The Great Australian Housing Bubble hit a new milestone in October, reaching an all-time high valuation of $12.0 trillion, according to Cotality.

Not quite a green a day as expected here in Asia with only some markets moving higher in the wake of the news that the Republican shutdown of the US government may finally be coming to an end.

Westpac says boom.. Westpac-Melbourne Institute Consumer Sentiment Index surges 12.8% to 103.8. First positive read since early 2022 and a seven-year high (excl. COVID period).

Stats New Zealand’s most recent migration figures revealed that only 10,628 net migrants arrived in the country in the year ending August 2025, substantially below the decade average of 49,000 and around 120,000 fewer than the late 2023 peak.

The Market Ear on improving gold technicals.  Gold moving again Gold found support on the big $3900 level, and was close to the 50 day. The shiny metal is putting in the biggest up candle (as of writing) since the sell off began.

The fake left meltdown continues today.

In January 2003, the day before the Canberra bushfires struck, I left Melbourne with my now-wife to commence working as a graduate economist at the Australian Treasury.

Goldman has an amusing take on the Shenzhen property market, once the hottest in China.

The Market Ear with more. Perfection prevails NASDAQ continues to trade perfectly within the trend channel that’s held since May. Buying dips near the channel lows and the 50-day has remained a simple and profitable strategy. The hammer candle we flagged over the weekend (here) looks powerful and confirms the setup.

The ferrous complex is weakening fast, as it should.

The Climate Change Authority recently warned that electric vehicles (EV) will need to account for 50% of Australia’s new car sales over 10 years if the federal government’s emissions reduction targets are to be met.

DXY is fading again.

Everything is awesome on risk markets again as the US government shutdown appears over due to some spineless and feckless Democrats (but I repeat myself) bend the knee in the Senate.

In the ongoing debate surrounding the Australian economy, there have always been and will continue to be defenders of the current economic strategy, whatever it may be.

In 2023, the media in Australia and around the world became enamoured by research claiming that ‘upzoning’ planning changes introduced in Auckland in 2016 had resulted in a building boom and lower home prices and rents.

Risk markets in Asia are responding positively to possible news that the Republican shutdown of the US government may finally be coming to an end with the Senate passing a spending bill.

IEEFA wants Albo to waste another $1bn on green iron.

China printed a bit of inflation in October, but it was pretty obviously seasonal.

It is time to shutter the ABC.

Last week, I reported an AFR analysis of 16 financial reports from federal agencies, which revealed that 14 had unbudgeted increases in staff expenses totaling $841 million.

With the election of Zohran Mamdani to the office of Mayor of New York, an event thought practically impossible just a few decades ago has come to pass: the most populous city in the United States and the centre of the financial world has an avowed socialist as its mayor.

OMG.

The Market Ear kicks us off.

Like other advanced nations, Australia is facing pressures from an ageing population.

DXY faded Friday night.