By Leith van Onselen SQM Research has released its rental vacancy series for March, which revealed a 0.1% fall in the national vacancy rate over the month and a 0.2% decline over the year: Over the year, decreases in vacancies were recorded in Adelaide (-0.3%), Perth (-0.9%), Brisbane (-0.3%), and Canberra (-0.2%), whereas an increase
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Iron ore prices for April 17, 2018: Tianjin benchmark lifted 40 cents to $64.45. Paper was up overnight on a PBOC RRR cut. Coking coal too. Steel is range trading still. CISA late March output for major mills barely shifted and as you can see and has closed to zero growth year on year. Yesterday’s
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Global Macro / Markets / Investing: U.S. Libor Replacement, Two Weeks After Debut, Has Some Issues – Bloomberg Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion – Bloomberg Tesla Is Temporarily Shutting Down Model 3 Production. Again. – BuzzFeed How Tesla’s Elon Musk Makes a Strategy Out of Defiance – WSJ If
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The AUD is down: Bond yields are still flirting with a crazy breakout: XJO is up a bit: Dalian has misread slowing China data: As has Big Iron: Today’s tearaway is Big Gold which is either signalling more USD or AUD falls or both. I’m still skeptical though acknowledge that while risk runs so might
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By Leith van Onselen Michael Pascoe has ended his tenure at Fairfax with one final immigration spruik. Let’s take a look at his key arguments: The latest NOM figures are for the year to the end of September. They totalled 250,100 – representing close to one per cent of the Australian population. If the trend
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Via Bill Evans: The minutes of the monetary policy meeting of the Reserve Bank Board for April contained few surprises. Arguably of most interest was the inclusion of “in current circumstances, members agreed that is was more likely that the next move in the cash rate would be up rather than down”. Our analysis indicates
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China has released March QTR GDP which came in as expected at 6.8%: Underneath that was a real mixed bag. Industrial production missed at 6% and fixed asset investment missed at 7.5%. Retail sales beat at 10.1%: Turning to real estate, sales continue to slow with YTD down to just 3.6% Starts rebounded strongly to
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By Leith van Onselen We already know that the dream of owning a detached house with a backyard has been slipping away in Sydney: Well, new planning changes allowing narrow blocks to be subdivided are set to accelerate the decline: Under the new medium-density housing code announced last week, duplexes, terraces and manor houses can be
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Via Domainfax: Jamie Oliver’s dream of buying back the farm in Australia is over. The Jamie Oliver Restaurant Group (Australia) Pty Ltd collapsed on Monday, with the company being placed in the hands of voluntary administrators less than 12 months after the British celebrity chef visited Australia to relaunch the six local restaurants bearing his
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By Leith van Onselen The REINZ has released its house price data for March, which revealed a 2.2% seasonally adjusted monthly decline in the national median house price, although prices were up 1.9% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 0.1% in March, with prices up 5.9% year-on-year. Looking at the major
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