Money.com has released research suggesting “there could be more pain ahead for renters”. Money.com points to analysis of Australian Bureau of Statistics (ABS) Consumer Price Index (CPI) data showing that rents have risen by 14.2% over the past two years — more than double the overall inflation rate of 6.6%. This 14.2% increase reflects the
Justin Fabo from Antipodean Macro has published interesting charts showing how Australians continue to pay some of the highest mortgage rates in the world. The first chart shows that Australian mortgage rates on new home loans are the second-highest in the advanced world, behind those of the United States. Australia also has the equal highest
I appear to have written Peter Dutton’s gas policy, and what a Bobby Dazzler it is! Peter Dutton says the Coalition’s gas policy forcing LNG exporters to increase onshore supply and decoupling local prices from overseas markets will reduce wholesale prices by 23%, slash industrial retail gas bills by 15% and cut 7% from household
East Coast Australia has doubled its gas production over the past decade, yet the domestic market has been supplied with 25% less gas. Part of this decline in domestic gas use reflects demand destruction: the tripling of prices has caused manufacturers to shutter and reduced consumption. Despite being a major exporter, East Coast Australia now
Out with the new and in with the newer at the Lunatic RBA. Somebody has to be sacked. The Lunatic RBA has starved the pig for market day. There is no excuse for it. It’s been obvious for six months that inflation is beaten, yet it refused to budge. Now, we have a private-sector economy
The latest data from the Department of Education shows that a record 1.095 million international students were enrolled in Australia at the end of 2024. This was up by around 150,000 from the pre-COVID peak in 2019 and around 500,000 higher than a decade ago. It is astounding how a media outlet such as The Guardian
The Market Ear on the extreme bear. Equities S&P 500 decline has been more severe than the median bear market at this point in a sell-off. Source: Morgan Stanley 9th worst Weekly performance for the S&P 500 since WWII – last week’s decline (-9.1%) was the 9th worst. Source: Deutsche Bank In terms of sectors
Another ugly night on Wall Street that started out as a lovely time had by all as equity markets across both sides of the Atlantic rebounded on hope that everything is going to be ok. But that was a lie as the Fanta Fuhrer again spoilt the party after first suggesting a delay in new
DXY is hanging in there. AUD is not. As lead boots turn to concrete shoes. Commodities are the screaming meteor of death. Landing on big miners. EM lol. The junk skunk! Uh oh, Treasuries are selling with everything else…hello, Liz Truss moment. Stocks whoa. Here is your new world order chart with Trump’s 50% increase
Tom Elliott from Radio 3AW outlined multiple reasons why he believes Australian home prices will boom amid the fallout from the Trump administration’s trade war. First, Elliott argued that the share market rout is likely to see a flight to the perceived safe haven of property. “When the share market gets the wobbles as it