The Reserve Bank of New Zealand has delivered 3.25% of interest rate cuts since July 2024. This reduction in the OCR has delivered a corresponding decline in new mortgage rates to pre-pandemic norms: Normally, such a sharp reduction in mortgage rates would result in a lift in homebuyer demand and prices. However, as illustrated below
European Union members have set a new and binding 2040 climate target of reducing net greenhouse gas emissions by 90 per cent compared to 1990 levels.
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From the Market Ear: Stuck SPX remains stuck inside the range that has been in place since September. Bull flag and a break out, or a double top? We aren’t getting excited until we break out of the range. Until then, treat this as a mean-reverting market. Stability… …at these levels, but dealers turn short
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One of the country's biggest solar farms has reached full commercial operations, after being built well ahead of schedule.
The post One of Australia’s biggest solar farms, in heart of Queensland coal country, reaches full commercial operations appeared first on Renew Economy.
Financial close has been reached for the four-hour big battery next to Australia's biggest wind farm, paving the way for construction to start.
The post Financial close reached for four-hour big battery to be built next to Australia’s biggest wind farm appeared first on Renew Economy.
BHP to sell $A3 billion stake in remote, stand-alone electricity network that is the backbone of its Pilbara mining operations to an offshoot of BlackRock.
The post BHP sells stake in critical Pilbara power network in deal with global fund giant appeared first on Renew Economy.
When Australia closed the book on the 20th century, the median home at a national level could be purchased by a household with a median household income. The typical mortgage consumed 25% of gross income, assuming they had the cash for a 20% deposit, stamp duty, and other transaction costs. This marked the last ‘hurrah’
The post Australia needs 1.9m new homes ASAP appeared first on MacroBusiness.
Neoen is to double the size of its first Queensland battery, making it the biggest in its Australian portfolio.
The post Neoen to double size of Queensland battery to 2,300 MWh, its biggest in Australia appeared first on Renew Economy.
The ABC’s Ian Verrender neatly summarised the forms of East Coast gas reservation being considered by the Albanese government as it attempts to overcome a pending supply shortfall: Those in the know say the federal government is considering two options. The first option is that each of the exporters must supply a certain quantity of
The latest Statement of Monetary Policy from the Reserve Bank of Australia (RBA) forecast that the official unemployment rate would remain around its current level until the end of 2027: With “full employment” being one of the RBA’s mandates (the other being “price stability”), an increase in unemployment significantly above the forecast implies an increased
When China first began its meteoric rise to unparalleled industrial superpower, there were nations around the world who saw the Middle Kingdom’s rise as an opportunity, a new market in which to sell their goods. And for a while, the relationship between China and, in particular, Europe was heavily defined by the rise of the
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Before Tuesday’s interest rate decision, financial markets anticipated that the Reserve Bank of Australia (RBA) would deliver one more 25-bp rate hike in 2026 amid rising inflation concerns. Tuesday’s NAB Business Survey for November suggested that Australia’s inflation is not as broad-based as thought and also pointed to a further softening of the labour market—both
Lithium-ion battery prices fall to record low, with grid scale storage plunging 45 per cent in the last year, new survey shows.
The post Lithium-ion battery pack prices for the grid plunge by 45 per cent in past year appeared first on Renew Economy.
Recent reporting, and my own experience, indicates that the federal Labor government is seriously considering an expansion in the size of the Australian federal parliament, echoing the previous expansions in 1948-49 and 1983-84. But they are yet to commit to the issue.
Conversations with figures in the Labor government suggest that they are hoping to gain bipartisan support for the change, but recent rhetoric from opposition figures suggest that is unlikely to happen, regardless of the merits.