With the release of the latest ABS Building Approvals data, it was revealed that non-detached house approvals had risen to their highest level since June 2018, up by 34.1% month on month and 55.3% year on year to 8,463 for the month of November. Meanwhile, approvals for detached houses were up by 1.3% for the
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When in late November the ABS delivered it’s first complete monthly inflation print, it immediately triggered a dramatic repricing in interest rates and economists predictions for future inflation. When the AFR polled 38 economists for their views on where interest rates were heading prior to today’s monthly inflation print, 17 out of 38 predicted that
Is a widening commodities bid suggesting reflation? Or a bubble? OR something else? The Market Ear. No inflation… ….unless you need commodities. Are we in the early stages of reflation? As Goldman’s Privorotsky writes: “…either points to a broad dollar devaluation or a rapid re-acceleration in the global economy.” Chart 1 shows BCOM vs US
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The Albanese government’s $10 billion Housing Australia Future Fund (HAFF) was launched in late 2023 and aims to deliver 40,000 social and affordable homes by 2028. The HAFF operates as a perpetual fund managed by the Future Fund Management Agency. It provides an ongoing funding stream of at least $500 million per year, indexed to
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Roughly a fifth of solar panels have been found to degrade much more quickly than expected, leading to calls for different testing standards to identify faults.
The post Tiny cracks and hot weather can slash useful life of some solar panels to just 11 years, UNSW research finds appeared first on Renew Economy.
Chinese policymakers are talking a big game but doing nothing of substance. Goldman. Central level policies: Recent article from senior policymaker via Qiushi magazine highlighted focus on stabilizing market expectations within the property sector, emphasizing 1)given the significant financial asset nature of housing, effectively managing market expectations is crucial for overall stability; 2)the property industry
Over the long history of the industrialised world the endowment of natural resources has regularly been something of a double-edged sword. While it has bestowed immense riches on nations across the globe, it has also delivered hollowed-out economies and governments foolishly building their nations based on commodity booms lasting forever. In South America during the
There is no recovery in Chinese steel, but there is one in iron ore! The late-year seasonal increase in steel production was very muted. These price movements coincided with capacity utilization increases among Chinese steel producers, with blast furnace operations rising 0.32% and electric arc furnaces climbing 1.93% during the final week of 2025. These private movements are not
Green across the Atlantic share markets overnight with lower than expected inflation numbers in Europe helping buoy stocks while rumbles of more “acquistions” by the Trumpian Empire – Greenland next – kept Wall Street lifting higher. The USD strengthened against most of the majors, particularly Canada as their oil stocks took a small hit on
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Jeffrey Sachs Briefs the United Nations on the US Aggression in Venezuela — The author advises the Security Council to fulfill its responsibilities by immediately affirming a series of actions in response to the U.S. attacks on Venezuela.
Mr. President,Distinguished Members of the Security Council,
The BBC has instructed staff to avoid describing the US abduction of Venezuelan President Nicolas Maduro as a “kidnapping” and to use less loaded alternatives such as “seized,”according to a leaked internal memo shared online by British journalist and Guardian columnist Owen Jones.
Cotality’s rental review for the December quarter has been released, and it shows that Australia’s rental crisis continues. Vacancy rates were 1.7% in the December quarter, down from 2.1% a year earlier and significantly below the pre-COVID average. National advertised rents also rose by 1.3% in the December quarter, boosting annual growth to 5.2%. With
Asian share markets are generally performing very well as risk moves to buy up everything not marked with a USD sign, while local shares continue to underperform. Volatility in commodity markets is abating following the Trump regime’s “special military operation” into Venezuela with the USD seeing a strong reversal against the majors, particularly Euro as
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