Cotality (formerly CoreLogic) has published its daily dwelling value index for 31 May, which covers Australia’s five major city housing markets. Dwelling values rose by 0.5% in May at the aggregate 5-city level, with all major markets recording solid increases: Over the May quarter, dwelling values rose by 1.2%, with Brisbane (1.6%) leading the way,
The Albanese government’s National Housing Accord commenced on 1 July 2024 and requires the construction of 1.2 million homes over five years, which equates to 20,000 homes per month and 240,000 homes a year. As illustrated in the next chart, the 240,000 annual housing target is beyond anything Australia has ever achieved before and way
International Reading: Elon Musk wants to rollout robotaxi in Austin in two weeks – Fortune America has a billionaire problem — we need a wealth tax to fix it – The Hill The Republican budget is an attack on the American economy – Public Notice Tariffs, and Trump’s entire economic agenda, were just thrown into
The TACO in Chief is again threatening more tariffs on the EU just 24 hours after a yeah-nah decision by US courts to remove then reinstate the global tariffs, which of course is translating into a lot of hesitation on risk markets. This comes just after clear signs that a US recession is underway while
This week, I was interviewed by Andrew Bolt from Sky News on the latest housing forecasts from the federal government’s advisory body, the National Housing Supply and Affordability Council (NHSAC). Edited transcript Andrew Bolt: The government’s National Housing Supply and Affordability Council (NHSAC) has put out its annual report, the State of the Housing System,
A slight exaggeration perhaps, but certainly looser than the always wrong RBA would have you think. Via Goldman. A key uncertainty in Australia’s monetary policy outlook is whether the labour market is still operating above full employment and therefore a source of inflationary pressures. In our view, the labour market has arrived at a ‘sweet
DXY wobbling all over. AUD is stuck but still in a rising channel. Lead boots are a little lighter. Oil and gold becalmed. Metals no bueno. Mining big bear. EM meh. Junk OK. Have yields rolled over? Liberating stocks? The EUR, and its supposed fiscal underpinnings, is a big story about AUD strength. Credit Agricole.
Via the ABS. Key statistics The April 2025 seasonally adjusted estimate: Total dwellings approved fell 5.7%, to 14,633. Private sector dwellings excluding houses fell 19.0%, to 4,999, while private sector houses rose 3.1%, to 9,349. The value of total residential building fell 1.3%, to $8.91b. The value of non-residential building rose 14.7%, to $7.91b. Oh
Via the ABS. Key statistics The April 2025 seasonally adjusted estimate: Fell 0.1% month-on-month. Rose 3.8% compared with April 2024. Pretty much straight down since the February sales pop. Maybe a bit election-affected?
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The Market Ear on the market paralysis. Still stuck SPX futures stuck in the 5800/6000 range with a rather big rejection candle today. We are not getting excited until SPX breaks out, either way. Past few weeks is mostly just noise. Source: LSEG Workspace Twiterati illuminati Twitter Sentiment looks like crypto chart. The indicator is