CoreLogic’s latest monthly chart pack estimated that the value of Australia’s housing stock hit a record high of $11.3 trillion in March, spread across 11.3 million dwellings. This meant that the average value of an Australian home hit $1 million for the first time. Last week, Domain released its house price results for the March
According to the Australian Bureau of Statistics’ (ABS) annual state accounts, Victoria’s per capita GDP fell by 1.2% in 2023-04 and has only risen by 10.4% since the Global Financial Crisis (GFC) of 2008. Victoria’s performance compares poorly against the 1.0% national decline in per capita GDP in 2023-24 and the 14.5% increase recorded since
I have read some poor housing analyses in my time, but few are as awful as the Daily Telegraph’s Taylor Troeth, who blamed “stubborn empty nesters” for fueling NSW’s housing crisis. Troeth cites research from Australian Seniors showing that two-thirds of empty nesters in NSW “were still living in large family homes with no plans
Albert Edwards of Societe Generale famously coined the phrase “Ice Age” for the period leading up to and after the GFC. The Ice Age thesis was based on the notion that immensely deflationary forces would emanate from a balance sheet recession taking hold in developed economies. Now Edwards sees the same coming from and for
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If it wins the upcoming federal election, the Dutton-led Coalition will commit to implementing a gas reservation policy covering Australia’s East Coast. Under the Coalition’s policy, uncontracted gas sold on the spot market must be reserved for domestic use. The Coalition would force companies to supply the gas domestically by imposing a levy on gas
Australia’s universities must rank as the nation’s most poorly run organisations. The number of commencing full-fee-paying international students hit a record high of 215,000 in 2024, roughly triple the number recorded in 2005. The total number of international enrolments also hit a record high of 499,371 in 2024, nearly triple the 178.806 total enrolments recorded
I am of the school of thought that markets like to fill gaps. When large daily moves transpire, the market tends to reverse and then fill the large moves with smaller moves in the same direction. It is a little disconcerting when this happens, but the resumption of the trend fills the gaps with more
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DXY is a falling comet aiming for an extinction-level event. But for what? Not AUD! Nor CNY. Gold is the forever currency now. Metals are confused by monetary versus fundamentals clash. Bg miners = big bear. EM yawn. Junk stress. Curve steepener going nuts as Treasury loses control of the long end. Stocks no likee.
In yesterday’s blog post I analysed the historical evidence for sophomore surge having an impact in Australian federal elections, dating back to 1998.
“Sophomore surge” refers to the phenomenon of a first-term MP performing relatively better than other candidates for their party, doubly so if they defeated a former MP from another party at the previous election.
Risk sentiment continued its decline over the Easter weekend with Wall Street snapping back nearly 3% lower overnight as it appears all the puffery around trade deals from the Trump regime is exactly that – hot air! Currency and bond markets are broadcasting fairly clearly now that the global trade and financial system is reeling
The post Macro Morning appeared first on MacroBusiness.
In the sweat of thy face shalt thou eat bread, till thou return unto the ground; for out of it wast thou taken: for dust thou art, and unto dust shalt thou return.
Prime Minister Anthony Albanese says all Australian government flags will fly at half-mast on Tuesday after the Vatican confirmed Pope Francis has died at the age of 88.
Klaus Schwab has stepped down as chairman of the World Economic Forum (WEF), ending more than five decades at the helm of the organization he founded in 1971.
Known for its annual gathering of business and political leaders in the Swiss mountain resort of Davos, the WEF and its former leader became symbols of globalization.
The Easter ceasefire has come and gone, with Russia and Ukraine trading accusations over thousands of violations as fighting resumes across the front lines – yet another reminder of how difficult it is to bring this war to an end. Amid the renewed hostilities, Donald Trump’s long-promised peace plan is colliding with geopolitical realities.