CoreLogic’s latest monthly house price report shows that Melbourne is now the cheapest major capital city housing market with a median price of $772,561 as of 28 February 2025. Melbourne’s relative affordability follows a value gain of only 8.2% over the past five years, versus a 38.9% increase nationally. Melbourne-based real estate agent Adam Welling
The Australian Bureau of Statistics (ABS) released its estimated count of Australia’s dwelling stock as of Q4 2024. According to the ABS, the number of dwellings in Australia increased by 168,000 in 2024, up from 157,300 in 2023. The Albanese government’s housing target commenced on 1 July 2024 and aims to build 240,000 homes annually
The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) suggested that households remained in recession. Real per capita household consumption declined for a record eighth consecutive quarter. This followed a record 8% decline in real per capita household disposable income. On Thursday, CBA released its Household Spending Insights (HSI) for February, which
I posted two charts on Thursday showing the monumental task of transitioning Australia off fossil fuels. According to the federal government’s 2024 Australian Energy Update, only 9.4% of Australia’s energy consumption in FY2023 was from renewable sources. The breakdown of energy consumption by fuel source was as follows as of FY2023: Coal: 25.9% Oil: 38.9%
I have long argued that RIO’s treasonous Simandou mine is the Pilbara and QLD killer via crashing iron roe and coking prices. Increasingly, it is also a plain and simple killer of human beings. 13 worker deaths reported at Simandou since June 2023, sources and documents say Some safety guidelines not implemented, according to sources
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The Market Ear technicals still say buy! Inverse fear correction VIX is getting “sick” of the SPX move lower. Source: Refinitiv VVIX definitely not buying it VIX is muted, but VVIX is even more muted. Volatility markets showing green shoots of hope? Source: Refinitiv 12th of March = low point & turning point That’s it
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DXY is bank. Overcooked EUR in reverse. AUD went down with the ship. Led boots are made for stability. Oil down, gold up. Copper is the new gold. Miners are not. Nor EM. In better news for stock bulls, junk is breaking down. Yields fell too. The US PPI was soft. There’s still no sign
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On Wednesday, I posted charts showing the record decline in Australian real per capita household disposable income. Annual real per capita household disposable income fell for a record tenth consecutive quarter, down 8.1% from the Q2 2022 peak. The magnitude of this decline is illustrated in the following chart, which compares the current episode against
Prosper Australia was proud to join with Per Capita and a host of other organisations across the community sector in presenting the 2025 Community Tax Summit. Held in the richly historic Trades Hall, the Community Tax Summit was a two-day conference that brought together researchers, advocates, people with lived experience, and economists to examine how […]
Prime Minister Anthony Albanese announced in November 2024 that the federal government would forgive 20% of student debt if re-elected. The Greens took the proposal to the next level, vowing to forgive 3 million graduates’ student loans and make university and TAFE education free, at a cost of more than $120 billion over the next
In August 2024, the Actuaries Institute stated that rising home insurance prices were causing financial strain for 1.6 million Australian households. This marked an increase of 360,000 households under stress, or 30% over the previous year. According to Sharanjit Paddam, the lead author of the Actuaries Institute study, insurance premiums were rising faster than wages,