Blogotariat

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that house price growth has fallen to its slowest level since April 2012, falling in real terms: House prices largely continue to flatline, and the rate of annual growth has fallen consistently since August. It now stands at

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By Leith van Onselen May’s Federal Budget contained various measures aimed at keeping older Australians in their homes, including: billions of dollars in funding for thousands of extra home-care packages; extending the Pensioner Work Bonus scheme, giving older Australians the ability to earn more money without affecting their benefits; and extending the Pension Loans Scheme

The post Coalition’s grey bribes to lock empty nesters in family homes appeared first on MacroBusiness.

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By Leith van Onselen With mass immigration opponent, Luke Foley, resigning from the NSW Labor Party’s leadership earlier last month, I was hoping that new leader Michael Daley would maintain the rage against the mass immigration influx that is destroying liveability in Sydney: Sadly, early indications are not good. Last month, Michael Daley appeared on

The post NSW Labor turns Big Australia defender appeared first on MacroBusiness.

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Via The Guardian: More than half of voters in the latest Guardian Essential poll believe Bill Shorten and Labor will win the next federal election. Only 21% think the Morrison government can recover from a horror year, and prevail at the polls in 2019. The disillusionment of Australian voters is also palpable in the final opinion survey

The post Essential: Labor galloping to victory appeared first on MacroBusiness.

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By Chris Becker Caution has been downgraded to uncertainty with stock markets selling off sharply overnight after what looked like a good bounce here in Asia yesterday. US stocks fell over 2% with US 10 year Treasury yields now well below the 2.9% level, dragging the USD lower against all the majors except Aussie. Recapping Asia’s

The post Macro Morning appeared first on MacroBusiness.

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Iron ore prices for December 17, 2018: Spot up. Paper down. Steel stalled. Port stocks still falling. It’s normal seasonal strength. Look to February for the next break in prices.

The post Daily iron ore price update (normal) appeared first on MacroBusiness.

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DXY was soft last night: But AUD was weak anyway: Gold is hopeful of a Fed pause, with good reason: Thanks to crashing oil: Base metals were mixed: Big miners were up: EM stocks were down: Junk was slammed with oil: Treasuries were bid: And bunds: Stocks sagged and look likely to break February lows

The post Australian dollar sinks with oil as global bear growls appeared first on MacroBusiness.

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Today’s maps focus on the performance of the Greens, who went backwards in terms of votes, yet managed to win a record number of lower house seats at a general election.

This first map shows the primary vote swing for the Greens in the 88 electorates.

Seats coloured dark green or bright green mostly swung to the Greens. Pale green seats had a small negative swing, with the brown seats doing worst.

The AFR is reporting as much: Banks will be forced to pay financial compensation and remediation to every bank customer who has been wronged, as the Labor Party signalled a tough response to the Hayne royal commission if it wins power. The ALP has also signalled it is likely to pursue comprehensive consumer law reform

The post Labor to take strong stand on banks despite corrupt RBA appeared first on MacroBusiness.

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Bipartisan panel: US must prepare for “horrendous,” “devastating” war with Russia and China

By Andre Damon 

16 November 2018

By Leith van Onselen Following on from yesterday’s post on the $8 billion downgrade to the NSW Government’s stamp duty receipts, the NSW Office of State Revenue has released stamp duty data to October, which reveals a $1.2 billion (16%) decline over the past year: As shown above, annual NSW residential stamp duty receipts ($6,231

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By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for October, which continued to show a trend rise in the number of inbound visitors, with both Chinese arrivals and student arrivals hitting an all-time high. The number of short-term visitor arrivals fell a seasonal 9.2% in

The post Foreign student arrivals hit record high in October appeared first on MacroBusiness.

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In the dynamic media environment we have in Australia, broadcasting regulation has become an exceptionally tricky exercise. If regulations are to work, they require creative application and on-going monitoring as commercial players will always seek to outmanoeuvre them, especially when they affect programming decisions. Bureaucracies move slowly. It takes time to define, then to pass legislation and once regulations are in place, too often assumptions are made that the job is done.