Pete Wargent Daily Blog

Housing impulse beyond peak
Credit growth in the Aussie economy was 0.66 per cent in April, down slightly from 0.73 per cent in March, but still up 8 per cent over the year, according to the RBA's Financial Aggregates. 
The Reserve Bank's Sarah Hunter noted today that it's expected that the economy will now go into something of a downturn (this appears highly l...

Economy stalls
GDP growth slowed to just 0.3 per cent seasonally adjusted in the March 2026 quarter, and 2½ per cent over the year.
There was some Cyclone disruption to coal and ore exports, which didn't help the slightly glum overall picture. 

28 million resident population
In recent hours, Australia's estimated resident population passed 28 million, according to the ABS Population Clock. 

Housing flatline in May
Housing prices were down in Sydney and Melbourne in May - and Canberra - while growth rates are turning lower in the other capital cities. 
From Cotality's monthly report: