Cotality’s daily dwelling values index, which measures dwelling value growth across the five major capital city markets, lifted in September amid RBA rate cuts. The following chart shows that dwelling values at the 5-city aggregate level rose by 0.9% in September, led by Perth (1.6%), Brisbane (1.1%) and Adelaide (0.9%). Over the September quarter, dwelling
Appearing at the UK Labour Party conference over the weekend, Australian Prime Minister Anthony Albanese vowed to “defend democracy itself” alongside “my mate”, British Prime Minister Sir Keir Starmer. Albanese said he shared a “determination” with the UK leader and an “absolute resolve to stand together and defend democracy itself”. “We all know this is
With each rate cut, commentators discuss how it will impact the housing market, make borrowing more accessible, and enable more people to enter the market. Yet, when you look at the numbers on a long-term time horizon, the era of low interest rates has resulted in fewer people entering the market and less mobility for
The ghost of Australian manufacturing, Birregurra, Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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Eliza Owen, head of research at Cotality, has published the following chart on the amount of principal and interest repayments for the median Australian dwelling value ($848,858) under the Albanese government’s 5% deposit scheme for first-home buyers, which comes into effect on Wednesday. Under Labor’s First Home Guarantee scheme, purchasers will be able to buy
By Stephen Saunders Donald Trump has said it direct to the United Nations—mass migration and net zero are toxic for Western nations. Can our “Liberal” party even grasp the nettle? The smear of March for Australia and the sacking of Jacinta Price represent new lows for Australian “democracy”. Vindictive Albanese Labor savaged the March, both
Recently, Japan has witnessed a growing backlash against immigration, accompanied by protests and increasing levels of frustration on Japanese social media. The Japanese government has responded to these concerns by producing a report on the immigration system and what can be done differently in order to better ensure “social integration”. Justice Minister Keisuke Suzuki, who
In October 2022, British newspaper The Daily Star began live-streaming a video of a head of lettuce next to a framed photo of then-Prime Minister Liz Truss after The Economist compared the expected duration of her leadership to that of the shelf life of lettuce. Just weeks later, Truss announced her resignation; she served just
Australia’s housing market is experiencing a strong upswing. According to Cotality, last week’s national final auction clearance rate increased to 71.6%, the highest result for capital cities since early June 2023 (73.1%). It was also the third time in five weeks that the final clearance rate was above 70%. As shown in the chart below,
The ferrous market is beginning to teeter as the steel glut grows and more countries get angry about it. Prices cracked lower Friday: The problem is relentless Chinese overproduction despite weak margins It is unheard of for the year to end with sufficient inventory to render the new year’s restock moot, but that is where we are