Cotality (formerly CoreLogic) reported that the total value of Australia’s housing stock was $11.3 trillion as of April 30, 2025, with the average home worth exactly $1 million. New research from Cotality shows that a record 34.4% of homes across the nation were valued above $1 million in April, with 41.6% of capital city homes
The Q4 national accounts release from the Australian Bureau of Statistics (ABS) revealed that households had suffered the largest decline in real per capita household disposable incomes on record, down around 8% from the mid-2022 peak. New data from the OECD shows that Australia also recorded the largest decline in real per capita household disposable
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100
The post Macro Afternoon: 15 May 2025 appeared first on MacroBusiness.
Alex Joiner from IFM Investors has published the following chart showing the sharp reversal of interest rate pricing in the futures market. After President Donald Trump announced his ‘Liberation Day’ tariffs last month, the futures market had forecast five more interest rate cuts this year and a cash rate of around 2.85% by the end
Joseph Capurso and Carol Kong at CBA have written an excellent report explaining the economic implications of the US-China trade war de-escalation. Key Points: The 90 day reduction in tariffs on US-China trade confirms ‘peak tariff’ is past. We estimate the US effective tariff rate on imports from China is now 41%, down from 155%.
After Australia’s Q1 wage growth result was in line with the Reserve Bank of Australia’s (RBA) forecasts, the April labour force report produced an unemployment rate broadly in line with expectations: As summarised by Alex Joiner from IFM Investors below, the result was stronger than the headline suggests. While the unemployment rate was steady at
Unlike some economists, I believe that tariffs can be a useful tool in protecting strategic industries to keep alive certain capacities that are essential to the freestanding nature of any self-sustaining society. I could even live with something like a universal tariff, such as Trump’s 10%, though I would make it lower so it could
Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and special guest economist Cameron Murray unpack the downsides of superannuation as a pension supplement—and explore the broader social issues it creates. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment
Statistics New Zealand has released data showing that net overseas migration (NOM) decreased to 26,400 for the year ending March 2025, a decline from 100,400 in the year ending March 2024. “The fall in net migration in the March 2025 year was mainly due to fewer migrant arrivals, although departures also rose to a provisional
Climate Change and Energy Minister Chris Bowen wants to double down on the rollout of offshore wind farms, renewables, and the phase-out of coal-fired power plants. Bowen claims that Labor’s landslide election victory, where it only secured 34.7% of the primary vote, was a rejection by voters of anti-climate action “noise”. “Peter Dutton described the