As we know, Australia’s rental vacancy rate has collapsed to an all-time low amid record immigration-driven population growth and falling housing construction. New data from PropTrack shows that rental listings have collapsed across the nation. In March 2024, the number of newly advertised properties for rent was 13.7% lower than a year earlier and new
The National Bank of Canada has released a new report describing the collapse in Canadian living standards in relation to the United States: “[Canada’s] population aged 15 and over rose by a record 3.5% in the first quarter, making a positive contribution not only to GDP, but also to potential output”. “As a result, GDP
Victoria has the lowest share of social housing in Australia, making up only 3% of total residences. That is far lower than the national average of 4.2%, already considered poor by global standards. The Guardian revealed last month that Victoria’s homelessness situation is the worst in the country and continues to worsen. “Victoria still has
CBA economist Harry Ottley has released a chart pack on state economies, which shows that Western Australia (WA) is the nation’s boom state. WA’s economic growth has easily led the nation since the start of the pandemic: WA has the strongest state sentiment and retail sales: It also has the strongest business investment, adjusting for
The Market Ear asks the question. Perma bears & tactical bears Sell-side has a new found love affair with the bear story. Or at least they are the ones that make the most noise now. Let’s look at 3 bears, the perma, the more balanced and the short term tactical tourist. Note, we are not
DXY faded with safe havens: AUD powered out of the Israel/Iran phony war: It won’t get far without North Asia: Oil firmed, and the golden whale was harpooned: No landing metals puked: Miners meh: EM meh: Junk was mixed: Yields are waiting: Stocks loved the phony war: We are off to see the Wizard of
A spike in tech stocks on Wall Street saw a continued rebound overnight as earnings season rolls on with European stocks also seeing a strong bid despite a lift in Euro as the USD pulled back from its recent strength. The Australian dollar is back at a near two week high just below the 65
Rebar and SGX futures rolled yesterday: Dalian was weak too: It’s all looking pretty shaky: The momentum of steel consumption in the world’s second-largest economy since early April has slowed down after some southern regions in China were hit by earlier-than-expected rains. “Steel consumption was suppressed in the short term as rainy weather hit southern
It’s time we face reality. The Albanese government must sacked at the first available opportunity. I know the alternative is a corrupt bollard with a trail of complete losers. But that is a by-the-by for the future. Today we must face the problem we know, and its name is Albo, the worst PM since Federation.
Last week, Justin Fabo at Antipodean Macro presented the following chart showing that Australia is awash with low-skilled workers, with the share of employers reporting recruitment difficulties falling to pre-pandemic levels: Reflecting the above, Fabo has also studied the latest ABS employment data and found that new workers aged between 15 and 24 years old