It was bad enough that Raja Albo aborted wage growth and dropped a rent bomb via the mass immigration of Indian scabs.

In 2009, the former Rudd government decided to allow temporary migrants to acquire Australian homes. The subsequent surge in temporary migration, especially among international students (with China accounting for the largest proportion), increased the demand for residential properties in Australia from foreign nationals.

Following the Fed, the ECB meeting last night saw another rate cut which helped boost European stocks and pushed the USD higher until the latest US GPD print which missed slightly, upsetting some expectations.

DXY is back.

CoreLogic’s daily dwelling value results for January show that home values across the five major capital city markets declined by 0.2% over the month, driven by falls of 0.4% and 0.6% across Sydney and Melbourne. By contrast, home values across Brisbane (0.4%), Adelaide (0.7%), and Perth (0.4%) rose in January.

Domain’s house price report recorded a median house price for Sydney of $1,645,444 at the end of 2024, more than double the $811,000 median price in 2014.

Asian stock markets are barely positive in reaction to the slightly hawkish tone the Fed took last night at the latest FOMC Meeting, with volatility still looking through the increasingly isolationist and tariff based US trade policies.

In generations past, Australian businesses trained their workers.

Late last year, Australian Prudential Regulation Authority (APRA) chairman John Lonsdale warned that the number of Australian households experiencing severe mortgage stress had nearly doubled since 2016 and was trending higher amid the Reserve Bank of Australia’s (RBA) aggressive monetary tightening.

Yesterday I recounted the shocking history of Grattan Institute’s destruction of Australia’s energy transition, sponsored all along by the East Coast gas cartel.

According to PropTrack, national median advertised rents have surged by 47% since December 2019.

NVIDIA took a tumble this week as DeepSeek fears overran the market.

Anyone who hoped that a Coalition government under Peter Dutton would seriously cut immigration needs to confront reality.

Goldman’s Andrew Boak has been far ahead of the pack on the RBA. Australia’s headline CPI rose 0.22%qoq in 4Q2024, with year-ended inflation easing 38bps to 2.42%yoy. The outcome was below market expectations (GSe: +0.4%qoq, +2.6%yoy; BBG: +0.3%qoq, +2.5%yoy) and the RBA’s standing forecast (Nov SMP: 2.6%yoy).

The Market EAr with mwhahaha… Fighting with the 200 day NVDA is trading right on the 200 day moving average as of writing.

Opposition leader Peter Dutton has promised to take moderate action to curb housing demand in a bid to make homes more affordable for Australians.

The Chinese property slowdown is back, led by lower-tier cities.

Wednesday’s Q4 CPI release from the Australian Bureau of Statistics (ABS) has increased pressure on the Reserve Bank of Australia (RBA) to cut the official cash rate. The headline CPI rose by 0.2% in Q4 2024 and the annual rate fell to 2.4% (i.e., around the middle of the RBA’s target band).

The latest FOMC meeting has come and gone with only a slight change in language as the US Fed negotiates the new “American Psycho Part 2” volatility.

DXY is back.

KPMG Australia is upbeat about the outlook for the housing market in 2025, spurred on by expected interest rate cuts.

There really is not much more Tony Wood of the Grattan Institute can do to destroy Australia’s energy transition.

The superannuation guarantee is scheduled to increase to 12% in July, and Assistant Treasurer Stephen Jones says the federal government has no plans to expand it further.

According to 9News, the Australian Olympic Committee has backed a bold, new proposal by Swimming Australia and other aquatic sports to build a multi-million dollar complex for Brisbane 2032.