Cotality’s latest chart pack reported that the value of Australia’s residential housing stock has risen to $11.8 trillion spread across 11.4 million dwellings. As a result, the average dwelling in Australia is now valued at an extraordinary $1,035.000: Not surprisingly, then, a million-dollar price tag is becoming more common across Australia, with Cotality’s latest Million
Here is the problem. Anthony Albanese has publicly endorsed Kevin Rudd and confirmed Donald Trump told the Australian ambassador “all is forgiven” for the ambassador’s past criticism of the US President. The Prime Minister also confirmed Dr Rudd’s appointment as Ambassador to Washington was for a four-year period, which means he would stay in the
Earnings on Wall Street failed to get things moving overnight amid a lack of other economic or macro catalysts with most risk markets returning scratch sessions or barely higher in the end. The standout however is USD which is pressuring Euro and the other major currency pairs even as the Trump regime holds the US
DXY is not going away. AUD is not out of the woods. CNY sideways. Gold hammer. As I keep saying, for a safe haven, gold is very volatile. AI metals hit too. Is the big bear over? In AUD, yes. EM reversed. Junk is still struggling. Bonds are bidly. Stocks struggled. Are we late cycle
Last week’s dwelling construction data was an absolute disaster. In the June quarter of 2025, only 40,524 homes completed construction, which was the weakest quarter of dwelling completions for 11 years (i.e., since the March quarter of 2014). In the 2024-25 financial year, total dwelling completions fell by 2% to 174,030, from 177,600 the previous
Asian share markets have continued their strong rebound on the Trump TACO trade helped along by calm returning to Japanese politics with a new PM while local markets saw a lift in rare earth miners on the back of the Albo “deal”. Currency markets are treading water without much change as the USD tries to
Credit Agricole has a wrap on the broader themes. China’s 4th Plenum will take place on 20-23 October to discuss the 15th Five-YearPlan (FYP), outlining China’s medium-term strategic plans for economic and social development in 2026-30. The 15th FYP will likely prioritise technological innovation to achieve high-quality growth and ensure high-level security. While the FYP
By Ross Elliott, cross-posted from The Pulse: A million people generate a lot of demand for things. Hospitals included. In Australia, we need on average 1 hospital bed for every 270 people, so that’s 3,703 beds for 1 million people. Based on a large hospital of say 500 beds, that’s roughly 7.5 hospitals for 1 million
Last week’s dwelling completions data from the Australian Bureau of Statistics (ABS) showed that in 2024-25, the Albanese government fell 65,970 (27%) behind the National Housing Accord’s target, which requires 240,000 homes to be built annually for five consecutive years. It also means that Australia will have to build around 256,000 homes annually over the
There is no substitute for stupidity in Australia. We do it better than anyone. If energy ran on stupidity, we would have the cheapest power in the world. Fresh from telling southern states that it can’t have any QLD gas, the Crusifulli government has added to the state’s energy woes. Queensland secures deal for first