Australia’s auction market has been stuck in a firm bear market, with the monthly average national final clearance rate falling to its lowest level of the year last week, dragging down price growth: The following chart shows how Sydney has driven the national auction clearance rate decline: The auction market rebounded this weekend, with CoreLogic’s
International Reads: Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt – CNBC The real reason Walgreens and other pharmacies are failing – MSNBC Trump family gets 75% of crypto coin revenue, has no liability, new document reveals – CNBC Middle-class Americans aren’t keeping up with the cost of
Lots of action on Asian risk markets although stocks remain somewhat mixed after the release of Japanese inflation figures and the start of PBOC stock buybacks. The USD remains strong against the undollars following the rate cut from last night’s ECB meeting. Australian stocks have pulled back while the Aussie dollar is having a peekaboo
I noted earlier this week how net overseas migration continues to run hot, despite moderating somewhat from last year’s peak. Over the first eight months of 2024, Australia received a record 358,964 net permanent and long-term arrivals. This was about 5,000 higher than last year’s record arrivals and 115,500 higher than the same period in
Ah yes, the fake left: More than a quarter of a million renters could own their own homes if Labor revived dumped plans to wind back generous tax breaks for residential property investors, new analysis shows. A Parliamentary Library analysis of NSW Treasury modelling and census data, commissioned by Greens MP Max Chandler-Mather, found home
Twice this month, I have attacked the Coalition’s Andrew Bragg for promising to ease lending standards to help, including by scrapping responsible lending laws (see here and here). I have argued consistently that twenty years of empirical evidence demonstrates that demand-side “affordability” measures, such as looser credit provision, have helped push up the price of
Last week, Coles and Woolworths senior executives were asked by a senate inquiry into the cost of living why a packet of TimTams cost more in Australia than in the United Kingdom despite being made here. A packet of TimTams cost $6 at both major Australian supermarkets versus $4.86 at Tescos, a popular UK supermarket
Strategic Property Group managing director Trent Fleskens warned that it is highly unlikely that the Albanese government’s housing targets would be met, meaning that Australia’s structural housing shortage will inevitably worsen. “This is a boom fuelled by two things: cost inflation and mass immigration – neither of which are abating to levels our industry can
The e61 Institute has published an interesting report examining so-called “visa hopping” by international students to extend their stays in Australia. e61 found that the share of visa hoppers has increased “very sharply over recent decades, from about 2.5% for those receiving their graduate visa in 2009 to over 25% for those receiving it in
Markets are repricing across the spectrum for a Trump win but not analogue bitcoin when it is arguably one the most vulnerable. UBS has more. 1. Gold’s recent performance has largely been driven by demand from central banks, especially China. 2. Risks to gold prices are now skewed toward a potential move lower. 3. Chinese