More bad news for the private economy as the true state of weakness is now hitting capex intentions. The first estimate for 25/26FY is up only 1.8%. Much of that is mining at 3,6%. Everything else is stalled out at just 0.9%. These are much lower estimates versus year-ago levels. The lunatic RBA is expecting
Having already hypothetically destroyed Canberra, Sydney, Melbourne and Brisbane with nuclear-armed HN missiles, the tiny “flotilla” of Chinese vessels is moving to annihilate Adelaide. The federal government is preparing for a flotilla of Chinese warships to circumnavigate Australia in coming days, as Foreign Minister Penny Wong accused the Coalition of “beating the drums of war”
The latest US initial jobless claims number spiked overnight and combined with more senseless tariff threats from Trump including doubling down on China saw volatility hit Wall Street hard as all the post election gains were wiped out, taking European stocks lower as well. The USD is pushing back against the undollars with new daily
The Reserve Bank of Australia’s (RBA) 0.25% interest rate cut and expectations of more easing have delivered a strong rebound in Australian home prices, driven by Sydney and Melbourne. After declining for three consecutive months, Australian dwelling values recorded a 0.3% increase in dwelling values across the five major capital cities in February, with each
The Market Ear with more. Fear mania CNN’s greed/fear index entered extreme fear yesterday. This much fear has mostly been followed by the market bouncing. Source: MacroMicro Bulls in hibernation Massive downtick in AAII bulls. Source: Refinitiv Bear mania Huge move higher in bears according to the latest AAII sentiment survey. Source: Refinitiv Imminent upside
DXY is back on tariff talk. AUD was poleaxed on the same. Lead boots were made for sinking. Gold needs a bigger pullback. Oil needs to break down. Goldman has wrecked the world’s most important metal. Big miners into the pit. EM meh. Junk meh. Yields up. Stocks down. The Mad Man is back. Bloomberg.
Late last year, Charter Keck Cramer debunked the notion that rezoning Australian suburbs into high density will result in more affordable housing. Charter Keck Cramer noted that the rise in construction costs meant that established apartment prices needed to rise by 15% to make it financially viable for developers to build apartments. “Because building costs
Asian share markets are doing slightly better on the back of somewhat mixed sessions on Wall Street and in Europe overnight, absorbing the post close NVIDIA earnings and the new tariff announcements on Europe by the Orange Mussolini. Meanwhile the USD is firming up slightly against some of the majors with the Australian dollar still
In January, Domain published the following chart showing how the percentage of income Australians spent to service mortgage repayments on a median-priced home had hit a record high of 50.6% at the end of 2024. This was up from the decade average of 36.6%. New data from Domain shows the breakdown of mortgage payments across
Yesterday Domain was upset that Peter Dutton was a crooked property investor. Today it trumpets that Sydney is fixed by the same! A James Packer-backed development in Surry Hills and a 22-storey tower in Edgecliff are among 18 housing projects fast-tracked by the state government’s new planning authority to deliver more than 8600 dwellings. The