Pete Wargent Daily Blog

Steady as she goes
After falling over the previous couple of months, the number of employed persons rebounded a strong +76,000 higher in June, driven by a +47,000 increase in part-time employment.
More persons than usual were waiting to start work in May, and commenced work in June, reported the ABS.
This moved markets to price around a 1 in 3 chance of an intere...

Fixed rates fall
The Treasurer set out a bigger emphasis on promoting growth in the latest Statement of Expectations for the financial regulators. 
New home sales fell in both May and June, adversely impacted by mortgage rates and low confidence after the Federal Budget. 

Australian Property Podcast
It's been an interesting week in property, so Chris and I jumped on the podcast to answer some of your pertinent questions and to add our thoughts. 
Here is what we covered this week:`
"In this episode of the Australian Property Podcast,

News wrap
NAB's Business Survey for the June quarter confirmed that employment growth has stalled over recent months, as the Aussie economy runs out of puff.
Justin Fabo of Antipodean Macro overlayed the survey data on the below chart, underscoring the decelerating trend:

Rental trends
One of the more contentious issues in the housing market at the moment: will the Budget tax changes make the rental shortage worse or not?
Domain reported a huge leap in Sydney and Darwin rents in the June quarter, b...