Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Institution: Australia’s budget appears unfavorable for consumption

Institution: Australia’s budget appears unfavorable for consumption

老虎证券老虎证券2026/05/12 23:15
Show original
A positive factor is the moderate tax relief. However, analyst Michael Simotas stated that adjustments to negative gearing and capital gains tax may drag down the wealth effect brought by housing value. He pointed out that the baby boomer generation, which usually shows strong demand, is particularly affected. Jefferies stated: "Due to reduced investment in existing homes, housing turnover may slow down, which will also have a negative impact on real estate-exposed stocks including JB Hi-Fi, Harvey Norman, Nick Scali, Metcash and Wesfarmers." Nevertheless, this may encourage the construction of new or completed projects, which have been lagging behind approvals for some time. Jefferies stated that this trend may become a favorable factor for Wesfarmers and Metcash to offset the negative impact.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

US insurance company Orion180 Insurance Group (OIG.US) to list on Nasdaq tonight, IPO priced at $12 per share, significantly below its offering range

Orion180 Insurance Group (OIG.US) has announced its IPO pricing terms, offering 20 million shares at $12 per share, raising $240 million, which is below the previously expected range of $15 to $17 per share.

智通财经2026/09/18 07:36

Bank of Japan Governor: Will continue to raise interest rates depending on circumstances; Middle East situation, AI demand, and exchange rates are key variables.

Kazuo Ueda stated that the underlying price trend is steadily approaching the 2% policy target. With both corporate wage increases and pricing behaviors becoming more positive, there is a risk that the inflation rate may exceed the target. He mentioned that there is no predetermined idea on the specific pace of rate hikes; policy decisions will be made after thorough discussions at each meeting, taking into account the timing and pace of any policy adjustments.

华尔街见闻2026/09/18 07:21

Pokémon card sales restriction triggers a "roller coaster": Japan's second-hand marketplace Mercari plunges before rebounding, Citigroup calls it "oversold"

A trading restriction on Pokémon cards has caused significant volatility in the share price of the Japanese online trading platform Mercari.

智通财经2026/09/18 07:11