In June 2024, AMP chief economist Shane Oliver presented the following chart estimating that Australia’s housing shortage was about to exceed 200,000 homes: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is
Risk markets in Asia are mainly stepping back in response to the falls overnight on Wall Street but more so on the burgeoning bond troubles as the US fiscal position looks to go into permanent deficit decline with the imminent passing of the Trump regime’s “tax” aka wealth redistribution billr. In currency markets, the USD
Recent polling by SEC Newgate Australia suggested that Victorians do not consider the $200 billion Suburban Rail Loop (SRL) a high-priority project. The SRL is the state’s largest-ever infrastructure project. Yet, it was barely mentioned in Victorian Treasurer Jaclyn Symes budget speech on Tuesday. The only mention of the SRL was the following spin: “The
The Market on the return of bad. Pausing SPX reversed right on the huge 6k resistance. First bigger support at 5800. Note the slightly negative RSI divergence. Source: LSEG Workspace Risk love Global Equity Risk-Love jumps to the neutral zone from the Panic levels witnessed in April. BofA writes: “Washed-out sentiment, followed by marked improvement
Via S&P. A Trump dump we might call it. Nothing too serious yet, but it’s hardly an economy running on all cylinders.
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Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Economist, Leith van Onselen, discuss the Reserve Bank of Australia’s interest rate cut and explore its impact on residential housing and the broader economy. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.
Here is the PC’s recipe to lift Aussie living standards. There is nothing, and I mean NOTHING, on that list to move the needle on productivity. It is all microeconomic waffle that is already underway or useless. Here’s what you do instead. Slash immigration to zero to force up wages, investment, and debottleneck infrastructure plus
The financial destruction of the State of Victoria over the past decade is astonishing. In the Labor government’s first state budget in 2015, Victoria’s net debt was only $22.3 billion. It has since climbed to $155.5 billion and is projected over the budget forward estimates to hit $194 billion by 2028-29. Victorian net debt per
The federal government recently used its submission to the Fair Work Commission’s (FWC) annual wage review to call for an “economically sustainable” increase in the minimum wage. FWC president Justice Adam Hatcher has asked the Treasury whether wage growth forecasts of 3.1% to 3.25% in 2025-26 would be consistent with inflation staying within the Reserve
DXY no bueno. AUD bueno. Lead boots going nowhere. Gold bueno. Metals no bueno. Miners no bueno. EM no bueno. Junk no bueno. Yields very no bueno. Stocks no bueno. Here’s the issue. The Trump administration has no credibility with markets after the tariff debacle. Now it is going to unleash its tax cut bill