My WhatsApp group of 30 local school dads shares regular stories of attempted burglaries in my local area, as does the local community Facebook page. Jacqui Felgate, Melbourne’s 3AW Radio host, posts daily videos via Instagram of the latest armed robberies and crimes in Melbourne. A similar incident occurred last year when I awoke to
Australian real wages are tracking 6.1% below their mid-2022 ‘covid-bubble’ peak. The latest RBA Statement of Monetary Policy (SoMP) also forecast that real wages will remain 5.5% below their peak at the end of 2027. SEEK’s latest advertised salaries index suggested that Australian wage growth is slowing. Advertised salary growth rose by only 0.2% in
Somebody save me from Albo’s Australia. The Australian. Iran’s Islamist regime used a web of spies and organised criminals to launch multiple terrorist attacks on Australia’s Jewish community, in an unprecedented assault on the nation’s social fabric that has sparked the severing of diplomatic ties with Tehran. The Ayatollah’s ambassador to Australia has been expelled
The Market Ear with the post-Fed news. Ready to move Gold is very trapped inside the massive triangle like formation. Note the last bounce on the 100 day. Expect a sharp break out soon… Source: LSEG Workspace Why so low? GDX to gold… Source: LSEG Workspace The dollar connection Gold likes a weak dollar, but
Goldman with an important note. We have previously argued Australia’s labour market is not inflationary because indicators that contain the most predictive power for wage growth have already normalised. Nonetheless, the unemployment rate is historically low, boosted by employment in the healthcare & social assistance industry, and it is not obvious why this has not
The Australian Bureau of Statistics (ABS) has released the monthly CPI indicator for July, which reported a sharp jump in both headline and trimmed mean CPI inflation. Headline CPI rose 2.8% in the 12 months to July 2025, up from 1.9% in the year to June. The result was way above economists’ expectations of a
Ferrous is weakening inexorably, succumbing to seasonal weakness. CISA output data for August bounced from the lows, but steel inventory is climbing. SMM has the wrap. The impact of yesterday’s supply-side incident on market sentiment has gradually weakened, and the price logic has returned to the fundamentals. According to SMM survey data, this week, the impact
The Housing Industry Association (HIA) released a bizarre ‘analysis’ claiming that the federal government’s 5% deposit scheme for first home buyers would ultimately help to lower property prices and rents. The HIA claims that the $25,000 average amount required to pay for lenders’ mortgage insurance (LMI) “meant fewer new households could buy a home”, which
Westpac with the note. Leading Index growth rate ticks up to 0.12% in July. ‘Slow motion’ recovery continues to underwhelm. Main headwind coming from commodity price falls and higher AUD. Softer tone from labour market but other components lacking direction. Even with this small improvement, the Leading Index still points to sluggish growth momentum in
Australia already has the highest per capita share of international students in the developed world. As of Q2 2025, there were 821,251 people in Australia on either a temporary student visa or a graduate visa. As a result, around 3% of the nation’s population was on either a student or graduate visa in Q2 2025.