html |
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27-02-2024, 09:15 PM | #2936 | ||
I use brain. Not hip.
Join Date: Aug 2005
Location: Qld
Posts: 1,402
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TLDR
Au is still the place the world wants to move to Time in China convinced me of that While ever that is the case immigration levels are high prices will outstrip demand No end in sight AFAI can see Unless world economy crashes More than possible in 2024 Come to think of it. ANYTHING is possible in 2024 |
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27-02-2024, 09:17 PM | #2937 | |||
Purveyor of fine filth
Join Date: Feb 2024
Posts: 316
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Quote:
Couldn't agree more. |
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02-03-2024, 03:04 PM | #2938 | ||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,443
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No they are not, no one sells their produce at a loss unless they have declared bankruptcy and are having a fire sale.
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The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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02-03-2024, 03:34 PM | #2939 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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Quote:
Though in this particular instance, it wasn't intended to be a sale or stunt. Prices did fall through the floor around Nov 23, but has since shot back up. Who am I to argue with the butcher? Was brief only.....$6.50 - $7.50 is long gone now, they did try to hold on for a while.
__________________
~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. |
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02-03-2024, 10:16 PM | #2940 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,361
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I’m showing my age; in the eighties and nineties the terminology for such promotions was “loss leader” and retailers worked with the wholesaler over how the temporary deficit on a headline product was carried.
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