After months of strong results, Australia’s auction market has experienced a loss of momentum alongside a stalling of price growth. Last week’s final auction clearance rate fell to 67.1%, the lowest clearance rate in six weeks. PropTrack also recorded slower price growth over the July quarter: Cotality’s preliminary auction results for this weekend indicate a pause
International Reading: Trump 2.0 is “Hoover 3.0.” GDP growth under Trump 1 was the worst since Hoover. But with tariffs, he’s now beating his own record. – Independent Social Security Predicted to Run Out of Money Sooner Due to Trump Bill – Newsweek Almost 90% Of Americans Are Worried About The Cost Of Groceries –
Asian share markets are having a poor final session for the week although Japanese shares are seeing a big bid in response to tariff reversals while the latest BOJ meeting summary was met with appreciation. Yen was relatively steady against USD but other currency pairs continue to push the once mighty King dollar down again
By Stephen Saunders Despite July’s highly aggressive return-visit from UNFCCC bovver-boy Simon Stiell, the Coalition seems unlikely to seriously challenge Labor’s net zero cult. Albanese Labor enjoys a masochistic relationship with the pro-China United Nations. Following UN open-borders precepts, massive immigration induces 75-80% of our (unnecessary) population growth. It is nearly as silly as the
One of the negative side effects of the Australia-United States Free Trade Agreement (AUSFTA), which took effect in 2005, was that it increased patent and copyright terms, raising the price of drugs and copyrighted products. Thomas Faunce of ANU assessed that AUSFTA “undermined Australia’s PBS” by “allowing the US to alter the basic processes of
Goldman shows why Australia’s rental shock isn’t over. Weekly data from SQM suggest growth has picked up somewhat over recent months (Exhibit 6). The SQM data tends to lead CPI rent inflation, given SQM measures average rents across the flow of newly advertised properties, whereas the ABS measures rents across the entire stock of rental
Ferrous market prices are holding as steel output plunges. CISA has been catching down to cratered offical data in recent months. Chinese export data for July showed steel exports still going strong, but iron ore imports are down 2.3% year to date despite being up 4.7% in the month. After a tough start to the
In the lead-up to the 2022 federal election, Labor promised to run a smaller immigration policy if elected. However, as soon as they came to office, they convened the Jobs & Skills Summit, which was packed with pro-Big Australia shills, and used it as cover to gain a fake consensus to ramp immigration to record
In a recent tweet, Yellow Brick Road (Home Loans) Executive Chairman Mark Bouris made the case that Australia needs to act with confidence and for our leaders to put our nation first. In this Bouris is very much correct; Australia needs leadership that looks at the true state of the economy and our society in
What a sad sack of Labor leaders these two are. One is a backroom bovver boy with the economic nous of a gnat. The other wrote a PhD on economic reform and political bravery to fill the void of his own cowardice. Like many successful political partnerships, their point of difference is that they are