By Callen Sorensen Karklis The Queensland state election over the weekend has brought about what I warned the QLD Labor was in danger of as far back as 2017. The Labor party’s almost decade long era in power since 2015 under Palaszczuk and then Miles has ended. Labor’s Legacy under Palaszczuk/Miles Labor’s Legacy under its…
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Today’s inflation print was another classic divide between pragmatists and purists. Headline inflation is falling fast and will keep doing so as rents, goods, food, energy and administered prices all cool. The RBA needs to cut. However, trimmed mean inflation is still stubbornly above target at 3.5% because it does not include cost-of-living rebates. The
Master Builders Australia CEO Denita Wawn has hit back at claims that the Morrison Government’s HomeBuilder stimulus contributed to the housing crisis by diverting construction capacity into renovations rather than new homes. Wawn asserted that rather than stimulus, a chronic undersupply was to blame for the rise in rental inflation. “The federal government had a
The speed of the Chinese property correction is something to behold: The latest data shows some impact from stimmies mostly in top-tier cities: Year to date is back on track for the worst case! Destocking has begun: Completions are still bad for commodity demand, down year on year: Green shoots still in play.
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New research by Finder revealed that one-in-three mortgage holders, or around one million households, believe that they borrowed too much, up from 21% last year. Almost half (46%) of gen Z claim that they stretched themselves thin, followed by millennials (37%). That’s compared to 26% of gen X and 20% of baby boomers. As a
The new roaring twenties are US exceptionalism. The Market Ear has more. NASDAQ – can’t you see what’s going on? If it is all a risk on/off trade, then NASDAQ has some catching up to do. Chart shows NASDAQ vs BTC. Refinitiv Time to talk about Santa? Seasonality from here is very strong. Equity Clock
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The Australian Bureau of Statistics (ABS) has released the all-important Q3 Consumer Price Index (CPI) data, which undershot economists and the Reserve Bank of Australia’s (RBA) expectations. Headline inflation rose by only 02% in Q2, below economists’ expectations of a 0.3% increase. This result was weighed down by energy and rental subsidies. Michelle Marquardt, ABS