Further hit to Australian property as China intensifies capital controls

Mortgage stress in WA

But also,
NSW lowest unemployment rate ever of 4.34pc

VIC lowest unemployment rate ever of 4.15pc

Job vacancies at nearly ¼ million (>1.8pc of the LF, highest ever share)

2.8 unemployed persons per vacancy, decade lows

On the other hand... could change

 

The problem might be is it’s all part-time/casual jobs being created. Not the full-time secure employment that strengthens underlying fundamentals.

 

Latest figures don't seem to support your claim, where do you get your data from?

Year starts with a surge in full-time jobs as unemployment rate holds steady

The nation added 39,100 jobs in the month. Of that, 65,400 were full-time jobs while the number of part-time jobs fell by 26,300.

Over the past year, the ABS noted 236,100 full-time jobs have been created while 35,200 part-time positions have come on to the market.

https://www.theage.com.au/business/...oyment-rate-holds-steady-20190221-p50z9n.html

 

I remember it from the previous figures not the latest ones and it had been an ongoing trend of Aus turning into a gig economy.

 

From January release:

“All the increases were in part-time employment which masked the drop in full-time employment”

Australia's jobs report beats, unemployment falls to 5%

 

Pretty sure its been big problem since 2013 , from memory about 40% new jobs were part time and came with no entitlements like holiday pay ,sick days and absolutely no job security.
Just a tap on the shoulder , we wont be requiring your sevices after today.
Then when work picks up again in a couple of weeks ,they find another casual.

 

I expect that seasonally there would be alot of casual positions available during Xmas period in retail, logistics and catering among other industries that might explain this?!?

 

It's a two speed economy. Melbourne, ACT and Sydney are doing well. Elsewhere...not soo much!!! Vacancy rates vary by state as well.

I'm a fan of Perth and think it will do well in the long run. However, Perth has gone down under the radar in terms of falling prices. I know Perth peaked in 2014 but it's still on the decline regardless of slightly improved rental vacancy rates.

 

In more bad news today Chinese authorities in Dalian have banned Australian Coal.
Other countries seem unaffected , and follows a big downturn in December for our coal and long delays through Jan and Feb.
Its mainly based around coking coal , but hopefully it wont escalate to other ports and and thermal coal

Chinese officials ban Australian coal imports