ONLY CHARTS
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1. Domain data show that house prices per square metre of land in Sydney were nearly twice that of several other Australia cities.
HOUSE PRICE PER SQUARE METRE OF LAND (Source: Domain)
2. The price gap for units between Sydney and other cities was proportionately narrower (not surprising).
UNIT PRICE PER SQUARE METRE OF FLOOR SPACE (Source: Domain)
3. Domain data show that distressed home listings were relatively low in most Australian cities in early 2024.
4. The global composite PMI - a proxy for world GDP growth - has improved over the past 6 months. Australia’s composite PMI for March was above that of the major economies.
5. US small business hiring plans have fallen sharply in recent months.
6. The value of Australia’s goods imports have bounced back since November last year…
7. …particularly for consumption goods.
8. The value of Australia’s iron ore exports declined in early 2024 and this was largely before the recent weakness in iron ore prices.
