The Reserve Bank of New Zealand has already delivered 2.5% of interest rate cuts, which has taken the official cash rate to 3.0% from a peak of 5.5%. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank’s monetary easing has lowered new mortgage rates to pre-pandemic levels, whereas weighted-average interest rates on
India is Australia’s second-largest source of international students. According to the Department of Education, in the year to July 2025, there were a record 159,530 Indian students enrolled in Australia, up 31,000 from the pre-pandemic peak and 6.6 times more than in 2005: Of these Indian enrolments, 94,271 were in higher education (universities) and 63,613
Anyone who thinks attaining Labor’s 82% Renewable Energy Target (RET) by 2030 is feasible or affordable is kidding themselves. To meet Labor’s fantastical target, much of Australia’s baseload coal generation—the backbone of the country’s energy grid—would have to be shut down and replaced with masses of intermittent and weather-dependent wind and solar generation, backed up
Under a series of treaties signed by the Australian and New Zealand governments, New Zealand citizens have the right to move to Australia and live there indefinitely under the Special Category Visa (SCV). The SCV is granted to Kiwis automatically upon entry, provided they meet health and character requirements. But despite having a pathway to
Following May’s election, the nation’s electorate fundamentally changed the requirements to pass legislation through the nation’s upper house. Prior to the election, Labor held 25 senate seats, with the Greens holding 11, giving them 36 votes in a chamber that requires 39 for an unassailable majority. When Parliament sat for the first time post-election, the
The hyper-taut ferrous complex should not be confused with equilibrium. The market is indeed stable, but this is not owing to calm price pressures. Steel demand is stable due to exports. Steel production is far too high on anti-innovation stupidity. This is a market with Godzilla pulling at one end and King Kong at the
Over the last 35 years, the contribution of manufacturing to Australia’s overall economic activity has declined. While this trend is not unique to us, the reality is that Australia had a much smaller manufacturing base as a percentage of GDP than the average of advanced economies to begin with, making the relative decline all the
Perfection prevails NDX continues trading inside the perfect trend channel that has been in place since May. Buying the 21 day remains a simple but profitable strategy. We are here Nothing new, but NDX seasonality from here is very strong. SPX +7300 SPX is +14%YTD. Goldman’s Garrett points out: “Only 4 other instances where SPX
Real per capita household disposable income is considered the most reliable indicator of individual living standards. According to OECD data, Australia recorded the slowest increase in real per capita household disposable income among major English-speaking countries over the decade ending in the March quarter of 2025. Australia’s real per capita household disposable income increased by
Last week was an unmitigated disaster for Australian housing affordability. On Tuesday, the Australian Bureau of Statistics (ABS) released data on dwelling approvals, which showed that the number of homes approved for construction is falling badly behind the government’s target to build 1.2 million homes over five years, which requires 240,000 homes to be built