The Reserve Bank of Australia’s (RBA) 0.25% interest rate cut and expectations of more easing have delivered a strong rebound in Australian home prices, driven by Sydney and Melbourne. After declining for three consecutive months, Australian dwelling values recorded a 0.3% increase in dwelling values across the five major capital cities in February, with each
The Market Ear with more. Fear mania CNN’s greed/fear index entered extreme fear yesterday. This much fear has mostly been followed by the market bouncing. Source: MacroMicro Bulls in hibernation Massive downtick in AAII bulls. Source: Refinitiv Bear mania Huge move higher in bears according to the latest AAII sentiment survey. Source: Refinitiv Imminent upside
DXY is back on tariff talk. AUD was poleaxed on the same. Lead boots were made for sinking. Gold needs a bigger pullback. Oil needs to break down. Goldman has wrecked the world’s most important metal. Big miners into the pit. EM meh. Junk meh. Yields up. Stocks down. The Mad Man is back. Bloomberg.
Late last year, Charter Keck Cramer debunked the notion that rezoning Australian suburbs into high density will result in more affordable housing. Charter Keck Cramer noted that the rise in construction costs meant that established apartment prices needed to rise by 15% to make it financially viable for developers to build apartments. “Because building costs
Asian share markets are doing slightly better on the back of somewhat mixed sessions on Wall Street and in Europe overnight, absorbing the post close NVIDIA earnings and the new tariff announcements on Europe by the Orange Mussolini. Meanwhile the USD is firming up slightly against some of the majors with the Australian dollar still
In January, Domain published the following chart showing how the percentage of income Australians spent to service mortgage repayments on a median-priced home had hit a record high of 50.6% at the end of 2024. This was up from the decade average of 36.6%. New data from Domain shows the breakdown of mortgage payments across
Yesterday Domain was upset that Peter Dutton was a crooked property investor. Today it trumpets that Sydney is fixed by the same! A James Packer-backed development in Surry Hills and a 22-storey tower in Edgecliff are among 18 housing projects fast-tracked by the state government’s new planning authority to deliver more than 8600 dwellings. The
Yawn. China plans to start re-capitalizing three of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy. Authorities are looking to inject at least 400 billion yuan ($55 billion) of fresh capital into the first
The latest annual state accounts from the Australian Bureau of Statistics (ABS) showed that Victoria’s per capita GDP declined by 1.2% in 2023-04, and it has only increased by 10.4% since the Global Financial Crisis (GFC) in 2008. This compared with a 1.0% national decline in per capita GDP in 2023-24 and a 14.5% gain
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen check in on house price affordability for Australians after the recent interest rate cuts. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus