If you need a reliable, accurate, thought provoking and informed economic forecasting at both local and international levels, look no further. Informed by Stephen's exceptionally broad experience and background, his
Race horse ownership hit a record high in 2016-17, with Syndications giving an increasing number of people access to a share in a racing thoroughbred.
In 2016-17, there were 79,631 owners of a race horse or a share in a race horse. This is up 0.9 per cent from the number a year earlier and up a healthy 16.8 per cent from the level 5 years earlier in 2011-12.
The nature of horse ownership is changing. The number of registered horses to have 10 or more owners rose to a record high of 1,736 which represented 15.3 per cent of all registered horses. Just think of it, one in seven horses running around Australia’s race tracks is owned by 10 or more people. Back in 2005-06, there were only 659 horses with 10 or more owners, which was just 4.8 per cent of all registered owners.
Every man, woman and their dog was blown away with the massive 1.2 per cent rise in Australian retail sales in November. It was enough to spark a sell-off in the bond market and a jump in the Aussie dollar.
The ABS noted in the release that the surge was influenced by the release of the iPhoneX which at around $1,500 a pop, was a big enough issue to mention.
Of course, the iPhoneX was released around the world at the same time in November which prompted me to have a look at the retail sales results in other parts of the world – to see if the iPhone effect was important elsewhere or just confined to Australia.