Earlier this year, CBA published the following chart showing the extraordinary correlation between the ratio of population change to unit completions and asking rents: In a nutshell, when population growth exceeds apartment construction, rental inflation rises, and visa versa. As we know, Australia’s population growth whiplashed over the past four years. Population growth crashed over
SHFE is hanging in: Dalian too: But there’s not much the cheer about. Property is up but well…meh… Rebar demand ain’t up. Better luck with infrastructure: Consumption sure ain’t a party: Doesn’t look like any stimmy “bazooka” I’ve ever seen.
Way back on May 21, 2022 when the Albenese government was elected, an energy shock erupted owing to Ukraine War profiteering by the East Coast gas cartel. By May 30, I wrote a long piece noting that the government faced a choice. It could tackle the East Coast gas cartel head-on and become a multi-term
Westpac economist Pat Bustamante has released a detailed report on the 2023-24 annual national accounts, which showed that the economy grew by 1.4% over the year. Bustamante notes that with public demand transitioning to a new record share of the economy, measured productivity growth will necessarily remain soft. Westpac shows that productivity growth in the
Tech stocks dragged Wall Street back from exuberance overnight as traders position themselves for the end of month volatility and then tomorrow night’s US non-farm payrolls employment print. The latest US GDP print came in slightly lower than expected, and combined with election volatility gave the USD some pause as it fell back against Euro
Australian house prices have turned multispeed, with parts of Australia still booming and other parts entering a correction phase. CoreLogic’s daily dwelling values index shows that prices at the 5-city aggregate level rose by 0.3% in October. However, there was wild variation across the major markets. As shown above, values declined in Sydney (-0.1%) and
DXY finally flamed out: Cutting AUD some slack: And North Asia: Gold is going to end badly. Oil bounced: Dirt down suggest the Chian stimulus leak was not well received: Miners same: EM same: Junk is worried: As yields climb while robots sell: Stocks are going to get pressure: White House fever appears to have
The ABC’s Gareth Hutchens published an article explaining the incompatibility between Australia’s growing population and reducing its carbon emissions. Hutchens quoted remarks from a Lancet study into global fertility rates published this year, which notes that lower population growth would assist the world in reducing its carbon footprint. “A 2012 study suggests that if global
With the federal election due by 20 May 2025, polling suggests Australia is headed for a hung parliament. Australian households have endured their largest decline in disposable incomes on record, with mortgage holders bearing much of the brunt. The cost of living is a major concern of voters. Other Anglosphere countries, including New Zealand, Canada,
‘Between the showers, at milking time’ William Ford, 1884, Art Gallery of SA AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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