The Global Fight Against Inflation Has Turned a Corner
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,766,872 (+0.21%)       Melbourne $1,063,597 (+0.19%)       Brisbane $1,235,996 (-0.71%)       Adelaide $1,100,588 (+1.40%)       Perth $1,114,234 (+0.36%)       Hobart $869,301 (-0.74%)       Darwin $915,158 (+0.08%)       Canberra $1,030,597 (+1.34%)       National Capitals $1,197,064 (+0.25%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $817,869 (+0.11%)       Melbourne $552,138 (-0.21%)       Brisbane $784,920 (-1.69%)       Adelaide $585,744 (+1.59%)       Perth $658,340 (-1.87%)       Hobart $565,063 (-1.53%)       Darwin $494,206 (+0.53%)       Canberra $485,800 (-1.53%)       National Capitals $640,344 (-0.70%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 14,003 (-141)       Melbourne 16,852 (-119)       Brisbane 7,876 (+60)       Adelaide 2,794 (-13)       Perth 6,084 (+33)       Hobart 771 (-22)       Darwin 139 (+2)       Canberra 1,196 (+25)       National Capitals 49,715 (-175)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,308 (-9)       Melbourne 6,777 (-31)       Brisbane 1,556 (-5)       Adelaide 434 (-6)       Perth 1,292 (+16)       Hobart 154 (-9)       Darwin 198 (+7)       Canberra 1,191 (+1)       National Capitals 20,910 (-36)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $850 ($0)       Melbourne $600 ($0)       Brisbane $700 ($0)       Adelaide $650 ($0)       Perth $750 ($0)       Hobart $628 (+$3)       Darwin $850 ($0)       Canberra $750 ($0)       National Capitals $733 (+$)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $590 ($0)       Brisbane $670 ($0)       Adelaide $560 (+$5)       Perth $700 ($0)       Hobart $503 (-$38)       Darwin $650 ($0)       Canberra $600 ($0)       National Capitals $646 (-$2)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,466 (-47)       Melbourne 6,685 (-129)       Brisbane 3,539 (-24)       Adelaide 1,337 (+2)       Perth 2,237 (-54)       Hobart 240 (+8)       Darwin 38 (-10)       Canberra 431 (+10)       National Capitals 19,973 (-244)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 8,715 (+45)       Melbourne 4,547 (+16)       Brisbane 1,877 (-18)       Adelaide 430 (0)       Perth 686 (+10)       Hobart 66 (-5)       Darwin 65 (-5)       Canberra 721 (+2)       National Capitals 17,107 (+45)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.50% (↓)       Melbourne 2.93% (↓)     Brisbane 2.94% (↑)        Adelaide 3.07% (↓)       Perth 3.50% (↓)     Hobart 3.75% (↑)        Darwin 4.83% (↓)       Canberra 3.78% (↓)       National Capitals 3.19% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.09% (↓)     Melbourne 5.56% (↑)      Brisbane 4.44% (↑)        Adelaide 4.97% (↓)     Perth 5.53% (↑)        Hobart 4.62% (↓)       Darwin 6.84% (↓)     Canberra 6.42% (↑)      National Capitals 5.24% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 33.5 (↓)       Melbourne 32.6 (↓)     Brisbane 33.4 (↑)      Adelaide 26.4 (↑)        Perth 37.8 (↓)       Hobart 29.4 (↓)     Darwin 27.8 (↑)        Canberra 30.0 (↓)       National Capitals 31.4 (↓)            AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 31.4 (↓)       Melbourne 29.8 (↓)       Brisbane 32.2 (↓)     Adelaide 26.2 (↑)        Perth 37.5 (↓)       Hobart 31.4 (↓)     Darwin 37.4 (↑)        Canberra 38.7 (↓)       National Capitals 33.1 (↓)           
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The Global Fight Against Inflation Has Turned a Corner

Falling inflation across industrialized countries opens the door for central banks to start cutting interest rates next year

By Tom Fairless and Paul Hannon
Thu, Nov 16, 2023 4:28pmGrey Clock 5 min

Inflation is falling faster than expected across advanced economies, marking a turning point in central banks’ two-year battle against surging prices.

Declines in consumer price growth, to below 5% in the U.K. last month and around 3% in the U.S. and eurozone, are fueling expectations that central banks could take their feet off the brakes and pivot to cutting interest rates next year.

