Iron ore continues its bear market rally: The latest rationale is now a new housing fix: “There is some positive change in this meeting content compared to the one held late last December; the sales of housing inventory will provide substantial help to property developers facing capital strains,” analysts at China Galaxy Securities said
After nearly two decades of delay, the Albanese government is set to expand money-laundering reporting obligation laws to cover real estate agents, lawyers and accountants, with the potential that 100,000 extra entities will have reporting obligations if the legislation is passed. In 2003, Australia agreed to implement so-called ‘Tranche 2’ global anti-money laundering (AML) rules
The Albanese government’s soft “crackdown” on dodgy student visa applications has seen rejection rates rise, especially for second-tier educational providers: According to the following chart from Justin Fabo at Antipodean Macro, student visa grant rates have sharply decreased this year, indicating lower numbers in the future: This fall in student visa grants has been led
There are two primary reasons why the federal government loves high immigration. First, immigration boosts the economy, as measured by GDP. Running a high immigration strategy allows the government to claim that it is a competent economic manager, even when per capita GDP growth is negative (as it is currently) and individual living standards are declining.
Dxy is sagging: AUD has no clear pattern but is threatening recent resistant at 66 cents: Nothr Asia was mixed: Oil is putting risk back in play: Metal are a Wall Street toy: Miners look ok: Junk signals risk on: Yields tumbled: Stocks to the moon: The question is, will Michell Bullock and her malformed
Wall Street extended its gains from last week’s rebound with optimism across risk markets returning although macro events in the Middle East and some regions on holiday (UK and Japan) could prove unsettling. Nevertheless the USD remains relatively weak against the currency majors like Euro although Yen remains volatile post the BOJ interventions while the
According to new data released by the Federal Treasury, foreign investors purchased over 4700 properties in the first three quarters of 2023 valued at 5.3 billion: Chinese investors led the way, purchasing 1955 homes worth an estimate $2.5 billion in value. Simon Cohen, the founder of Australia’s largest residential property buyer’s agency Cohen Handler, noted
From the RBS shadow. In 2024, the Board of the Reserve Bank of Australia (RBA) meets to decide on a target for the cash rate on the following dates: • 6 February 2024 • 19 March 2024 • 7 May 2024 • 18 June 2024 • 6 August 2024 • 24 September 2024 • 5
The CEOs of major banks are urging the Federal Government to relax responsible lending standards, which were established following the Banking Royal Commission to safeguard borrowers. “What the big bank bosses are saying, they are not being very specific, they are alluding to two big pieces of regulation”, reports ABC’s Nassim Khadem. “One is the
ANZ-Indeed Australian Job Ads rose 2.8% in April, more than offsetting the prior month’s 1.0% fall. Although job ads have fallen 6.6% over the year, they have tread water over the past six months, as illustrated below by Justin Fabo at Antipodean Macro: The bigger problem for the Australian jobs market is that labour supply