Today
Housing market recovery gathers steam
With a helpful kick from the Reserve Bank’s first interest rate cut, Sydney and Melbourne house prices are climbing once again after modest recent declines.
These 12 charts show how the economy has changed under Labor
The federal election will be fought squarely on economic management. See how inflation, interest rates, the budget, and wages changed over the past three years.
‘Solid case’ for rate cuts next week, says Goldman Sachs
The investment bank has told clients the market is underestimating the chances that the RBA will reduce the cash rate in April.
This Month
Traders temper bets on RBA rate cuts after pre-election budget
Bond investors are concerned about Australia’s spending plans as the government’s financing arm unveiled the biggest annual funding program outside the pandemic.
Inflation data brings two rays of housing crisis hope
Wednesday’s inflation data strengthened the case for another rate cut and contained another slice of good news on housing.
Inflation slows as housing market cools
Underlying inflation has fallen to its equal lowest level since December 2021 as builders offer promotional incentives and the rental market eases.
Trade war not good for interest rates or home buyers: Cotality
Inflation could spike over the near term, leading a smaller rate cut and depriving home owners of much needed mortgage relief according to a global CEO.
Slash rates to avoid recession
Readers’ letters on the need for interest rate cuts, slashing stamp duty for retirees, housing affordability, tax bracket creep and the Melbourne Airport Rail Link.
North shore home fetches $700k more in just three years
Some homes – such as a four-bedroom place in Sydney’s St Ives – sold well, but auction clearance rates slipped for a fourth straight week.
Bank of England leaves rates unchanged at 4.5pc as inflation stays high
UK inflation remains at 3 per cent, above the bank’s 2 per cent target and is set to push higher in the coming months.
Investors cheer as traders dial up Fed rate cut bets
Equities rallied around the world as bond markets priced in the possibility of two rate cuts from US Federal Reserve this year and in Australia.
Bullock tipped to ignore surprise fall in employment
Economists said the surprise news that 53,000 workers lost their jobs in February should be taken “with a grain of salt” and will not bring forward another rate cut.
This single word just sparked a sharemarket pop
Federal Reserve chairman Jerome Powell has kept rates on hold, citing extreme uncertainty. But his use of one particular word to describe tariff-related inflation shocked investors.
Fed cuts growth forecast on Trump tariff uncertainty
Federal Reserve policymakers also held rates steady, though they indicated borrowing costs would drop by 50 basis points by the end of the year.
Metrics hits back at critics, says there’s plenty of money flowing in
The private credit giant held a conference call with investors after a big financial planner recommended advisers sell their funds.
Ex-Treasury boss slams Labor and Coalition for decade of stagnation
In a rare interview, Martin Parkinson has hit out at the main parties for their lack of ambition, and says the GST will need to rise to pay for lower income taxes.
Last quarter’s least and most profitable housing markets revealed
Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.
APRA chair says directors need to have ‘the time’ to do their job
John Lonsdale defends the regulator against concerns it has heaped too much red tape on bank and superannuation fund boards.
Morgan Stanley bearish on ASX, cites correlation with Wall Street
The S&P/ASX 200 closed on Friday with its third-largest weekly loss this year despite a rally in Australian iron ore and gold mining stocks.
Trump is going after a huge prize, so this sell-off could get worse
It’s too easy to blame the correction that’s rocked markets this week on Trump’s noise and chaos. This administration is going after a huge prize, and investors need to understand it.