Australia’s unemployment rate lifted to 3.7% in July 2023, with an additional 35,590 people now looking for work. The lift in the unemployment rate of 0.2% was nothing significant, with the r…

Different to the orthodox expectation in a softening market where prices fall, First Home Buyers are being knocked aside by the remarkable rise in dwelling prices. That this coincides with h…

For more than a year, there have been concerns the end of COVID discounted fixed price loans would result in a ‘mortgage cliff’ wherein borrowers would be forced to sell houses at discounts bec…

The total value of Australia’s home loans was 1.2% lower in July 2023, compared with the prior month, but was down 14.1% on an annualised basis, compared with the previous year. It is never clea…

Australia’s total dwelling approvals fell in the year-ending July, drifting to 173,509 approvals down11.2% on the prior year. Detached house approvals for the same period were 105,079 dow…

The monthly annual CPI for August is a bit like the old story of the Curate’s Egg with some parts good and some parts bad. We can see that in the difference between the headline (bad) and underlyin…

June quarter economic growth (measured by Gross Domestic Products [GDP]) remained in positive territory, recording a 0.4% increase, feeding into 2.1% growth for the year, on a seasonally a…