CoreLogic has identified 65 markets in Sydney and Melbourne where values are below record highs from the 2010s, and vendors are even willing to sell at a loss. Despite the lower prices and improved housing affordability, buyers are refusing to bite, which CoreLogic attributes to “the wrong kind of supply”. CoreLogic notes that underperforming markets
As I have said many times before, public discussion should be governed by some fifth law of thermodynamics that triggers spontaneous combustion in the hypocritical, malreasoned and oxymoronic. If it were so, the fake left would be entirely depopulated. The Guardian useful idiots are at it again: The Coalition and the Greens have decided to
The idiocy of Australia’s energy policy is on full display once again, with the Victorian government reportedly looking to approve a floating LNG terminal in the middle of Port Phillip Bay amid the decline in Bass Strait gas: “Royal Vopak, an international energy terminal developer, told The Australian Financial Review it had been in discussions
Australian dollar bulls are longer today than at any time since 2018: Which is a contrarian signal as they get minced by DXY recovery: AUD slain: If CNY rolls, China stimmies go bye,bye: Oil is about to become a global anti-semitism index. Bombing Iranian oil is a bad idea: Metals are stalled: Big miners too:
The Market Ear with the latest equity internals. Will we… …see the elections bump? DB reminds us: “…equities typically sold off by 4-5% about a month going into election day and then rallied to year end on a clear resolution.” DB 4% US 10 year trading just above the massive 4% level. Note the negative
All eyes remain on the broadening Middle East conflict as oil prices spiked again while the USD remains firm given Friday night’s strong non-farm payroll print. Risk markets are still in a flux with Wall Street restarting the trading week with some losses while the USD kept Euro well below the 1.10 level as the
The Coalition is considering stripping the Australian Prudential Regulatory Authority (APRA) of some of its powers to regulate mortgage borrowing and overhauling credit laws to make it easier for first home buyers to borrow for housing. Some Coalition MPs also want to scrap responsible lending laws, which put the onus on the banks to verify
The Federal Chamber of Automotive Industries (FCAI) released new car sale data for September, which showed that overall sales fell by 12.4% versus the same month last year. FCAI Chief Executive Tony Weber noted that “the September result shows that the state of the economy is impacting purchasing intentions”. However, it was the first time
It’s no secret that every investor’s biggest desire is to maximise their investments. There are a plethora of strategies that they can consider to reach that goal. For some, this could involve collaborating with other individuals or businesses to take advantage of the benefits that come with shared stock ownership. Being a part of joint
The world’s largest commercial real estate group, CBRE, released its Apartment vacancy and rent outlook for Australia, projecting that the rental crisis will last until at least the end of the decade. CBRE expects that median Australian rents will grow by 25% between 2024 and 2029, well above projected CPI inflation. CBRE also projects that