“Stubborn empty nesters” refusing to downsize from their family-friendly homes have become Australia’s latest housing scapegoat. In April, the Daily Telegraph’s Taylor Troeth cited research from Australian Seniors showing that two-thirds of empty nesters in NSW “were still living in large family homes with no plans to sell, despite research showing this could free up
By Belinda Allen, head of Australian economics at CBA: The August monthly CPI surprised to the upside. There is clear upside risk to Q3 25 CPI and makes a November RBA rate cut not a done deal. The week ahead brings the RBA Monetary Policy Board meeting. We expect the cash rate to remain steady
Australian house prices are already at their highest level in history and are beginning to surge higher. According to Cotality, last week’s combined final auction clearance rate rose to 71.6%, which was the capital cities’ highest result since early June 2023 (73.1%). It was also the third time in five weeks that the final clearance
International Reading: Scott Bessent tells NYC to ‘drop dead’ while he arranges a $20b swap line for Argentina’s chainsaw-wielding, dog-cloning president – Fortune Trump Admits Farmers Are Getting Screwed By His Tariffs – Daily Beast The man Trump nominated to undermine Fed independence once wrote a scathing critique of how the Fed wasn’t independent enough
‘C’mon Queenslanders, you know it’s what your heart craves…..’ AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Friday evening video selection Mearsheimer and Hugh White – good discussion Varoufakis and Technofeudalism Jack Ma and the global economy The BOM Trump Russia