Over the weekend, the nation recorded its highest volume of auctions since March, with 3,258 capital city homes going under the hammer. Despite the strong volumes, the preliminary clearance rate was 70.0%. While this was down from 71.8% last week, the result suggested that buyer demand remained robust and is absorbing the higher volumes. Melbourne
DXY had a better night. AUD is caught between fear and greed. CNY up. Gold down, oil up. AI metals look toppy. Copper H&S? The chosen one, not. EM shaky. Junk is increasingly a worry as AI issues debt. Bad signal for risk. Yields up on the US reopening. Stocks dumped and pumped again. Goldman
Claire Field, a former regulator of the vocational training sector, warned in 2022 that a large number of South Asian students were arriving in Australia in “response to the unlimited work rights now available to those on Australian student visas”, enrolling in “lower quality and cheaper vocational colleges” to live and work. The surge in
By Lucinda Jerogin, Associate Economist at CBA The unemployment rate fell to 4.3% in October from 4.5% in September. New housing lending surged 9.6% in Q3 25. Tourism and student arrival numbers remain below pre-pandemic levels. Our CommBank HSI recorded its eighth consecutive month of gains, lifting by 0.6% in October to be 6.3% higher
It’s a Sunday and I can’t finish the lawn with a bit of moisture about. Someone flips an article by Abul Rizvi into play, and foolishly I read it. Doc Rizvi is slagging off the Institute of Public Affairs (IPA) for a release about immigration. I find myself reading both the IPA release and the
The ferrous complex remains paralysed by overly high iron ore prices. I have switched to Shanghai HRC (purple) prices from the national average, which may help explain some of the stickiness in iron ore prices. Despite the recent price falls in steel inputs, steel remains unprofitable. Production is being forced lower. But slowly so far.
Merchant.adventurers.of.london · DeepT Nov 25 Australian Inflation Interest Rates and the Need for Economic Policy reform As the Australian economy staggers towards Christmas 2025 with cost of living and energy pressures still hammering the electorate, Deep T and Gunnamatta discuss the dynamics surrounding current scope for the RBA to cut interest rates. Over about 45
International reading: Foreclosures surge 20% as Americans struggle to pay mortgages – and fears of 2008-style crash soar – Daily Mail Economist Stunned By Trump’s Latest Wild Claim: ‘Quite Literally False’ – Huff Post Ford CEO says he has 5,000 open mechanic jobs with 6-figure salaries from the shortage of manually skilled workers: ‘We are
A sea of read across Asian stock markets in response to the selloff on Wall Street as the premium for pricing in the re-start of the US federal government is being overshadowed by political events, namely a probable war in central America. Operation “Big Distraction” I think it’s called? Currency markets appear nonchalant however with
On Thursday, Stats NZ released data showing that 12,400 net migrants arrived in the year to September 2025, down from a net gain of 42,400 in the September 2024 year. The current migration inflow is also well below the circa 130,000 peak in 2023 and is below the decade average annual net inflow of about