This week there was quite a lot of new information released. We got the NAB Business Survey, the RBA rate decision, average weekly earnings and vacancy rates. Later today we will get new lending data however, I am not going to have a chance to write that up, I will have a deeper-dive into this data on my Substack early next week.
Next week we’re looking at the release of new data on the wages, employee earnings, online job advertisments and the latest labour force survey. If there is anything else unexpected out I’ll be all over it too.
Below are some of the key property-related articles published over the past week.
Mosman to Toorak: The biggest suburb house price falls revealed
Treasury documents reveal Labor knew of negative equity risks from its 5pc scheme
Westpac’s plunge shows banking’s great mortgage shock just started
RBA warns house prices have further to fall
Chalmers optimistic house price forecast ‘mugged by reality’
RBA’s threat of a rate rise rings a bit hollow
Rate rises still on the table: Bullock says even 20% house price slump wouldn’t spark crisis
NSW and Qld on the verge of rating cut after hot to stamp duty
Liberal Andrew Bragg vows to demolish building code
Now, let’s take a look at the data that was published over the past week.
NAB Business Survey July 2026
Key insights
After 3 consecutive monthly increases, business confidence fell 1 point in July to -6 index points highlighting ongoing weakness in confidence from businesses.
Business conditions were 1 point higher over the month rising to +4 index points but remain below the long-run average of +7 points.
The components of business conditions were mixed with employment rising 2 points, profitability 1 point higher and trading unchanged.
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