Blogotariat

Cotality’s latest dwelling value results for New Zealand revealed that home values fell by 1.6% in the year to May to be 16.3% lower than their peak. As illustrated in the following chart from Cotality, home values have fallen heavily across all major markets. Separate data from the Real Estate Institute of New Zealand (REINZ),

The post New Zealand’s ‘big and beautiful’ property crash appeared first on MacroBusiness.

Let’s do some more worrying, shall we. The Australian. The waning possibility of Anthony Albanese landing a face-to-face meeting with Donald Trump in coming weeks has sparked alarm from the Coalition and defence ­experts, who have raised concern about the two leaders not meeting before Washington’s controversial AUKUS review concludes and instead leaving the outcome

The post Want to meet Trump? Sack Rudd appeared first on MacroBusiness.

The Association of Superannuation Funds of Australia’s (ASFA) latest modelling suggests that a couple who own their home now requires annual income of $73,875 to live comfortably in retirement. The figure for a single person who owns their home is $52,383. The analysis also shows that the cost of a comfortable retirement increased by 1.6% in

The post Why do retirees need more comfort than workers? appeared first on MacroBusiness.

Thursday’s Q4 2024 population data from the Australian Bureau of Statistics (ABS) revealed that “natural increase” (i.e., the number of births minus deaths) fell to only 105,200 in 2024, close to the lowest level on record. There were 292,500 births in 2024, offset by 187,300 deaths, the latter of which have risen following the Covid-19

The post Having children is becoming a luxury appeared first on MacroBusiness.

The proposed purchase of San

Westpac with the note. The Westpac-DataX Card Tracker Index* has firmed over the last two weeks after a very volatile period through Mar, Apr and May. The latest weekly read of 140 is up 2.3pts from the end of May, the last two weeks recording the strongest average read outside of the post-holiday rebound in

The post EOFY lifts consumer pall appeared first on MacroBusiness.

The monthly growth in Seek advertised salaries has shown hints of stabilisation but is still trending lower. I expect the fade to continue as the immigration-led labour market expansion economic model does its thing. I do not expect we’ll get back to last cycle’s lows because the Labor government is forcing more wage rises via

The post The boom in Adelaide bureaucrats appeared first on MacroBusiness.

DXY is holding on. AUD is breaking down somewhat. Lead boots are getting heavier. The Trump fool has unleashed oil. Metals no bueno. Miners far to fall yet. EM meh. Junk still OK. US markets were closed but the European tell is heading south fast. War is not complex. Credit Agricole. Investors remain on tenterhooks

The post Australian dollar bombed into submission appeared first on MacroBusiness.

Another night dominated by central bank decisions contrasted with indecisions around the Israeli war on Iran with the Swiss bank cutting rates to zero while the BOE held fire, just after the Fed a few days ago, while the Trump regime again goes to the TACO truck when talking about non-existent negotiations with the Iranian

The post Macro Morning appeared first on MacroBusiness.

In Australia, the grid connection process is highly confidential. But in New zealand, it is all out in the open, and led to a radical acceleration in approvals.

I know that not a huge proportion of Americans know what is going on beyond the borders of the US, and this was brought home to me recently, when I was reading something about the massive No Kings protests in myriad cities and town across the US. One source I read estimated that about 13 million people demonstrated. All this happened while Trump held his military parade in honour of his own birthday, at which something like a few thousand people showed up to watch, some of whom were even there to protest against Trump, or at least to separate the 250th anniversary of the army’s creation from Trump’s 79th birthday.