This week, Cotality released its housing affordability report for the September quarter of 2025, which reported abysmal affordability across the nation for both purchases and rent. In response, AMP chief economist Shane Oliver produced a report explaining how Australia’s mass immigration policy has eroded housing affordability by creating a structural imbalance between supply and demand.
A cracking CPI print has sent the Australian dollar soaring against USD while Asian equity markets have lifted strongly across the region. With the shortened trading week due to US Thanksgiving other risk markets are effectively in a holding pattern although oil prices continue to drip lower. Currency land continues to digest the growing possibility
The post Macro Afternoon appeared first on MacroBusiness.
Do you know how to trace the path your water takes before it comes out of your tap?
Can you name five edible native plants from your region?
Are you familiar with the lunar cycles and the growing seasons of your local plants?
Transcript of Steve Witkoff's conversation with Yuri Ushakov on October 14
[phone rings]
Steve Witkoff: Hi Yuri.
Yuri Ushakov: Yeah Steve hi, how are you?
SW: Good Yuri. How you doing?
YU: I am ok. Congratulations my friend.
SW: Thank you.
Man, you can never say never in markets. From FT Alphaville. Remember about a month ago, when gold hit an all-time high, lots of commentators got on their hobby horses to huff about currency debasement? Then another set of commentators called nonsense on that idea, saying gold demand was probably just dollar avoidance plus momentum?
The post Gold in them thar Tether appeared first on MacroBusiness.
Each year, the Auditor‑General releases a report assessing Victoria’s consolidated financial statements. The Victorian Auditor‑General’s Report on the Annual Financial Report of the State of Victoria 2024–25 has been released amid the state facing record debt levels, the threat of further credit rating downgrades, ongoing industrial disputes (e.g., teachers and health workers), and scrutiny over
