Higher-priced properties are typically the most volatile and sensitive to changes in interest rates. This volatility is illustrated by CBA below, which plots quarterly dwelling value growth for the most expensive homes against the least expensive homes. This greater volatility reflects the fact that the market for the most expensive homes is thinner and when
Ferrous pulling a Costanza in the last few days. Goldman remains bearish. While fundamentals are likely to remain supportive (specifically, consumption), providing a floor at $95/t, we expect stimulus headlines and anti-innovation policy- which drove the July short-covering rally – to disappoint. The readout from the July Politburo meeting was broadly in line with our
Last month the ABS announced that it would not be releasing the 2023-24 Survey of Income and Housing due to data collection issues. In the ABS’ own words: “Despite work to address these issues, the data did not meet the ABS’ high standards for official statistics and will not be released. This decision means that
The post Australia’s economic statistics fly blind appeared first on MacroBusiness.
Perhaps the most enduring mystery dogging the Albanese government is why it has taken no action to reduce gas prices. This one reform is such low-hanging fruit, so easy to do, with such immense economic upside, that the failure to act upon it is the single most toxic symptom of Australian political failure in the
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While the overall seat numbers in the Tasmanian House of Assembly have been very stable, that disguises more changes at the level of the individual MP.
For today’s post I am going to look at the statistics for how many MPs were replaced at each Tasmanian election, and how 2025 compares to the historical trend: MPs retiring before or at the election, or losing their seat, either to another party or to their own.
Wall Street rebounded overnight in what looked like a short covering exercise but barely managed to cover the Friday night losses while the USD remains on the ropes as it only moved higher against Swiss Franc as the likelihood of the Fed cutting rates much sooner increases. US Treasuries again saw further moves lower across
The post Macro Morning appeared first on MacroBusiness.
The latest temporary visa data for Q2 2025 from the Department of Home Affairs shows that the total number of student visas on issue in Australia fell marginally to 592,342, down from 608,262 a year prior. However, the slight fall in temporary student visas on issue was offset by the rise in graduate visas, which
The post Axe falls on private college ‘visa factories’ appeared first on MacroBusiness.
Moscow believes that conditions for maintaining the 1987 Intermediate-Range Nuclear Forces (INF) Treaty with the US have “disappeared” and “no longer considers itself bound” by it, according to a statement from the Russian Foreign Ministry.
The Kremlin has urged caution in making public statements involving nuclear weapons, following US President Donald Trump’s announcement that he has ordered the redeployment of two American nuclear submarines.
Last week, Trump said the vessels had been moved to “the appropriate regions” as a precautionary measure. The announcement came via his Truth Social platform.
The latest Australian Bureau of Statistics (ABS) national accounts showed that Australia’s manufacturing sector comprised a record low share of GDP. In Q1 2025, manufacturing’s percentage of GDP decreased to 5.1%, down from 8.9% two decades ago and 15% in the mid-1970s. Australia has the smallest manufacturing share in the OECD, making it one of
This is becoming a series. The point is that public figures now routinely refuse to engage with counter-arguments. I have another one not yet written about Nobel Laureate Brian Schmidt who did not respond to three polite emails from me. The latest intellectual weakling is Liz Allen, who is the go to pro-population growth demographer with media training (taking over from Peter MacDonald).