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News
Sydney's house price correction hits new milestone
7+ hour, 5+ min ago (217+ words) Sydney’s house price correction has worsened. The weekend’s preliminary auction clearance rate softened on historically weak volumes. Chart by Shane Oliver (AMP) The decline in Sydney dwelling values has also accelerated, falling by 1.4% over the past 28 days, according to Cotality....
Australia's hidden recession is getting worse
1+ day, 10+ hour ago (75+ words) Australia’s hidden recession is getting worse MacroBusiness Australia’s hidden recession is getting worse When you turn on the 6 o’clock news and get the latest economic growth figures, it is overwhelmingly the headline rate of inflation-adjusted GDP growth being reported. But…...
Weekend reading & MB media releases
2+ day, 15+ hour ago (179+ words) International Reading: Credit card delinquencies approach Great Recession levels – Market Place Gen Z Is Moving Money From Stocks to Sports Betting in Wealth Plans – Bloomberg A shocking 92 percent of US adults not going to the doctor because it’s too expensive…...
Labor's 5% deposit scheme ignored regulatory warnings
2+ day, 13+ hour ago (583+ words) Housing Minister Clare O’Neil has defended the federal government’s 5% home deposit scheme amid renewed criticism from Coalition counterpart Andrew Bragg. A spokesman for O’Neil says the scheme has a default rate of less than 0.01%, while it has helped more than…...
Energy reality bites in Victoria and NSW
2+ day, 13+ hour ago (97+ words) MacroBusiness Energy reality bites in Victoria and NSW According to the latest version of AEMO’s flagship report, the 2026 ISP released in June, over 5 GW of coal is scheduled to close in 2029: By 2035, Australia is scheduled to have lost around 15 GW…...
House price correction moves to mid-sized capital cities
2+ day, 13+ hour ago (374+ words) According to Cotality’s daily dwelling values index, home values have declined by 3.2% from their peak across the five major capital cities. So far, this decline has been driven by Sydney (-5.8%) and Melbourne (-5.6%), with smaller falls of 1% or less recorded across…...
Could Albo's melons save us from the gas cartel?
2+ day, 14+ hour ago (446+ words) Gas cartel HQ is busy massaging Japanese norks for panic. ….as Prime Minister Anthony Albanese grapples with the fallout from his comments last month about a gift of melons from Japanese Prime Minister Sanae Takaichi…Trump has combined a charm…...
House prices forecast to record biggest decline in at least 40 years
3+ day, 11+ hour ago (289+ words) Earlier this year, Cotality published the following chart showing the biggest national declines in dwelling values over the past 40 years. According to Cotality, the largest decline was in 2017-19, when values fell by 8.2% amid credit tightening, fears over changes to negative…...
Bugger Beetaloo
4+ day, 9+ hour ago (383+ words) Sometimes it’s good when the international press comes calling on an Australian issue. Sometimes it’s bad. Like Bloomberg today. Once considered too remote and expensive, Beetaloo has gained significance as Australia faces looming east-coast gas shortages. Developers estimate the resource…...
China's vast energy transition peaks emissions
4+ day, 8+ hour ago (496+ words) Some argue that Chinese CO₂ emissions are already falling. The Global Carbon Budget margin of error for 2025 allows for a fall. The second derivative trend is obvious. Emissions intensity is collapsing and will likely roll over in the next year or…...