Last week, the Australian Prudential Regulatory Authority (APRA) released its new prudential standard, effective February 2026, which caps high-risk mortgages (debt-to-income ratio over 6x) at 20% of new lending. APRA’s announcement aims to manage housing vulnerabilities preemptively amid rising prices but excludes new housing builds and applies portfolio-wide, allowing banks flexibility while aligning with government goals
Friday night saw Wall Street return from its short Thanksgiving break and aside from some technical difficulties trading was bullish across the major indicies, with European stock markets also lifting into the month end. All eyes are still on the Fed’s December meeting where a rate cut is a given, with USD pulling back again
DXY held, but the uptrend looks set to be tested. AUD is ready to rise. CNY supportive. Gold whoa! Metals mania returns. The chosen one. EM lagging. EM junk warning. Yields firmed. Stocks too. Goldman reckons DXY is ready to fall meaningfully. We believe that as the US data backlog is slowly cleared it will
Last week, Cotality released its housing affordability report for the September quarter of 2025, which revealed that rental affordability has hit its lowest level on record. The percentage of income required to meet advertised rents on the median home hit a record high of 33.4% in the September quarter, up from 26.2% five years earlier.
By Lucinda Jerogin, Associate Economist at CBA: Australian headline inflation surprised to the upside, accelerating 3.8% through the year to October. The policy relevant trimmed mean measure increased to 3.3%/yr. The total volume of capex also recorded a strong turnaround, up 6.4% in Q3 25. Construction work done fell 0.7%/qtr, driven down by a decline
Cotality has released its daily dwelling values index for 30 November, which measures value changes across the five major Australian capital city markets. Over November, dwelling values increased by 1.0% at the 5-city aggregate level, with wide divergence between the individual capital city markets. Melbourne (0.3%) and Sydney (0.5%) recorded relatively soft growth, whereas Brisbane
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Gunnamatta.Molva · Deet T – Australian economy, market volatility, the AI wave, Crypto and investment flows Against the backdrop of recent market volatility Deep T talks about asset bubbles and investment as the AI wave enters the national consciousness. Over the course of just under an hour he covers the relationship between investment, productivity and
International Reading: Poll: By a 2-to-1 margin, Americans say Trump has done more to raise prices than lower them – AzExpress Trump’s second-term golfing to cost US taxpayers $300M as he reaches $70M mark – The Mirror Medical bills are now the #1 cause of personal bankruptcy in Murica – Politico 8 million inflation refund
Labor’s First Home Guarantee scheme, which commenced at the beginning of October, enables first home buyers to purchase a home with only a 5% deposit without requiring lenders’ mortgage insurance, with the government guaranteeing 15% of the mortgage. With Australian home values already the most expensive in history relative to household incomes, the First Home