12+ hour, 41+ min ago  (379+ words) I cannot remember a time outside the early stages of the COVID-19 pandemic when Australia's auction market was this weak. This month's final auction clearance rate, which captures the first three weeks of June, has fallen to just 46% across the…...

1+ day, 22+ hour ago  (274+ words) Dr Cameron Murray posted the following chart on Twitter (X) showing New Zealand's "stunning" house price correction, which has lasted more than four years: The following chart from Justin Fabo from Antipodian Macro shows that New Zealand's house price correction has…...

2+ week, 2+ day ago  (298+ words) Australia's housing market looks to be entering a major correction phase amid collapsing buyer demand. Last week's final auction clearance rate plummeted to 47. 3% across the combined capital cities, the second week in a row where the clearance rate was below…...

2+ week, 3+ day ago  (223+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of Macro Business and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and…...

2+ week, 3+ day ago  (146+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of Macro Business and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and…...

2+ week, 3+ day ago  (149+ words) Macro Business Canada's recession outshines Australia's per capita economy In the last 18 months, the Canadian economy has faced significant challenges as it has tried to adapt to a trade war with the world's largest economy, with which it shares an…...

2+ week, 5+ day ago  (348+ words) Canada's newly declared recession has exposed how heavily the country's headline GDP growth relied on record'high immigration, with Prime Minister Mark Carney acknowledging that reducing immigration contributed to the downturn, according to the National Post. Analysts argue this simply reveals…...

2+ week, 4+ day ago  (363+ words) The Westpac consumer sentiment index collapsed by 2. 9% to 80. 6 in June, with Australians showing deep pessimism across finances, the economy, housing, and savings behaviour. The survey is back near the weakest levels in its 50-year history, with pessimists outnumbering'optimists by nearly…...

2+ week, 4+ day ago  (417+ words) According to Cotality's daily dwelling values index, Perth, Brisbane, and Adelaide have so far avoided the house price corrections taking place in Sydney and Melbourne. Prop Track's dwelling value results for May also show that these three cities have avoided…...

3+ week, 2+ day ago  (288+ words) Cotality's dwelling values results for May confirmed that Sydney and Melbourne are experiencing price corrections, with values declining by more than 2% over the quarter: The latest auction results were abysmal for both markets, with Sydney's average monthly clearance rate plunging…...