According to Cotality (formerly CoreLogic), Australian rental affordability has never been worse, with tenants required to sacrifice a record share of their income to rent the median home. This decline in affordability follows a circa 50% increase in asking rents since the pandemic. Last week, leading apartment developer Tim Gurner warned that Australia’s rental crisis
The construction sector has experienced the nation’s highest rate of insolvencies, with 2,795 firms failing this financial year, up 24% on 2024. As illustrated below by Justin Fabo from Antipodean Macro, construction sector insolvencies are tracking at around double the pre-pandemic norm: Mirvac CEO Campbell Hanan warned that the failure of around 7,000 builders and
DXY continues its rebound as the world restocks US assets. AUD is holding support. Lead boots too. Gold look very shaky. Thankfully, so does oil. Metals are nervous about growth. Miners meh. EM is shit. But non-China EM is worth a look. Junk’s got some spunk. Yields are a pest. Any higher and the rally
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There’s been a lot of discussion in the last few days about the merit of Australia’s electoral system. In response to some conservative attacks on our preferential system, sometimes implicitly or explicitly suggesting a first-past-the-post system would be somehow more legitimate.
The latest data suggests that momentum in the housing market has softened as buyers await further interest rate cuts from the Reserve Bank of Australia (RBA). This week’s mortgage finance data from the Australian Bureau of Statistics (ABS) showed that the value of new housing lending declined by 1.6% in the March quarter, taking the annual
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International Reading: DOGE worker admits the government works fine and was hoping for more easy wins. – Futurism What has Elon Musk’s Doge actually achieved? – FT Mike Johnson Argues Congress Needs Stock Trading to ‘Support Their Families’ Due to ‘Frozen’ Salaries – Latin Times GOP civil war breaks out over Medicaid as right calls
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Keir Starmer’s attack on our planning system is an almost-perfect repeat of Boris Johnson’s disaster. Why can’t he see that?
By George Monbiot, published in the Guardian 15th May 2025
The precedent is uncanny, and the failure to learn from it downright mystifying. Keir Starmer is rushing gladly towards the catastrophe Boris Johnson inflicted on himself in 2020. Had he set out to stymie Labour’s chances of re-election, he couldn’t be doing it better.
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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