That would provide welcome relief to a global economy that is struggling outside the U.S., increasing the prospects of a soft landing from a historic series of interest-rate increases without large increases in unemployment. Europe, in particular, is on the brink of recession.

Yields on government debt in Europe and the U.S. have slumped as investors start to price in earlier interest-rate cuts.

For months this year, economists puzzled over why growth and inflation hadn’t slowed more in response to interest-rate hikes. Now, there is growing evidence that higher borrowing costs are biting hard with a delay.

“It’s definitely a turning point for inflation,” said Stefan Gerlach, a former deputy governor of Ireland’s central bank. “Investors may be surprised at how rapidly central banks cut interest rates next year, maybe by one-and-a-half percentage point.”

The sharp declines in inflation across continents underscore how common factors drove up prices in the first place, especially the Covid-19 pandemic and Russia’s war in Ukraine. These crimped global supply chains, reduced the number of people in the workforce and fueled energy price increases, especially in Europe. As those forces subside, price pressures naturally ease.

Inflation was also given a boost by demand-side factors, such as trillions of dollars of government stimulus spending in the U.S., as well as pent-up demand and savings from consumers that accumulated during the pandemic. That, economists say, is why underlying inflation remains strong nearly four years after the start of the pandemic, and why rate increases were needed to bring it down.

Lower inflation “shows the effect of increasing rates by 4 or 5 percentage points,” Gerlach said. “Team Transitory were wrong,” he added, referring to a debate among economists over whether high inflation would subside by itself, a camp to which he belonged. “Our idea was that inflation would fall back without an increase in interest rates.”

Even countries where inflation has proved the most stubborn, such as the U.K., have started to show progress. Consumer prices rose 4.6% in October compared with the year-ago month, a drop from the 6.7% rate of inflation recorded in September and the slowest increase since October 2021, the statistics agency said Wednesday. Economists had expected to see a decline to 4.8%.

“The U.K. no longer looks like such a major outlier when it comes to inflation,” said Bruna Skarica, an economist at Morgan Stanley.

News of the U.K. decline followed Tuesday’s report of a larger than expected drop in U.S. inflation to 3.2% in October. The eurozone also reported a decline in inflation to 2.9% in October from 4.3% in September. Consumer prices were lower than a year earlier in Belgium and the Netherlands.

The cooling of consumer prices has persuaded some European policy makers that the battle to tame inflation has been won, and in a shorter period of time than in the 1970s, when a comparable surge in prices occurred.

“We’re in the process of exiting the inflationary crisis,” said France’s Bruno Le Maire before meeting with his fellow European Union finance ministers last week. “In a little under two years, Europe will have managed to control inflation, which weighs on our citizens, which weighs on households, especially the less wealthy.”

Investors are also more optimistic. They are pricing in interest-rate cuts by the Federal Reserve and European Central Bank starting next spring, and by the Bank of England next summer, according to data from Refinitiv.

Markets had priced a 30% probability of another rate increase by the Fed, from its current level of 5.25% to 5.5%, until publication of U.S. inflation data on Tuesday. That probability has now fallen to 5%, according to Deutsche Bank analysts. The prospect of a Fed rate cut by May soared from 23% on Monday to 86% by Tuesday‘s close.

Central bankers are more cautious after being surprised last year by the persistence of inflation. The Bank of England last month said it is too soon to think about cutting interest rates, having forecast that inflation would reach its 2% target in late 2025. Central bankers also point to the still-rapid rise in wages and the risk of higher energy prices if the conflict between Israel and Hamas spreads to other parts of the Middle East.

Morgan Stanley’s economists expect to see the Bank of England start to cut rates beginning next May, followed by the Federal Reserve and the European Central Bank in June. Regardless of the exact timing, there is a growing consensus that inflation is on the wane and lower interest rates will follow.

“We expect widespread declines in inflation and interest rates in 2024 across advanced economies,” Michael Saunders, a former BOE rate setter, wrote in a note to clients of Oxford Economics.

If so, it would raise the question of whether central banks overdid it with rate increases, especially in Europe.

