As explained last week, the latest forecasts from the National Housing Supply and Affordability Council’s (NHSAC) 2026 State of the Housing System report, released last week, are utterly delusional.

Last year, Canadian analyst Ben Rabidoux tweeted the following graphic on X, questioning whether Canada should set a per-nation cap on its permanent residency intake: The graphic illustrates how India has dominated Canada’s permanent residency intake, with around 560,000 entries between 2020 and 2024.

Regrettably, you can add the National Housing Supply and Affordability Council (NHSAC) to the long list of federal government agencies that have been politicised and compromised.

Albo the coward hasn’t read The Art of the Deal.

Cotality’s housing results for April warned that Australia’s rental crisis continues to worsen.

The Chinese PMIs were a mixed bag, but overall showed a slowing economy.

As Australia’s Home Affairs minister between June 2022 and July 2024, Labor MP Clare O’Neil regularly lamented that the nation’s migration system was too temporary and held the nation back.

Australian property prices appear to have reached a turning point, with national values recording their first decline of the year in April, according to PropTrack.

No news is good news for oil, apparently, with prices coming off overnight amid the Gulf stalemate.

When the Snowy Hydro 2.0 project was first proposed by the Turnbull government in 2017, it was touted as a $2 billion endeavour that could produce power as early as 2021.

Late last month, Productivity Commission (PC) chair Danielle Wood downplayed the impact of artificial intelligence (AI) on Australia’s job market, claiming only around 4% of jobs are at risk of elimination: “They [Jobs and Skills Australia] found a reasonably small share of jobs, about 4% of jobs, can either be fully or mostly automated.

Charts from TME Oil is back in focus What started as a clean technical bounce is now turning into something bigger, with spot pushing higher, vol still lagging, and cross-asset signals beginning to react.

Victoria issued tens of billions in long‑dated bonds during 2020–21 at very low interest rates (i.e., 1.25–1.5%).

DXY is bouncing again with oil.

Australian power users received a reprieve earlier this year as the default market offer (DMO), which is the benchmark against which retailers price their plans, was cut by between 1% and 10% from 1 July, following lower wholesale power (generation) costs amid a relatively calm summer.

In the March quarter, the CPI increased by 1.4%, which was in line with market expectations.

I reported this week that the cost of the Snowy Hydro 2.0 project is estimated to have ballooned from an initial announced cost of $2 billion in 2017 to around $42 billion.

In a deeply disturbing development, Australia’s foreign minister Penny Wong has turned to China for fuel.

The Madman is back.

When the final sunrise dawned on the last day of the second millennium, Australia was riding high, living standards were rising strongly, mortgage rates had been cut by almost two-thirds from their peak, and the median home nationally was affordable for the median-earning household.

Cotality’s daily dwelling values index for 30 April shows that home values across the five major capital city markets rose by only 0.2% over the month, with sharp falls of 0.6% in Sydney and Melbourne offsetting still strong growth in Perth (2.1%), Brisbane (1.2%), and Adelaide (1.1%).

The interest rate futures market has priced an official cash rate of 4.75% by the end of 2026. This implies that the Reserve Bank of Australia (RBA) will deliver at least two, and possibly three, more interest rate hikes this calendar year.