Hi all, A quick note to offer guidance on the new website. As well as the layout changes that make it easier to access content for new readers, it comes with a dramatically improved sign-up and resubscription process, greatly enhanced speed, and a much better mobile experience (since 95% of traffic is now phone!). The
Australia’s housing minister said the quiet bit out loud when she admitted that the tax changes to negative gearing and the capital gains tax won’t do much for housing affordability. Rather, O’Neil said that Australia’s inability to build enough homes for its ballooning population is the main cause of the nation’s housing affordability problems. Stephen
Realestate.com.au reports that Australians — including high‑income professionals earning six‑figure salaries — are increasingly turning to van and caravan living as soaring rents, mortgage stress, and rising living costs make traditional housing feel unaffordable or not worth the pressure. Money.com.au’s survey shows: Almost 1 in 10 Australians lived in a caravan in the past year.
Deutsche considers. Fed communications last week remained hawkish, with more officials signaling that the balance of risks has shifted away from an easing bias and toward a more symmetric reaction function. The Minutes to the April FOMC meeting highlighted “a majority of” participants willing to contemplate tightening policy if inflation were to run persistently above
Via the ABS come capex intentions. Total is pretty damn good. Mining meh. Services whoa! AI holy shite. Mother of god. Investment in the end of your work!
China is by far the world’s largest and major driver of carbon emissions: China’s growing emissions have been driven by its insatiable appetite for coal: China has a significant number of new coal mines in development: More than 50 large coal units—individual boiler and turbine sets with generating capacity of 1 gigawatt or more—were commissioned
 In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, is joined by Samuel Kerr to walk through your EOFY 2026 Tax Strategy Guide. We break down the key deadlines, smart deductions, contribution tactics, and portfolio adjustments that can help investors optimise their tax position before June 30 — plus the practical steps you
The decline in Australian real wages has been well documented by MB. Deflating the Australian Bureau of Statistics’ (ABS) wage price index by headline CPI inflation reveals that real wages are tracking 6.6% below their June quarter 2022 peak and have fallen by 1.6% since the Albanese government came to office in the June quarter
I admit it, I just wanted to write the word Uranus. When Johann Elert Bode suggested the name for the seventh planet, he could not have known that he had created the greatest running joke for the next 250 years. Anyway, the bubble is hurtling through space, without reference to Earth, and might as well
The media and Climate Change and Energy Minister Chris Bowen were busy crowing about renewables supposedly helping lower the Default Market Offer (DMO) electricity prices, which were released this week by the Australian Energy Regulator (AER). “We’ve just hit 50% renewables, and renewables are the cheapest form of energy, and that puts downward pressure on
Yesterday we saw an increase in the monthly CPI of 0.4%mth (4.2%yr), undershooting expectations. Core inflation was even better at 0.3%mth, up 3.4%yr from 3.3% in March. For the time being, there is little pass-through from increased fuel costs to freight-exposed components, which were mitigated by the fuel levy cuts. The hottest area was housing
Good luck making sense of this. Overnight saw oil prices slide as optimism of a deal picked up (though few headlines) and IRGC said that a return to war with the US was unlikely (while warning that it stood ready against any attack). 0800ET Oil tumbled on Iran TV reports of optimism on a MOU and draft deal status
For over 15 years, the people of Britain have been promised lower migration, and time after time, the British people have gone to the polls and voted for just that. According to polling from Ipsos, at the time of the Brexit vote, over 40% of Britons said that immigration was the most important issue facing
After years of vendors having the upper hand, the scales have finally tilted in favour of home buyers. The latest weekly housing market indicators report from Cotality shows that for-sale listings are rising, meaning that supply is flooding the market: As illustrated above, new for-sale listings have increased by 8.9% at the combined capital city
The Australian Bureau of Statistics (ABS) has released CPI inflation data for April, which retraces some of the spike observed last month as petrol prices fell 7% and public transport subsidies lowered transport prices. Headline CPI rose by 4.2% in the 12 months to April 2026, down from 4.6% in March. The policy-relevant trimmed mean
By Stephen Saunders While Anthony Albanese crush-loads ethnic immigration at unprecedented levels to help Labor win, the Budget has highlighted Samaras as a crucial analyst of this faux democracy. Greek-origin commentator George Megalogenis has made a vocation of Australia’s “cultural diversity” obsession, doing victory-laps as we hit 30% overseas born, 50% “migrant origin”. Only Middle
Via Westpac. The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, declined to -0.17% in April from -0.11% in March. Coasting to a standstill.
The ferrous complex has come off but remains very elevated. CISA output in mid-May sucked, still down 5%+ year on year. While inventories spiked. The lead weight, dragging it all down, remains Chinese property. Sales remain terrible. The exit remains jammed. Average selling prices no bueno. Inventory is everywhere. Completions sag badly for rebar. This
Australia faces an energy-scarce future, despite being the world’s largest coal exporter, the second-largest natural gas exporter, and holding 30% of the world’s uranium. To meet the federal government’s 82% renewable energy target (RET), the majority of Australia’s current coal fleet must be retired and replaced with approximately 6–7 GW of new large-scale renewable generation
Santos is lying again, which is what it does best. Under Albo’s gas reservation policy, companies wanting to export LNG would need to meet domestic supply obligations or risk penalties of up to $100 million, export restrictions, or fines worth three times any financial benefit gained from non-compliance. Producers could meet obligations through several methods,
Realestate.com.au published an article claiming that interstate buyers are reshaping Brisbane’s inner‑city property market, with new relocation data from removalist platform Find a Mover (tracking over 250,000 moves) showing Melburnians and Sydneysiders are driving a wave of moves into Brisbane’s most expensive suburbs. According to Real Estate Buyers Agents Association of Australia (REBAA) president Melinda
TME with the note. In Semis We Trust Semiconductors are increasingly starting to trade like a self-reinforcing macro mania. Every small dip gets aggressively bought, upside volatility remains extremely well bid, and positioning keeps crowding back into the same narrow AI leadership trade. The remarkable part is that the melt-up is no longer just impacting
Dropsite. U.S. forces strike vessels near Bandar Abbas, Iran hits U.S. aircraft. Iran sends top delegation to Doha. Iranian media: $24B in frozen assets must be released as part of deal. Secretary of State Marco Rubio says Iran deal could take “a few days.” Iran says it will not charge tolls in Hormuz. President Donald Trump demands countries in Iran negotiations sign Abraham
In the history of the debate over property investor tax concessions, few issues have driven as much debate as negative gearing. Over the years and decades, it has been a hot-button political issue; there have been a great many legends and myths that have built up around it, including a social media favourite, the house
Last week’s April labour force report from the Australian Bureau of Statistics (ABS) reported that the nation’s unemployment rate rose to 4.5%, its highest level since November 2021 and well above the Reserve Bank of Australia’s (RBA) forecasts. Younger Australians were hit especially hard, with youth unemployment rising to over 11%: As Alex Joiner from
Up she goes. TME with the charts. The Melt-Up Machine Tech keeps trading like a self-reinforcing melt-up machine. Every small dip gets mechanically bought, flows keep chasing AI and semis, and upside positioning continues feeding on itself despite already crowded large-cap tech exposure. Upside call skew across large-cap tech is now reaching meme-mania style extremes,
