At the end of 2024, Australia’s mortgage affordability was the worst on record, with households required to sacrifice a record share of their incomes to repay the median-sized new mortgage. There was also a record gap between the median home price and borrowers’ capacity to pay, assuming traditional affordability metrics. So far this year, the
Steel in pancaked an iron ore hoping. Channel checks are showing that damage is creeping up the supply chain but it’s not disastrous. Goldman. Feedback from producers as of mid-May suggests end-user orderbooks were flat MoM, softer than past seasonality. Infrastructure recovery paused, reflected in lack of funding for new project starts and weak cement
Last year, prominent immigration propagandist and managing director of the Australian Housing and Research Institute, Michael Fotheringham, blamed the nation’s housing shortage on ‘greedy’ households consuming too many homes. “We are consuming more houses for the number of people we have. That is a bigger driver for shortfall in housing than migration”. “The number of
Deutsche on stablecoin regulation in the US. 1. Stablecoin legislation cements USD supremacy The GENIUS Act mandates that all stablecoins be backed 1:1 by high-quality, lowrisk liquid assets – specifically, US Treasury bills with maturities under 93 days, insured bank deposits, or physical US coins and currency (including Federal Reserve notes). Issuers must disclose their
Mark Scott is one of Australis’s greediest rent-seekers. Every year, Scott plunders $1.2m from Sydney University as its vice-chancellor. It’s no wonder he remembers Harvard so well, hobnobbing with the Great Gatsby. Three decades ago, I embarked on an exciting adventure to Harvard to complete a graduate degree, accompanied by my wife and two young
South Australia is touted as the mainland’s leader in renewable energy. According to AEMO, South Australia generates over 70% of its electricity from renewable sources, with significant contributions from wind and solar power. As shown above, wind farms are the largest source of electricity in South Australia, generating 6,651 GWh in the 2022-23 reporting period.
Recall leading apartment developer Tim Gurner’s warning that Australia’s rental crisis could last another 15 years due to a lack of supply relative to the nation’s strong population growth. “If you look at the vacancy rates, it’s pretty simple, right? We have vacancy around 1% in every single state, construction supply is the lowest it’s
Another late night tariff threat dump by a senile Trump on Friday upset risk markets across both sides of the Atlantic which will result in increased volatility on the open here in Asia. Following the passage of the Trump regime’s new “Tax” Deal (aka blowing out the deficit forever) this will also embolden volatility on
MacroBusiness, for years, has blamed much of Australia’s productivity slump on ‘capital shallowing’, which occurs when the nation’s population grows faster than business, infrastructure, and housing investment. This situation leaves workers with less capital, resulting in less output per hour and a lower growth rate per capita. As a stylised example, assume that you run
DXy is breaking down again. AUD looks ready to breakout. Lead boots plod higher. Gold loving DXY, oil nowhere. Metals also loving the DXY. Miners not worse. Junk nothing burger. Yields fell on the night but the trend is not your friend. Stocks are not enjoying the regime of the American lira. Yet the AUD