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Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts
Australia’s Energy Crisis Worsens As Gov’t Ask People To Keep Lights Off To Avert Blackouts Australia’s energy minister asked Sydney and the New South Wales (eastern part of the country) residents to turn off lights and energy-intensive appliances in the evening to prevent power blackouts due to an ongoing energy crunch, The Independent reports. The federal energy […]
Thousands of Homes in Sydney Plunged Into Darkness As Energy Shortage Plagues Australia
A stock image of an electricity tower going through a rural property in Sydney, Tuesday, October 17, 2017. (AAP Image/Brendan Esposito) AUSTRALIA Thousands of Homes in Sydney Plunged Into Darkness As Energy Shortage Plagues Australia Thousands of homes on Australia’s east coast were plunged into darkness on Monday as electricity suppliers struggled to meet demand […]
Sydney Sends In Military To Help Enforce Lockdown Amid Record Jump In COVID Cases
Sydney Sends In Military To Help Enforce Lockdown Amid Record Jump In COVID Cases Despite being locked down for nearly a month now, Sydney has just reported a record one-day rise in local COVID cases on Thursday as public health authorities warned that the outbreak would likely worsen, inspiring them to once again turn to the […]
Here Comes The Housing Bust “Reverse Wealth Effect,” Australia Edition
Here Comes The Housing Bust “Reverse Wealth Effect,” Australia Edition For the past few years, homeowners just about everywhere have been able to finesse life’s problems by thinking “at least my house is going up.” This home equity accretion allowed them to buy stuff on credit, safe in the knowledge that even as they maxed […]
Sydney playing risky and costly metropoly games amid oil price fears (part 1)
Sydney playing risky and costly metropoly games amid oil price fears (part 1) Sydney must be the only city in the world which closes its most modern heavy rail tunnel, 12.5 kms, designed for its ubiquitous double deckers and used by long distance commuters for an unacceptable long period of 7 months, only to be […]
Housing Bubble Pops in Sydney & Melbourne, Australia
Housing Bubble Pops in Sydney & Melbourne, Australia And with impeccable timing, an immense flood of new construction. In Sydney, breeding ground for one of the world’s biggest housing bubbles, prices of single-family houses dropped 7.3% in August, compared to a year earlier. Prices of “units” — condos in US lingo — fell 2.2% year-over-year. […]
So Bloody Predictable: Sydney Ground Zero in Interest-Only Mortgage Implosion
So Bloody Predictable: Sydney Ground Zero in Interest-Only Mortgage Implosion Australia’s housing boom is over. A recession is not far away. It’s “all so bloody predictable” says Australia Macro Business as Western Sydney Ground Zero in Interest-Only Mortgage Bust. Selling agents are starting to reveal the truth behind recent listings in Sydney’s west with Belle […]
A Housing Bubble Pops: Update on Australia
A Housing Bubble Pops: Update on Australia It is rare that a housing market makes such a beautifully defined U-turn, after a long hard surge. In Sydney, Australia’s largest housing market and one of the world’s biggest housing bubbles, prices of homes of all types fell 5.4% in July compared to a year ago, and […]
City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers
City Officials Struggle To Fend Off “Unstoppable Juggernaut” Of Chinese Homebuyers As we’ve pointed out time and time again, foreign – mainly Chinese – buyers seeking to park their ill-gotten gains beyond the reach of the Communist Party have – in addition to global capitals like New York City and London – favored a handful […]
Freak storm rips though Sydney with tornadoes, flooding, hail, 200kph winds (PHOTO, VIDEO)
Freak storm rips though Sydney with tornadoes, flooding, hail, 200kph winds (PHOTO, VIDEO) © Kang Seblak / YouTube A destructive storm has hit Sydney, Australia, bringing tornadoes, flooding, golf-sized hail stones, and up to 213 kilometer per hour winds, which caused serious damage, triggered evacuations, and trapped people indoors. A Sydney suburb was labeled a […]
Students pepper-sprayed by police at Christopher Pyne protest in Sydney CBD
Students pepper-sprayed by police at Christopher Pyne protest in Sydney CBD A group of university students protesting at a speech by Education Minister Christopher Pyne have been pepper-sprayed by police in Sydney. Some demonstrators were pepper-sprayed when about 40 of them tried to enter the Sydney Masonic Centre on Friday morning. Police sprayed a number […]
Sydney storm sparks fires and blackouts, as flooding reported in Southern Highlands – ABC News (Australian Broadcasting Corporation)
Sydney storm sparks fires and blackouts, as flooding reported in Southern Highlands – ABC News (Australian Broadcasting Corporation). A storm has caused delays and brought down trees and powerlines across the Sydney metropolitan area, while lightning sparked a fire at an inner city substation. Heavy rain, flooding and power outages were also reported across much […]
