The Herald-Sun reports that Melbourne is set to become Australia’s largest city by 2027 with a population of 5.7 million: In late January 2027, experts forecast that Melbourne will overtake Sydney to become the number one metropolis as its population approaches 5.7 million. According to federal government data it might have happened significantly earlier had
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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
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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The ferrous complex was firm on October 29, 2021 as hope trumped sense in the ongoing bear market rally. Spot was up, paper boomed but steel fell: It’s pretty much all bulldust in this market now: Iron ore futures in Singapore jumped nearly 10% as optimism over a bout of restocking by China’s steel mills
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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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The unprecedented boom in the New South Wales property market has driven stamp duty receipts to a fresh all-time high, according to data from Office of State Revenue. In the year to October 2021, stamp duty receipts surged 65% to a record high $9.4 billion: Average stamp duty has also risen to a record high
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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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