Blogotariat

Last week’s dwelling completions data from the Australian Bureau of Statistics (ABS) showed that in 2024-25, the Albanese government fell 65,970 (27%) behind the National Housing Accord’s target, which requires 240,000 homes to be built annually for five consecutive years. It also means that Australia will have to build around 256,000 homes annually over the

The post Apartment projects lay dormant across Australia appeared first on MacroBusiness.

A Melbourne-based developer is planning to build a big battery project on a triangle of land between two roads at Macedon, in Victoria.

Some much-needed positive news for the fledgling offshore wind industry, as one of 11 remaining Gippsland projects advances into the queue for EPBC approval.

The Chinese property crash is somewhere near the halfway point. Here is the raw data for Ssptember, Floor space sold: -10.5% yoy in September, vs. -10.3% yoy in August (value of sales:-11.8% yoy in September, vs. -13.8% yoy in August). Floor area under construction: -9.4% yoy in September, vs. -9.3% yoy in August. New home

The post Chinese property crash has only a decade to go appeared first on MacroBusiness.

In September 2023, just as Australia’s net overseas migration was hitting its highest level in history (i.e., 556,000), NSW Premier Chris Minns told ABC’s 7.30 Report that he supported record immigration levels, claiming that more migrants were needed to build houses and apartments in the state. “We’re supportive of the commonwealth government’s decision to lift

Goldman kicks us off. China’s Q3 GDP report came in marginally above market consensus (though in line with our forecast) amid mixed September activity data — industrial production (IP )meaningfully beat market expectations, retail sales was in line, while fixed assetinvestment (FAI) missed notably, reflecting that the economy remains bifurcated. Real GDP growth moderated to

The post Iron ore’s golden depression rolls on appeared first on MacroBusiness.

The Market Ear melts up. Things can always melt up No, the 1999 analogy is not very likely, but imagine the AI narrative goes really crazy? After all, everybody tends to underestimate all moves. Full note here. Source: LSEG Workspace Never forget Santa coming this year again? Source: Equity Clock That was quick “US ETF shorts

The post Everything melt-up resumes appeared first on MacroBusiness.

DXY is up. So is AUD. And CNY. Gold is unstoppable. Oil screwed.   Metals confused. Miners rising debasement out of the bear market but the iron ore challenge looms. EM to the moon. Junk less worried. Yields down. Stocks up. Not much data again. More soothing from the loon on trade but today’s gong

The post Australian dollar rallies with humiliation of Rudd appeared first on MacroBusiness.

Former Trump national security advisor John Bolton has been indicted in Maryland on 18 federal counts of violating the Espionage Act, which is kind of poetic for a guy who’s spent a career demanding that everyone else get indicted for leaking things.

Bolton pleaded not guilty and will now enjoy the same due process that he’s long tried to deny whistleblowers, journalists, and the occasional sovereign nation.

The EU is doing everything in its power to undermine the upcoming summit between Russian President Vladimir Putin and his US counterpart, Donald Trump, the Russian Foreign Ministry has said. 

Ministry spokeswoman Maria Zakharova told TASS on Monday that the bloc is carrying out “active subversive actions” ahead of the planned meeting in the Hungarian capital, Budapest.

Unions and industry groups reportedly back plans for new vehicles to help struggling smelters seal their future with wind, solar and storage.

Foundations laid for the first of 69 wind turbines that will make up one of the biggest new wind farms in New South Wales.

New Zealand experienced one of the developed world’s largest rises in home values over the first 25 years of this century. However, as illustrated below by Justin Fabo from Antipodean Macro, New Zealand dwelling values have recently crashed back to 2019 levels, representing one of the largest property busts in the developed world. One year

The post Former New Zealand PM calls time on 30-year housing bubble appeared first on MacroBusiness.