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CoreLogic has released its daily dwelling values index for 30 November, which shows that values across the five major markets rose by 1.1% over the month – a significant deceleration from earlier this year: Brisbane (2.8%) and Adelaide (2.5%) led growth, with Sydney (0.9%), Melbourne (0.6%) and Perth (0.2%) trailing: Quarterly growth across the five

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Is Chinese property turning Japanese? The answer is “yes”. But there will be differences. Goldman with the note: The Chinese property market experienced a dramatic boom during the 2010s, similar to the housing boom in Japan in the second half of 1980s. In Japan, land prices halved and economic growth ground to a halt during

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The Australian Prudential Regulatory Authority (APRA) yesterday afternoon released its new “more risk-sensitive” bank capital framework, which incentivises banks to lend to lower-risk owner occupiers rather than higher risk investors: The framework, developed over four years of consultation, will help to ensure Australian banks continue to have the financial strength to withstand future adverse economic

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Risk markets recovered some of their nerve after the overreaction on Friday to the new COVID variant breakout, despite Asian share markets still falling on Monday. A higher than expected German CPI print and US pending home sales data also helped risk spirits. European shares and Wall Street lifted more than 1% while bond markets

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Victoria has recorded another 918 new COVID cases and six deaths: By comparison, NSW recorded 179 new cases and three deaths: The next chart plots daily cases, which continue to trend track sideways: Active cases are shown below: Most importantly, hospitalisations are well under control: NSW has reportedly now recorded four Omicron cases – all

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And now for some rental deflation in China: Average home rents in China’s major cites declined by 1.3% in November from the prior month while transactions in home rental market tumbled by 17.9% month on month, according to a research on Monday. Among the 40 major Chinese cities, average monthly home rents stood at 39.4

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DXY rebounded lat night with everything as the Omicron panic eased: That kept the AUD holding open the trap door: Oil held a lot of the losses: Metals firmed: Miners are trying to base: EM stocks remain below key support: Junk managed a little hockey stick: Yields kept most of the gains: Which aided the

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Only a week ago, Prime Minister Scott Morrison announced that all fully vaccinated international arrivals would no longer need to quarantine from 1 December – a move that was cheered by the edu-migration and business lobbies: All students stuck overseas should know that the Australian PM’s statement today includes all countries! For Japan and Korea

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Global Macro / Markets / Investing: Omicron COVID-19 variant: Pfizer, BioNTech say vaccine could be reworked in 100 days to counter strain – Fox Business Oil reserves released by Biden expected to primarily go to China, India – Fox Business Dow suffers worst Black Friday selloff since 1931 – Yahoo Ask a Supply Chain Expert:

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Well, at least for me. Nobody was more surprised than I when the barbecue store rang on Friday to tell me that my extra large Big Green Egg had arrived. Now I just have to wait for the courier to bring it and my nesting table the final two kilometres to the house.

Stocks tried to bounce back from the big falls on Friday following the (over) reaction to the latest COVID variant news, with Asian stock markets continuing to sell off mildly while Wall Street and European futures are upbeat. The USD is taking back positions against a transitory higher Euro while Yen safe haven bidding is

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On Sunday, November 28, Prime Minister Scott Morrison, announced he would introduce legislation to parliament this week, the last sitting week of the year, that would force social media companies to reveal the identities of anonymous trolling accounts to allow them to be sued for defamation1.