The Grattan Institute has published a fact sheet on earnings across Australia: According to Grattan, “the typical full-time Australian worker actually earns $90,416, and the typical Australian worker (including part-time workers) earns just $67,786”. Separate data from the Australian Bureau of Statistics revealed that the median Australian working in their main job earned $72,592 in the year to
DXY is up. EUR has flamed out. AUD follows EUR. Lead boots going nowhere. Oil is back. CTAs next. The opposite for copper. Sell before Goldman does. Big mining, big bear market. EM yawn. Junk purgatory. No flush here. Yields up. Stocks up. Trump’s sweeping tariffs are suddenly less so. President Donald Trump’s coming wave
Overnight saw the still quite hesitant risk complex jump for joy as the Mango Mussolini decided to perhaps, maybe pull back his upcoming April 2nd tariff threats a smidge which gave Wall Street the excuse to bid everything higher as the Trump Dump and Pump scheme continued. European stocks were caught flatflooted however while the
Last week, the lies and propaganda promoting the unprecedented increase in international students peaked. Not only did we see researchers from the University of South Australia argue that there is no link between the record surge in international students and the cost of rent, but we also saw the CEO of the elite Group of
According to CoreLogic’s most recent monthly house price report, Melbourne was the cheapest major capital city property market, with a median price of $772,561 as of February 28, 2025. Melbourne’s relative affordability comes after a value gain of only 8.2% over the last five years, compared to a 38.9% increase nationally. The following chart, derived
Another very mixed session across Asian stock markets reflecting the growing unease over the weekend as the April 2 “tariff letter” deadline starts to come into focus. While Wall Street managed a positive return on Friday night it was marginal at best with Chinese markets now pulling back while local stocks also treaded water. The
With the election expected to be called this weekend for a poll date of either May 3 or May 10, opinion polls remain too close to call. The latest Redbridge polling, released on Thursday, showed that Labor was ahead 51% to 49% on a two-party preferred basis, hitting the lead for the first time in
The Reserve Bank of Australia (RBA) has been notoriously poor at forecasting Australian wage growth. For the past 15 years, the RBA’s Statement of Monetary Policy (SoMP) has consistently forecast higher wage growth than realised. The RBA looks to be making the same mistakes, with Australian wage growth now falling despite Australia’s low unemployment rate
Every time I read one of these articles, the Grattan Institute appears as the independent voice of reason. SMH. As the risk of shortfalls edges closer, state and federal energy ministers are becoming increasingly worried that talks between LNG terminal developers and prospective customers appear deadlocked, with neither party able to agree on price and
Goldman with the argument. USD: Diminished, not finished. We downgraded our Dollar forecasts last week but still expect some Dollar strength from current levels. …we think the market has rapidly repriced the shift in the growth outlook, and ran ahead of the forecast changes our teams have made for 2025. In the case of the