Blogotariat

Cotality has released its final auction results for last weekend, which recorded a clearance rate of 71.7% for Sydney—the highest of the major capital cities. Sydney’s clearance rate held above the 70% threshold for the third consecutive week, coming in at 71.7%—the strongest result in five weeks. Sydney’s monthly average final auction clearance rate now stands

The post Are Sydney house prices ready to launch? appeared first on MacroBusiness.

There is nothing a central banker likes more than to waste money while forcing everybody else into austerity. The cost of renovating the RBA’s asbestos-ridden head office in Sydney’s Martin Place has risen to $1.2 billion, prompting the newly installed governance board to consider selling the building and walking away from the troubled project. The

The post The RBA’s big, black building appeared first on MacroBusiness.

Five community batteries power up across Perth, designed to soak up excess rooftop solar, help cut energy bills, lower emissions and improve local power reliability.

With the release of the Reserve Bank of Australia’s (RBA) latest Statement on Monetary Policy last week, the media focus was swiftly placed squarely upon the RBA’s forecast that productivity growth would be anaemic 0.7% per year on a long-term time horizon. But buried in the RBA’s lengthy forecast table was perhaps an even more

The post RBA forecasts sets scene for raining rate cuts appeared first on MacroBusiness.

The ferrous complex remains weak despite an overnight convulsion. Led by steel prices is bearish. Bloomberg. Some mills in Tangshan had received notices to restrict sintering machines by 30% from late August to early September, while other plants had been ordered to cut blast furnaces by 40%, according to a survey of 21 mills by

The post Iron ore keeps falling appeared first on MacroBusiness.

Recent data from Jobs & Skills Australia (JSA), published in The Australian, showed that there were an abundance of applicants per job, suggesting that concerns around labour shortages are overblown. At the economy-wide level, there were 29.3 applications per vacancy, 9.4 qualified applicants per vacancy and 4 suitable applicants per vacancy: Separate recruitment difficulty data

Below is a brilliant guest post from MB reader Erin Rolandsen, CEO of Angelassist: The quality of our lives is determined by the quality of the questions we ask. Today’s productivity summit will ask how to clear the backlog of 30,000 environmental approvals holding up construction. The result is embedded into the question—houses must rise,

DXY is refusing to go away. AUD is going away. CNY not. I’m wary of gold here. Metals dead cat. Miners plain dead. EM rolling. Junk doesn’t care. Yields are falling in a growth scare. Stocks could catch that bug. At issue is a Fed that the market has gotten wrong. In their discussion of

The post Australian dollar pushed to brink by Fed growth scare appeared first on MacroBusiness.

Growth! S&P flash PMI. Flash Australia Composite PMI Output Index: 54.9 (Jul: Index, sa, >50 = growth m/m % qr/qr 53.8) Flash Australia Services PMI Business Activity Index: 55.1 (Jul: 54.1) Flash Australia Manufacturing PMI: 52.9 (Jul: 51.3) Flash Australia Manufacturing PMI Output Index: 53.9 (Jul: 52.3) Australia’s business activity growth accelerated midway through the

I have argued from the outset that this week’s productivity summit in Canberra will fail because it won’t address the two most important factors that are wrecking the nation’s productivity: excessive immigration and expensive energy. Australia’s immigration program is simply far too large, poorly targeted, and of low quality to deliver positive outcomes for productivity

Exemplary Energy has published in-depth data sets are available for 225 sites across Australia.

US President Donald Trump has called Benjamin Netanyahu “a war hero” as the Israeli prime minister faces a global backlash over the Gaza humanitarian crisis and the Jewish state’s continued military campaign in the Palestinian enclave.

In an interview with conservative commentator Mark Levin on Tuesday, Trump called Netanyahu “a good man”who he said is “there fighting.” 

RBA interest rates have so far delivered roughly $500 per month in relief to the average mortgage. This is great, but it is not going to move the consumer needle. Why? Two words for you. Gas cartel. The average household pays $3,000 in utility bills, and they are about to rise by about 40%. That’s

The post Why the Aussie consumer is still stuffed appeared first on MacroBusiness.