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CoreLogic weekly house price update: Rising again

January 14, 2022 - 13:43 -- Admin

In the week ended 13 January, the CoreLogic daily dwelling values index rose 0.25%: All major capitals rose in value with Adelaide and Brisbane leading the way: So far in 2022, dwelling values have risen by 0.49%, driven by Adelaide (0.90%) and Brisbane (0.86%): Quarterly growth has slowed to 2.88%, driven by Brisbane and Adelaide:

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What will OMICRON do to China?

January 14, 2022 - 13:35 -- Admin

Deutsche with the note: Omicron detected in Tianjin and Henan China’s first Omicron outbreak was detected in the city of Tianjin over the weekend. On the morning of Jan 8, two patients in Tianjin who actively sought medical treatment were confirmed as being infected with the Omicron variant. The local government immediately locked down certain

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Queen illustrates why the Republic is garbage

January 14, 2022 - 13:16 -- Admin

The Windsor’s know what to do when institutions are overwhelmed by sleaze: The Duke of York was stripped of all military titles and patronages by the Queen and agreed no longer to use the moniker “His Royal Highness”, in an attempt to protect the Royal family from the fallout of his sexual abuse case. That

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Queensland COVID daily cases push national total towards 130K

January 14, 2022 - 13:00 -- Admin

Queensland has seen three more COVID deaths, all from unvaccinated persons (two were people in their 70s and one was in their 60s), and nearly 24,000 new cases, taking the total national new case for today towards the 130,000 level. The peak is not yet in according to Queensland CHO Dr John Gerrard: That’s the question on

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Investor mortgage demand hits all-time high

January 14, 2022 - 11:51 -- Admin

The Australian mortgage market rebounded in November, according to new data released today by the Australian Bureau of Statistics (ABS). The total value of new mortgage commitments rose by a seasonally adjusted 6.3% in November 2021 to be up 33.2% year-on-year: Investor mortgage demand has finally surpassed its 2015 peak. They are also growing at

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Morriscession rips as god grants exceptions

January 14, 2022 - 10:30 -- Admin

Westpac credit card data is the latest to record the shock: After hitting new post-COVID highs in the lead-in to Christmas, the Westpac Card Tracker Index has fallen away sharply since the turn of the year, average index reads over the weeks ending Jan 1 and Jan 8 down 10pts compared to the last two weeks of Dec.

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Daily iron ore price update (quick and violent)

January 14, 2022 - 10:00 -- Admin

The ferrous complex flamed out on January 13, 2022 as Chinese property hit the kids: Is that it? Who knows! What we can observe is that the recent bullish hysteria will have nicely bloated the holdings of speculators and steel mills even as the demand outlook doesn’t improve at all and we head into both

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Chinese property hard landing deteriorates

January 14, 2022 - 09:30 -- Admin

As much as markets would like it to be over, it isn’t. It’s getting worse. Developer junk spreads exploded yesterday to new records: It took in all of the usual suspects: But, more alarmingly, it is dragging in the largest and most well-regarded developers in the country. Country Garden is the largest in the market

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Australian dollar safe haven rises as markets fall

January 14, 2022 - 09:00 -- Admin

DXY continued to swoon last night as it shakes out the longs: That was enough to lift the Australian dollar despite falling markets though not so much versus crosses: Dirt remained bid: Miners were softer: EM stocks flamed out: As EM junk sends a crystal clear warnig that all is not well. The divergence from

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