Australia & New Zealand Economics Update

Australia’s housing rebound continues to gather steam

Australian house prices rose at their fastest pace in 18 months in August. With leading indicators suggesting further gains are on the cards, we’re inclined to revise up our forecast for house prices...

1st September 2025 · 4 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Aug. 2025)

The still tight rental market and softening outlook for housing activity – due to weak employment, high mortgage rates and growing speculation around property tax rises in the Autumn Budget – suggests...

29th August 2025 · 1 min read

Australia & New Zealand Chart Pack

ANZ Chart Pack (Aug. 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. We believe monetary easing has further to run in the Antipodes. The case for policy stimulus is clear...

27th August 2025 · 1 min read

US Housing Market Rapid Response

US Existing Home Sales (Jul. 2025)

Despite a small uptick in July, home sales have held in a narrow 3.9-4.1 million annualised range since mid-2023, a historically weak level that highlights the lack of momentum in the struggling...

21st August 2025 · 2 mins read

UK Housing Market Update

Could UK property tax reforms boost the economy?

The Chancellor is reportedly considering replacing stamp duty land tax and council tax with alternative property taxes in the Autumn Budget. Even if this was revenue-neutral, it could be more...

19th August 2025 · 5 mins read

Canada Economics Update

Canada Housing Watch (Aug. 2025)

The fourth consecutive rise in home sales in July means that the housing market is developing close to our expectations, with prices stabilising last month. Housing starts recorded another strong...

18th August 2025 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Jul. 2025)

The still tight rental market and softening in housing activity recorded by the RICS survey in July implies that rents will continue to rise faster than house prices for another year or so.

14th August 2025 · 2 mins read

Canada Economics Weekly

Weaker data support September rate cut

The weaker housing and trade data released this week support our call for a September rate cut, a view which investors are beginning to come round to.

8th August 2025 · 5 mins read

US Housing Market Rapid Response

US Mortgage Applications (Jul 2025)

The fall in home purchase mortgage applications in July still leaves them roughly in line with where they started the year, and continuing to point to a rebound in existing home sales. While some...

6th August 2025 · 2 mins read

Australia & New Zealand Economics Update

Affordability will dampen Australia’s housing rebound

Australia’s housing market gained traction in June, and leading indicators suggest the housing rebound has further to run. But with affordability set to remain extremely stretched despite the RBA’s...

1st August 2025 · 4 mins read

UK Housing Market Outlook

UK Housing Outlook: House prices to beat expectations in 2026

The stuttering jobs market and the softening outlook for wage growth means we now expect house prices to rise by only 2.0% in the year to Q4 2025 (3.5% previously). But our view that Bank Rate will...

29th July 2025 · 17 mins read

UK Economics Rapid Response

UK Money & Lending (Jun. 2025)

June’s money and lending figures support wider evidence that the deteriorating jobs market has led to a rise in consumer caution as households have become a bit more cautious about spending. This...

29th July 2025 · 3 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (July 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Australia’s economy is struggling to gain momentum, while the recent rebound in activity in New...

24th July 2025 · 1 min read

US Housing Market Rapid Response

US Existing Home Sales (June 2025)

The fall in existing home sales in June comes despite the recent rebound in consumer confidence, suggesting affordability is still the main driver of homebuyer activity. With house price declines...

23rd July 2025 · 2 mins read

US Housing Market Outlook

US Housing Outlook: No clear path to housing recovery

Activity in the housing market has been struck in a slump since 2023, with still no end in sight. As Trump’s immigration and trade policies push up inflation this year, the Fed will be forced to keep...

10th July 2025 · 12 mins read