Economists say those hikes are working their way through the economy, weighing on lending and spending. Job creation is slowing and unemployment is edging higher on both sides of the Atlantic, curbing wage growth. Households are becoming more reluctant to spend, as higher interest rates make it more advantageous to save, economists say. That weighs on growth prospects over the coming months.

U.S. retail sales fell 0.1% in October from a month earlier, the Commerce Department said Wednesday. That is the first decline since March and comes after a 0.9% increase in September. In the eurozone, industrial output declined by 1.1% in September from the previous month, official data showed on Wednesday.

The decline in inflation will be welcome news for political leaders, even if it has yet to boost their popularity.

While global factors contributed to the worst of the inflation surge and most of the recent decline, domestic economic conditions are likely to matter most as central banks enter the final stage—the so-called “last mile”—of getting inflation down to their targets of around 2%.

In the U.S., inflation is ebbing, as the labor market and consumer spending cool but remain solid. This has bolstered forecasts that price pressures will keep easing without a recession.

In Europe, the economic backdrop is more challenging. The continent faces headwinds to growth, from slowing global trade and sluggish growth in China, a critical export market, to efforts by governments to slow spending. Germany’s constitutional court on Wednesday ruled against a move by Chancellor Olaf Scholz‘s government to repurpose €60 billion in unused pandemic funds to finance green energy initiatives, creating a large hole in the state budget.

European households have also been more reluctant than their U.S. counterparts to spend pandemic-era savings. All that could lead to a deeper downturn and sharper drop in inflation in Europe, prompting earlier rate cuts by the ECB.

Despite the likelihood of lower interest rates ahead, a return to the period of ultra low interest rates that preceded the pandemic is deemed unlikely by many economists and investors, reflecting rising geopolitical tensions and demographic pressures.

Workforces are likely to shrink across major economies, including China, over the coming years as millions of baby boomers retire, driving up wages. And friction between China and the West will likely raise manufacturing costs as companies shift factories to other countries.



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Celebrity-backed fund nears US$50m as investor demand builds 

With US$40 million already committed, the Global Talent Fund is attracting investor attention with a strategy focused on building globally scalable consumer brands alongside high-profile talent. 

By Jeni O'Dowd
Tue, Jun 2, 2026 2 min

A new investment fund targeting celebrity-founded consumer brands has secured US$40 million in commitments and is rapidly approaching its US$50 million fundraising target, signalling growing investor appetite for alternative opportunities beyond traditional asset classes. 

The Global Talent Fund, which has a maximum raise of US$100 million, focuses on building and investing in consumer businesses alongside celebrities, athletes, and influential personalities who play an active role as co-founders rather than simply endorsing products. 

The strategy is based on the belief that changes in consumer behaviour, particularly the rise of social media and digital engagement, have fundamentally altered how brands are built and scaled. 

GTF founding partner Jeremy Hunt, who is helping lead the fund’s strategy, said consumers increasingly feel connected to personalities they follow online and are more willing to support products developed by those individuals. 

“Consumers are searching for content to engage with, and when a celebrity they like or follow takes them on the journey of creating a product or brand, they genuinely feel part of that process,” he said. 

The fund is targeting high-growth consumer sectors including wellness, hydration, beauty and recovery, areas Hunt believes continue to benefit from strong global demand and ongoing innovation. 

Rather than backing celebrity endorsement deals, the fund is seeking businesses where talent is deeply involved in product development, brand creation and long-term growth. 

According to Hunt, authenticity remains one of the biggest differentiators between successful celebrity-backed brands and those that fail. 

“The consumer can see clearly if someone is simply being paid to promote a product,” he said. “The winners are typically the brands where the celebrity has genuinely helped build the business from the ground up.” 

The model has attracted support from several prominent Australian investors and business families, reflecting broader interest in alternative investments with global growth potential. 

Hunt said consumer brands offered a level of tangibility that many investors found appealing. 

“Consumer brands are what we touch, feel, smell and taste every day,” he said. “Our investors understand the growth potential in the model, but they also want to be part of the journey.” 

The fund’s rapid progress towards its fundraising target comes amid growing recognition that celebrity influence, when combined with strong commercial execution and scalable business models, can create significant enterprise value. 

With several high-profile celebrity-founded businesses generating billion-dollar exits in recent years, supporters of the strategy believe the opportunity remains in its early stages. 

For more information, contact marc@kanebridge.com.au

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