While Australia’s two major parties are busy blowing the world’s largest house price bubble, New Zealand’s politicians are letting their house prices slowly deflate, restoring affordability. The REINZ house price index remained muted in March, rising 0.2% over the month to be 0.4% lower than a year ago. Major bank ASB noted that New Zealand
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Another day, another poor opinion poll for Peter Dutton and the Coalition. This week’s Roy Morgan poll shows Labor’s two-party support lifting to 54.5% (up 1% from a week ago), nine percentage points ahead of the Coalition’s 45.5% (down 1% from a week ago). Therefore, Labor would win an increased majority if the election were
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The Greens have performed best in the Australian Conservation Foundation’s (ACF) pre-election scorecard, receiving a rating of 98% for their environment and climate change policies. Labor was given a rating of 54%, with ACF CEO Kelly O’Shanassy praising policies such as its commitment to renewable energy and a continued ban on nuclear power. However, she
So says Labor legend Jenny George. The Australian. Regular warnings about gas shortages in Victoria are troubling. Despite its opposition to fossil fuels and having the highest renewables targets, Victoria is considering importing gas, underwritten by the public, at an estimated cost upwards of $20 a gigajoule. It makes no sense. Market failure is the
On Monday, I spoke to Ben Davis on Brisbane Radio 4BC Mornings to unpack the housing policies announced by Labor and the Coalition over the weekend. I described these as “some of the worst policy making I’ve seen in my 47 years of life”. I added that Australian “households are among the most indebted in
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The ferrous market is not strong. Data is all over the place. We’ve had strong Chinese credit, but much of it is debt swaps with only marginal growth impact. Goldman. March total social financing (TSF) flows and new RMB loans came in above market expectations, mainly due to strong expansion of short-term corporate loans. Government
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Kevin You, Senior Fellow at the Institute of Public Affairs, published research on the record boom in international students and temporary migrants. Dr You noted that there were a record 111,740 net permanent and long-term arrivals into Australia in February 2025, a daily average of 3,991. “That’s approximately 3 arrivals a minute on a net
Steve Austin from ABC Radio Brisbane interviewed me about the Greens’ housing spokesman Max Chandler-Mather’s claim that immigration does not negatively impact housing affordability. Chandler-Mather told Austin that targeting migrants was “scapegoating”: “We think that’s scapegoating a group that’s not responsible for the crisis. There’s a good study out now that demonstrates that international students
The Market Ear on the great flush. No one’s in Positioning is wrecked, volatility just snapped lower, and risk appetite has fallen off a cliff. But with buybacks set to return, vol-control exhaustion kicking in, and sentiment at extreme lows, the stage might be quietly set for a rebound no one’s ready for. Zooming out
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DXY is at critical support. AUD is a bipolar maniac. Concrete boots are hanging in. Gold and oil came off. The copper market is wrecked. Mining bear market rock solid. EM bounce. Junk off the worst. Yields eased, doubtless on the Fed’s calming words Friday. Stocks firmed. Now what? DXY is unhinged from Treasuries. While
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Whoever is an aspiring Marian Christian like the writer obviously has in his heart a deep devotion to Saint Pio of Pietrelcina who in his diary made a bitter prophetic statement about the “Christian Homeland” which unfortunately turned out to be spot on…