
Barratt Home Sales Fall Short of Guidance on Weaker London Deals
The developer said it sold 16,565 homes in the year through June 29, despite saying in April it expected to sell between 16,800 and 17,200 units, according to a statement Tuesday. Barratt Redrow said this was mainly due to 'fewer international and investor completions than expected' in its London businesses.
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Aussie who got job ‘on the spot' reveals how he's now earning $400,000 a year
A Sydney real estate agent claims he is earning $400,000 a year after being in the industry for more than a decade. The man's salary is on par with some of the country's highest earners, including jobs like surgeons and anaesthetists. The man was stopped on the boardwalk at Bondi Beach by Getahead, a jobs app that has gone viral online for quizzing people about their jobs and salaries. The man shared he started his real estate career 11 years ago. 'I just went straight into sales. I got a random open day invite to this real estate agency and just got the job on the spot,' he said. RELATED Young Aussie earning $300,000 a year in job reveals reality of 'mind-boggling' salary $105,000 superannuation warning over growing 'mini-retirement' trend Aussie tradie loses $110,000 house deposit due to small detail The man said it took him "about five years" to start making really good money in real estate. While he said he was now earning about $400,000 a year, average real estate agent salaries are much lower. Australian Taxation Office (ATO) data revealed the average real estate sales agent earned $100,531 per year in the 2022-23 income year, while the median income was $69,157. That's based on the 76,292 people working in the job. Male real estate agents earned higher salaries, on average, at $129,743 per year, while females earned $78,817 on average. Real estate agent commissions are typically a percentage of the property's sale price and are negotiable. The man said the most expensive house he had sold was $35 million last year. 'One of my ultimate goals is to sell a house over $100 million,' he said. While the industry can be a lucrative one, it does involve long hours. The man shared he was working from 7.30am to 6pm Monday to Friday, and on Saturdays showing open homes. He only gets Sundays off. Sunshine Coast real estate agent Ethan Forbes recently shared he was earning $300,000 a year and had been in the job for just two years. Forbes said he worked 12-hour days, six to seven days a week, for the first year of his career to try and make it. Last financial year, he said he brought more than $500,000 in gross commission income, which he splits with his agency LJ Hooker. The Sydney real estate agent said his best advice for people starting off in the industry was to surround yourself with the right people. 'Try to wiggle your way into a very high-performing team. If you surround yourself with like-minded people, you can get into better doors and bigger doors,' he said. At $400,000 a year, the man's salary is nearly as high as some of the highest-paying jobs in the country. The ATO recently revealed the top-paying jobs in Australia, based on the tax return data of millions of people from the 2022-23 income year. Surgeons topped the list with an average salary of $472,475 a year, followed by anaesthetists at $447,193. Financial deals rounded out the top three with an income of $355,233 per year on in retrieving data Sign in to access your portfolio Error in retrieving data
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This One Metric Suggests Bitcoin Has Plenty of Room Left to Run
Bitcoin (BTC) reached new all-time highs just above $112,000 on Wednesday, although the increase was only marginal compared to the previous peak. Despite the wave of bullish corporate adoption, with public companies adding bitcoin to their balance sheets. On-chain data suggests that bitcoin has more room to run when compared to previous cycle highs. One useful metric in this analysis is the MVRV Z-Score, which helps evaluate whether bitcoin is overvalued or undervalued relative to what could be considered its fair value. Unlike a traditional z-score, the MVRV Z-Score uniquely compares the market value to the realized value. When the market value, calculated as the network's valuation based on the spot price multiplied by supply, sits significantly above the realized value, which reflects the cumulative capital inflow into the asset, this has historically signaled market tops [red zone]. Conversely, when the market value is well below the realized value, it has often indicated market bottoms [green zone]. The MVRV Z-Score is defined as the ratio between the difference of market cap and realized cap, and the standard deviation of market cap, expressed as [market cap minus realized cap] divided by the standard deviation of market cap. The standard deviation is calculated cumulatively from the first available data point to the present day, making it a long-term measure. Currently, the MVRV Z-Score sits at 2.4. In past bear market lows, bitcoin has registered scores below zero, as seen in 2015, 2019, and 2022. Meanwhile, cycle tops have historically occurred when the score reaches 7 or higher, as was the case in 2017 and 2021, according to Glassnode data. Although this is just one data point, it indicates that bitcoin still has significant potential for further upside compared to previous in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Sugar Prices Fall on the Outlook for Robust Global Supplies
October NY world sugar #11 (SBV25) on Monday closed down -0.27 (-1.63%), and August London ICE white sugar #5 (SWQ25) closed down -14.90 (-3.08%). Sugar prices on Monday gave up an early advance and fell sharply, with London sugar posting a 1-week low. Sugar prices have plummeted over the past three months due to expectations of a global sugar surplus. On July 2, October NY sugar posted a contract low, and Aug London sugar posted a 3.75-year nearest-futures low, while on June 30 the July NY sugar contract posted a 4.25-year low on the nearest-futures chart. On June 30, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 million metric tons (MMT), with global sugar ending stocks at 41.188 MMT, up 7.5% year-over-year. Coffee Prices Surge on Dry Conditions in Brazil and Tariff Threats Why Sunday's Open Isn't as Important as the Next Weekly Close Slower Pace of Ivory Coast Cocoa Exports Boosts Cocoa Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. On Monday, NY sugar initially climbed to a 2-week high, and last Wednesday, London sugar posted a 1.5-month high on concerns that global sugar supplies may tighten. Pakistan said last week it will import 500,000 MT of sugar, and the Philippines said it will import 424,000 MT of sugar. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. The outlook for abundant rainfall in India could lead to a bumper sugar crop, which is bearish for prices. On April 15, India's Ministry of Earth Sciences projected an above-normal monsoon this year, with total rainfall forecast to be 105% of the long-term average. India's monsoon season runs from June through September. On Monday, the India Meteorological Department reported that rainfall in June was 9% above normal in India and has forecast above-normal rain for July. Signs of larger global sugar output are negative for prices. On May 22, the USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT. Also, India's 2025/26 sugar production is projected to rise +25% y/y to 35.3 MMT, citing favorable monsoon rains and increased sugar acreage. In addition, Thailand's 2025/26 sugar production is expected to climb +2% y/y to 10.3 MMT. In a bearish factor, the Indian government said on January 20 that it would allow its sugar mills to export 1 MMT of sugar this season, easing the restrictions placed on sugar exports in 2023. India has restricted sugar exports since October 2023 to maintain adequate domestic supplies. India allowed mills to export only 6.1 MMT of sugar during the 2022/23 season to September 30, after allowing exports of a record 11.1 MMT in the previous season. However, the ISMA projects that India's 2024/25 sugar production will fall by -17.5% y/y to a 5-year low of 26.2 MMT. Also, the ISMA reported last Monday that India's sugar production from Oct 1-May 15 was 25.74 MMT, down -17% from the same period last year. In addition, Indian Food Secretary Chopra said on May 1 that India's 2024/25 sugar exports may only total 800,000 MT, below earlier expectations of 1 MMT. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. Sugar prices have some support from reduced sugar production in Brazil. Unica reported today that the cumulative 2025/26 Brazil Center-South sugar output through June is down by -14.3% y/y to 12.249 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data