Friday night saw the release of the latest US consumer sentiment figures that ended up pushing risk sentiment lower as the USD was bid higher against everything but gold while bonds and stocks sold off. Only tech stocks advanced on Wall Street with equity futures indicating a poor start for Asian shares this week. The
The Australian Bureau of Statistics (ABS) released its annual national accounts for the financial year 2023-24, which include detailed information on land values. Land values supporting the Australian housing market grew by 8.8% in the 2023–24 financial year. Australia’s land was valued at $9.2 trillion in 2023-24, with residential land ($7.7 trillion) comprising 84% of
The ABC’s Jacob Greber claims that the international education sector is an “export giant” that is being unfairly targeted by the federal government’s desire to lower net overseas migration. Greber argues that the government’s crackdown on the sector “undermine[s] Australian universities competing against attractive offerings in the UK, Canada and US”. “Limiting how many fee-paying