Domain’s house price reported a median house price for Sydney of $1,645,444 at the end of 2024, more than double the $811,000 median price in 2014. The following table illustrates that Sydney’s median house price is around $580,000 higher than Canberra, Australia’s second most expensive capital city. A recent CBA analysis revealed that Sydney’s housing
Asian stock markets are barely positive in reaction to the slightly hawkish tone the Fed took last night at the latest FOMC Meeting, with volatility still looking through the increasingly isolationist and tariff based US trade policies. The USD was pushed slightly higher overnight and has held on to most of those gains going into
In generations past, Australian businesses trained their workers. It was common for an Australian to finish high school or university and then take up an internship or graduate role at a company to gain vital skills and experience. This century has witnessed the decline of internships and graduate programs across Australian companies. In the mid-2000s,
Late last year, Australian Prudential Regulation Authority (APRA) chairman John Lonsdale warned that the number of Australian households experiencing severe mortgage stress had nearly doubled since 2016 and was trending higher amid the Reserve Bank of Australia’s (RBA) aggressive monetary tightening. Lonsdale added that Australians are overexposed to mortgage debt. “Residential mortgages make up two-thirds
Yesterday I recounted the shocking history of Grattan Institute’s destruction of Australia’s energy transition, sponsored all along by the East Coast gas cartel. Today it returns to finish the job. In the time since then, gas prices in Australia have stayed high, and a further problem, evident for more than a decade, has now crystallised
According to PropTrack, national median advertised rents have surged by 47% since December 2019. This explosive growth has pushed rental affordability to a record low, with 33% of median household income spent on the national median rent at the end of 2024. The good news is that Australian rental inflation is finally easing, with PropTrack’s
NVIDIA took a tumble this week as DeepSeek fears overran the market. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen have a look at DeepSeek, the messages and the investment outcomes from its emergence as an option in the AI market. Can’t make it to the live series? Catch up
Anyone who hoped that a Coalition government under Peter Dutton would seriously cut immigration needs to confront reality. While the Coalition’s pre-election statement on immigration states that it would cut the permanent migrant intake by 25% to 140,000 for two years, the Coalition has not set a target for temporary migration. This comes despite the
Goldman’s Andrew Boak has been far ahead of the pack on the RBA. Australia’s headline CPI rose 0.22%qoq in 4Q2024, with year-ended inflation easing 38bps to 2.42%yoy. The outcome was below market expectations (GSe: +0.4%qoq, +2.6%yoy; BBG: +0.3%qoq, +2.5%yoy) and the RBA’s standing forecast (Nov SMP: 2.6%yoy). Growth in the RBA’s preferred trimmed-mean measure also
The Market EAr with mwhahaha… Fighting with the 200 day NVDA is trading right on the 200 day moving average as of writing. Massive moves, especially if you consider the changes in market cap. This is not how strong leaders behave… Refinitiv Can SPX “dismiss” NVDA? Is this the most important gap out there? Refinitiv