Much to discuss on the agenda today.

We unpack recent housing data, exploring the slowdown in price and rent growth alongside lagging approvals.

Retail sales showed strength - but the RBA and other analysts disagree on why. Were they impacted by the weather, stage 3 tax cuts, or an early father's day? Mark will be the judge.

Additionally, Australia has hit a fiscal milestone with back-to-back budget surpluses for the first time since the Global Financial Crisis, while the Productivity Commission has provided a sobering update on our productivity growth.

Finally, we'll discuss the dizzying array of factors impacting oil prices on top of the escalating Middle East conflict and what this means for the global economy.