Salient threads in the digital debate over Australian monetary policy that are driving these signals include:
Predata's “Australian Tertiary Education Interest” signal comprises Chinese-language social and collaborative media sources related to top Australian Universities, their cities, and key landmarks — all things a parent may pay attention to when deciding where to send their child for higher education. Spikes in the signal often precede a jump in home sales in both Sydney and Melbourne. Recently, the signal has been driven by sources related to Melbourne — which might in part explain the recent divergence between the Sydney and Melbourne housing markets.
Concerned that debt-fueled speculation was causing the market to overheat, the RBA tightened lending rules, which, in Sydney at least, have helped to put the brakes on rising prices. But for now it seems Chinese buyers need not worry Australia will go the route of New Zealand, which has banned foreigners from buying property as a step to address a housing shortage.
At the Chinese Communist Party Congress in October, Xi Jinping announced China's economy would begin transitioning from a period of rapid growth to one of “high-quality growth.” Part of that agenda is renewable energy and clean technologies. Accordingly, our signal that tracks Chinese attention to renewable energy (above) has been rising. This transition will affect Australia, which is a major raw commodity exporter to China. Researchers have noted that if China were to accelerate energy efficiency in metals, Australian coal exports would plummet.
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