Tonight I will be appearing on DFA Live with Martin North from 8.00pm AEST, where we will discuss everything to do with the housing market and economy. The YouTube feed is below. I hope to see you there.
The post Join me tonight on DFA Live with Martin North appeared first on MacroBusiness.
The Reserve Bank of New Zealand’s ultra-aggressive monetary tightening successfully disarmed the nation’s housing bubble, fully unwinding the explosive value gains recorded over the pandemic. As illustrated in the following charts from Justin Fabo at Antipodean Macro, New Zealand home values have fully retraced back to early 2020 levels in real inflation-adjusted terms after experiencing
JPM notes that markets are pricing for Trump trades. 1. All in on Trump Themes? Hedge Fund flows have shown a strong preference for Republican themes with Rep Winners (JPREPWIN) bought over the past few weeks, putting positioning near ~2yr highs, while Dem Winners (JPDEMWIN) were sold throughout the year and positioning at multi-year low. The relative Rep
Wherever the Grattan Institute appears, captured industry propaganda follows: It’s more than a year since Daniel Andrews, in one of his last acts as premier, set a target for Victoria to build 800,000 new homes by the end of the decade. Now the Allan government, with its plans to upzone for more housing around 50 train and
You have got to love it. Via ANZ: Concerns are building that a rise in uncontracted LNG exports from Australia are creating shortages in the east coast gas market. LNG producers currently expect to have 15 PJ of uncontracted gas in the first quarter of 2025, the same amount that is needed to refill the
Escalating costs are arguably the greatest barrier to meeting the Albanese government’s target of building 1.2 million homes over five years. The Urban Development Institute of Australia’s (UDIA) 2024 State of the Land report showed that Greater Sydney’s median lot price was $641,250 as of Q4 2023, Greater Melbourne’s was $394,250, South-East Queensland’s was $374,250, Perth’s
Former ACCC chairman Allan Fels and transport expert David Cousins released a report earlier in the year complaining about Transurban’s exploitation of Sydney motorists. The report also called for the NSW government to retake control of the state’s toll roads. Transurban owns 11 of New South Wales’ 13 toll roads, each negotiated under a separate
According to PropTrack, Western Australian home values have risen the most since the beginning of the pandemic in March 2020, rising by 78%: A boom in investors has driven part of this price increase. The following chart from PropTrack shows that the number of loan commitments to investors surged by 42% in the 12 months
It was exciting for the day. Goldman: The PBOC delivered 25bp cuts to both the 1-year and 5-year LPR today (Oct 21st) from 3.35%/3.85% to 3.1%/3.6%. The move was a small dovish surprise as the 25bp cuts align with the upper end of the 20-25bp range mentioned by the PBOC governor previously (vs. Bloomberg median
SHFE and SGX parted ways in the last 24 hours: Mad Dalian was thumped overnight: Near term, the steel market is still enjoying improved conditions: Daily average hot metal output gained for a seventh straight week, rising 0.5% to 2.34 million tons as of Oct. 18, while profitability climbed for the eighth consecutive week to