Last week, NSW Treasurer Daniel Mookhey pushed back against caps on international students, claiming such students are “economic assets to be treasured, not as a problem to be capped”. Mookhey’s comments came as his state grapples with an unprecedented rental crisis. Sydney’s rents have exploded since the international border was reopened in late 2021, which
Markets took a tumble this month. During downturns there are plenty of mistakes that investors make and things that they should be doing. Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen dive into the most common mistakes and things you should be doing in your portfolio. Can’t make it to the
Steel prices are in free fall as tariffs mount. The iron ore jaws are wide. Macquarie has thrown in the towel now. Macquarie, a global financial services group, predicted the seaborne iron ore market will be in surplus by about 50 million tons this year as China is likely to cut steel production. If steel
And now for a dose of European exceptionalism! The Market Ear. The Old Country is now the new hot darling Everything is going Europe’s way right now. Stocks are outperforming, inflows have just started, there are macro green-shoots and valuations are still cheap. Let’s once again revisit the new darling macro case that is Europe.
The Albanese government has set a fantastical target of building 1.2 million homes over five years. To meet this target, Australia would need to build many shoebox apartments. New South Wales and Victoria have introduced planning reforms allowing the blanket construction of high-rise towers across Sydney and Melbourne activity centres. The widespread push for density
Australian housing affordability is at an all-time low. At the end of 2024, the percentage of income necessary to satisfy median-sized mortgage repayments reached a record high of 50.6%. Rental affordability also dropped to a new low, making it tougher for first-time buyers to save a deposit. Prior to last month’s 0.25% interest rate reduction
It’s a triumph! Australia’s energy shortages have been resolved. Except when you look at how. From the AEMO. Shortfall risks under peak conditions are forecast in southern Australia from 2028, later than forecast in the 2024 GSOO due to expected falls in residential, commercial and industrial consumption of gas, and the delayed retirement of Eraring
DXY and EUR stable. AUD downish. Lead boots are made for walking. Gold has entered some kind of new up smash. Copper doom is here thanks to Goldman. Meh everything else. Big miners meh. EM maybe. Credit surged. Oh dear. Yields down. Stocks up. Is it a sort of Fed put? UBS. Dare anyone say
Last night saw the US Federal Reserve hold fire on interest rate changes although it did signal that stagflation is the likely outcome for Trump’s Tariffs with an uptick in inflation already observable. US stocks loved the talkfest anyway as Wall Street and European stocks pushed higher, the latter again moving mainly due to defense
Last month, the Australian Bureau of Statistics (ABS) released the Q4 2024 wage price index, which increased 0.7% for the quarter and 3.2% year on year. The 0.7% quarterly increase was the equal-lowest growth rate since Q1 2022, while the 3.2% annual increase was the lowest since Q3 2022. Real wages deflated by headline CPI