The Real Estate Institute of New Zealand’s (REINZ) House Price Index (HPI) reported a 16.7% decline nationally from the market peak reached in 2021. This has taken real inflation-adjusted house prices back to their pre-pandemic level at the start of 2020: Independent economist Tony Alexander has released a report arguing that “the pace with which
Sales by floor area are terrible: Much worse than worst cases: Inventory stuck fast: And completions peeling towards next year’s cliff: No rescue coming from here for commosities.
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Perth house prices are booming, with values increasing by 23% in the year to August to be up 76% since the beginning of the pandemic in March 2020: Despite the surge in values, Perth’s housing market remains relatively affordable, with median dwelling values tracking $110,000 below the national capital city average in August: Perth has
MB has studiously avoided taking any position on the Israel War. It’s simply not relevant to the Australian national interest. The MSM has sort of divided down partisan lines without much enthusiasm. Why, then, has the MSM taken to broadcasting video of Israeli terror attacks on Hezbollah and Gazans via pagers and walkie-talkies? Are videos
The fake left might be the single most evil entity since WWII. For years, I have tried to make the fake left see reason on gas. We need it for the energy transition. But we don’t need it from a monopoly cartel that drives electricity prices mad. The worst offender on this front is Melbourne
The Greens and the Coalition have become strange bedfellows on building-to-rent (BTR) housing. Earlier this month, Coalition spokesman on homeownership, Andrew Bragg, cautioned against BTR, warning that it would “put Australia on a path to emulate the US’s corporate housing model”. “We do not want to emulate the American corporate housing model. We want people
Victorian Premier Jacinta Allan’s grovelling tour of India continues, with Allan telling the International Education and Skills Summit, one of India’s largest events for the industry, that she wants more Indian students coming to Victoria: “Victoria is Australia’s number one destination for international students and the number one destination for Indian international students, and we
MB Radio is thrilled to bring you an exclusive interview with your Prime Minister, Honest Albo:
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And so begins another systematic chase of the highs. The Market Ear has more. Typically rally As overnight futures trading strong, it is worth remembering that equities typically rally following the first Fed cut if no recession Goldman 100% The Fed has cut rates with stocks near all-time highs 20 times. The S&P 500 was
SHFE is flat and SGX rose: Mad Dalian is back: Coking coal less so: The rally has very weak underpinnings: …inventories of imported iron ore held by 64 Chinese steelmakers dropped by 0.4% from the prior week to 10.9 million tons as of Sept. 18, Chinese consultancy Mysteel said in a note, attributing the