Via the Shadow. Shadow Board’s Confidence in Required Rate Hold Strengthens The latest data point to inflation having fallen further: the monthly consumer price index (CPI) rose 4.9% in the twelve months to July, the biggest contributors to inflation once again being housing (+7.3%), along with food and non-alcoholic beverages (+5.6%). While encouraging, this still
CoreLogic has released its September housing market results, which shows that the nation’s rental vacancy rate has collapsed to a record low 1.0% across the combined capital cities and 1.2% across the combined regions: “Rent markets remain tight pretty much everywhere”, CoreLogic director of research, Tim Lawless said. “The pre-COVID average for capital city vacancy
The Market Ear kicks us off. Mission impossible… …or is everything possible? Imagine the pain should tech get inspiration from the 1999 year end squeeze… Refinitiv That was quick We have seen one of the fastest drops in equity positioning since early 2022. Time to think about the upside pain trade? DB The trend line
Pressure continues to build on new Victorian Premier, Jacinta Allan, to cancel former Premier Dan Andrews’ Suburban Rail Loop (SRL) project. Natasha Bradshaw from the Grattan Institute has called for Allan to cancel the SRL, noting that the project’s cost had blown out to between $150 billion to $200 billion, while the economic benefits are
The Albanese government’s plan to build 1.2 million homes over five years is becoming increasingly unrealistic. Data on dwelling approvals, loans for the building or purchase of new dwellings, and new home sales have all plummeted, implying that Australia will build fewer homes rather than more in coming years. This fall in construction will occur
Credit Agricole with the note. Thanks to an impressive resurgence this month, the USD is set to come in on top of all its G10 FX peers in Q323. The USD has been unfazed by the lingering threats of a US government shutdown that historically tends to act as a drag, and instead focus
Last week, the Australian Academy of Technological Sciences and Engineering (AATSE) and the Climate Council urged the federal government to accelerate Australia’s path to ‘net zero’ emissions. Australia is currently committed to reducing its carbon emission by 43% below 2005 levels by 2030, as part of a transition to “net zero” emissions by 2050. However,
PropTrack has released data showing that Australian dwelling values have now fully recovered their RBA interest rate-induced losses, and are now tracking at record highs: “Home price growth has been driven by record levels of net overseas migration, tight rental markets and a housing shortage”, PropTrack notes. While a sharp increase in the number of
Chinese property is not recovering. Not even in Goldman Week: Developer funding is plugged: Infrastructure funding is still down year on year: Steel output lifted moving into the the holiday but demand is weak: The PMIs split. The official manufacturing number firmed, though new orders are still falling: The NBS services PMI was similar: However,
The Queen of the fake left let her petals of wisdom fall on the weekend. Katherine Murphy at The Guardian: Burnout is an ever-present risk for people in public office. The most effective political leaders live in a constant state of hyper-vigilance. They scan the horizon for incoming risks and run multiple scenarios in their