Australia & New Zealand Economics Weekly

Changes to housing tax breaks could hit rental supply

The Australian government is reportedly considering clamping down on tax breaks for property investors. If the government did indeed reduce and/or phase out existing tax concessions, it would make the...

4th October 2024 · 4 mins read

US Housing Market Rapid Response

Mortgage Applications (Sep. 2024)

The impact of lower mortgage rates was finally evident in mortgage applications in September, with applications for home purchase rebounding to a three-month high. With mortgage rates falling to...

2nd October 2024 · 2 mins read

China Economics Update

Property stimulus: announced measures still fall short

Despite driving a surge in developer stock prices, the property support measures announced so far aren’t that different from previous efforts and are unlikely, on their own, to deliver much better...

2nd October 2024 · 6 mins read

US Commercial Property Apartment Metros Outlook

Miami apartment market to feel the heat over 2025-28

Apartment markets are turning a corner, and we now expect the sector to outperform over the five year forecast. As new supply drops back from the second half of next year, we expect a mixture of...

1st October 2024 · 7 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Sep.)

With new listings rising rapidly, the housing market is shifting in favour of buyers. Accordingly, we think house price growth will ease further in the months ahead.

1st October 2024 · 3 mins read

Canada Chart Pack

Canada Chart Pack (Oct. 2024)

The economy is stuck in a period of below-potential GDP growth, with previous interest rate hikes weighing on consumer spending and investment. This will keep downward pressure on core inflation...

30th September 2024 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Aug. 2024)

August’s money and lending data provide further evidence that the gradual improvement in credit demand and supply in response to the falls in lending rates is supporting the economy. But the Bank of...

30th September 2024 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Price Index (Sep. 2024)

September’s 0.7% m/m rise in Nationwide house prices suggests that August’s 0.2% m/m fall was just a blip and that the recent falls in mortgage rates are supporting house prices. What’s more, the...

30th September 2024 · 3 mins read

China Rapid Response

China Politburo Meeting (Sep. 24)

The readout of the Politburo’s quarterly meeting on economic affairs has just been published by state media. It acknowledges that new problems have emerged in the Chinese economy recently and calls...

26th September 2024 · 2 mins read

US Housing Market Rapid Response

New Home Sales (Aug. 2024)

New home sales dropped back slightly in August, which always seemed likely after the 10% surge in transactions the month before, driven by pent-up buyers responding to lower borrowing costs. Still...

25th September 2024 · 2 mins read

Australia & New Zealand Economic Outlook

RBA has less room to cut rates than the RBNZ

A tight labour market and elevated public demand will keep the RBA from loosening policy before early-2025. Moreover, we expect the forthcoming easing cycle to be short-lived by past standards. By...

25th September 2024 · 20 mins read

US Housing Market Update

Sellers lose grip on the market

Increased supply and weak demand are both contributing to the slowdown in house price growth. The recent sharp drop in mortgage rates should cause the market to retighten, but it will take time for...

24th September 2024 · 4 mins read

US Housing Market Rapid Response

Case-Shiller/FHFA House Prices (Jul. 2024)

Another muted 0.2% rise in house prices in July adds to the sense that the housing market is cooling amid weak buyer demand and growing supply. As price growth continues to moderate quickly with no...

24th September 2024 · 2 mins read

China Rapid Response

Stimulus package a step in the right direction

In a departure from their previous approach of drip-feeding piecemeal support measures, China’s financial regulators have just announced a coordinated package of stimulus measures. This is a step in...

24th September 2024 · 4 mins read

US Commercial Property Office Metros Outlook

Houston rockets to the top of the office rankings

Offices are still in for a tough few years, with markets like San Francisco, LA and Seattle likely to come out of the downturn with values down 55% or more from their 2019 peaks. However, there are...

20th September 2024 · 7 mins read