Last week saw Australia’s housing minister, Clare O’Neil, launch a propaganda campaign to distract voters from Labor’s housing failures. First, O’Neil tweeted that Labor that “for the first time in a decade, new homes are being built faster”, and that Labor is making homes more affordable by building more of them. O’Neil’s propaganda came as
By Lucinda Jerogin, Associate Economist at CBA: It was a quiet week in Australia with a dearth of data releases. News offshore was dominated by trade headlines as US-China tensions flared and subsequently cooled. The US Government shut down continued. Next week locally all eyes will be on the all-important quarterly CPI ahead of the
DXY is not going away. AUD is at the top of its recent range. CNY has given up the ghost. Gold is still vumnerable in my book. AI metals to the moon. Rio is the chosen one. EM breaking higher. Junk is back at the core but not the periphery. Yields stalled on oil. Stocks
The Albanese government launched its 5% deposit scheme for first-home buyers at the start of the month. The First Home Guarantee scheme allows an uncapped number of first-home buyers to purchase a home using only a 5% deposit, provided they do not exceed the generous price caps illustrated in the following table. For every home
International Reading: The Mother of All Corruption: Is $300 Million the Largest Bribe In Human History ?: White House releases donor list for Trump ballroom amid East Wing demolition – The Hill White House ballroom update: Trump raises price by $100 million – News Week Beyond Meat is falling back to earth after rallying 1,300%
Risk markets are again pivoting on more tantrums from the Oval Office as the Trump regime lashes out at Canada and Venezuela via the usual online 12-year old boy tantrums from the Mango Mussolini. Asian share markets brushed off the histrionics and are seeing strong bids to finish the trading week but all eyes will
Domain has published its home price figures for the September quarter, which show that the median house price in Sydney reached a record high of $1,751,728 following a 6.3% annual increase. Sydney units also increased to a record high of $840,422 following a softer 2.7% annual increase. As shown in the table below from Domain,
As we know, the RBA is intellectually bankrupt. It refuses point-blank to ever mention immigration as a macro input, making it impossible to forecast wage growth and inflation. This has now reached such a point of such absurdity that a new regime RBA, that was ushered in for precisely the failure described above, has become
By Stephen Saunders As the Labor-Liberal uni-party institutionalises mass migration and fake net zero, the March for Australia protests continue. After October 19, the next one is Australia Day. In Australia, the distinction between the “left” and “right” wings is less and less useful. It’s theatre. The more useful distinction is the top 1-20% versus
The Market Ear has more. The “healthy” reset 1. Gold has pulled back into key support at $3,944–4,000, likely forming the base of a new consolidation within an ongoing bull trend according to JPM’s commodities team. 2. The bank expects central banks and Chinese buyers to provide solid dip demand as stretched investor positioning eases.