CoreLogic’s daily dwelling values index, which tracks value growth across the five major capital cities, recorded stalling momentum in April. Across the five major capitals, values rose by only 0.2% over the month, down from 0.4% growth in March. As illustrated below, the slowing in growth was broad-based, led by Sydney, Melbourne, and Adelaide, whereas
CoreLogic has released the following snapshot of housing affordability across Australia, broken down by four metrics. As illustrated above, affordability to purchase or rent nationally was tracking at its worst level in history at the end of 2024. Specifically: The national dwelling value-to-income ratio was an equal record high of 8.0 as of 31 December
Risk markets are trying to digest quite a bit of macro news today with the Canadian election resulting in a Liberal victory, while a small reprieve in auto tariffs by the Trump regime looks possible amid the UK/EU announcing what could be a reversal in post Brexit trade barriers. The USD is back on the
CBC. Prime Minister Mark Carney’s Liberal Party is predicted to have won Canada’s federal election, according to local media. The Canadian Broadcasting Corporation (CBC), the national public broadcaster, said the Liberals will win more of parliament’s 343 seats than the Conservatives. A record number of Canadians voted in this election, which also became a referendum
Before it turned full-blown woke, The Australia Insititute (TAI) used to talk sense on immigration. In 2015, TAI published an excellent research paper calling for a national debate on Australia’s future population: Since the Sydney Olympics in the year 2000 the population of Australia has grown by 25 per cent. In fact, since the Sydney
Liberal leader Peter Dutton was questioned about his plans to cut the permanent migrant intake from 185,000 in 2024-25 to 140,000 in 2025-26. Dutton suggested that cuts to migrant worker numbers could be partly offset by permitting pensioners to work more hours without reducing their pension. “That will replace some of the international labour that
The ferrous complex is still struggling. Reports from the ground in China are dour. Goldman. Over the past week, we met with onshore clients in Beijing and Shanghai, including mutual funds, private equity firms, and asset managers from banks, brokers and insurance companies. Compared to two months ago(late February), local investors are more concerned about
Australia’s residential property market vacancy rates are still near a record low of only 1%. The Australian Greens announced that abolishing negative gearing and the capital gains tax (CGT) discount would be a priority in a minority government. The Greens’ policy is as follows. Grandfather negative gearing and the 50% CGT discount to one investment
China is easily the world’s largest carbon emitter, comprising 31.5% of global emissions in 2023, according to Our World In Data. China’s insatiable coal consumption has largely driven its near exponential rise in emissions. China is the world’s largest coal producer, importer, and user, accounting for around 30% more coal consumption than the rest of
DXY is hanging on…just. AUD looks poised for higher. Lead boots are holding. Gold and oil take a breather. Metals stall. Big miners=big bear. EM yawn. Junk unconvincing, either way. Treasuries are bid again. Stocks stalled. There is a lot of tariff pain imminent, both in the US and China. I am still of the