Australian housing affordability is at an all-time low. At the end of 2024, the percentage of income necessary to satisfy median-sized mortgage repayments reached a record high of 50.6%. Rental affordability also dropped to a new low, making it tougher for first-time buyers to save a deposit. Prior to last month’s 0.25% interest rate reduction
It’s a triumph! Australia’s energy shortages have been resolved. Except when you look at how. From the AEMO. Shortfall risks under peak conditions are forecast in southern Australia from 2028, later than forecast in the 2024 GSOO due to expected falls in residential, commercial and industrial consumption of gas, and the delayed retirement of Eraring
DXY and EUR stable. AUD downish. Lead boots are made for walking. Gold has entered some kind of new up smash. Copper doom is here thanks to Goldman. Meh everything else. Big miners meh. EM maybe. Credit surged. Oh dear. Yields down. Stocks up. Is it a sort of Fed put? UBS. Dare anyone say
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We are now less than two months away from the last possible date for the 2025 Australian federal election, so it seemed to be about time to take down the paywall around my federal election guide. But I am also launching another election guide behind the paywall, my first for 2026.
Last month, the Australian Bureau of Statistics (ABS) released the Q4 2024 wage price index, which increased 0.7% for the quarter and 3.2% year on year. The 0.7% quarterly increase was the equal-lowest growth rate since Q1 2022, while the 3.2% annual increase was the lowest since Q3 2022. Real wages deflated by headline CPI
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Russian President Vladimir Putin and his US counterpart, Donald Trump, trust each other, Kremlin spokesman Dmitry Peskov has said regarding the two leaders’ phone conversation on Tuesday.
Uncertainty has returned for stock markets here in Asia in response to the stumbles on Wall Street overnight with local stocks ending up lower. The USD is trying to fight back as it remains weak against Euro and Pound Sterling although the BOJ hold today helped it keep Yen lower this afternoon, as traders await
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