Blogotariat

Net overseas migration is undoubtedly the most significant driver of housing demand in Australia. Australia’s population grew by 445,900 in 2024 (equivalent to a Canberra), driven by net overseas migration of 340,600. Net overseas migration remained above the pre-pandemic peak of 315,700 in Q4 2008, accounting for 76% of total population growth. Another overlooked factor

S&P with the report. Flash Australia PMI Composite Output Index(1): 51.2 (May: 50.5). 3-month high. Flash Australia Services PMI Business Activity Index(2): 51.3 (May: 50.6). 3-month high. Flash Australia Manufacturing Output Index(3): 50.4 (May: 49.8). 2-month high. Flash Australia Manufacturing PMI (4): 51.0 (May: 51.0). Growth in new work was notably driven by domestic clients

Macquarie's Eku Energy is expanding into New Zealand with the purchase of a battery storage project in the Waikato region.

Federal government says plans to run 833km gas pipeline from southern Queensland to Newcastle will not have any significant impact on the environment.

In the debate surrounding the so-called “Mortgage Cliff” and the impact of inflation and higher interest rates on households, the possibility of a strong rise in mortgage arrears has been written off in many quarters. Yet with the release of the latest Residential Mortgage Backed Security (RMBS) data from ratings agency Fitch, that is exactly

The post Mortgages arrears surge to decade highs appeared first on MacroBusiness.

Victoria’s economy has become a national disaster. The Australian Bureau of Statistics’ (ABS) annual state accounts for 2023-24 revealed that Victoria’s per capita GDP fell by 1.2% annually and has only increased by 10.4% since the Global Financial Crisis (GFC) in 2008. Victoria’s growth compares poorly against the 1.0% national decline in per capita GDP in

The post Victoria’s economy is gravely ill appeared first on MacroBusiness.

The ferrous complex is hardly inspiring confidence. Steel output cuts should eventually force more price weakness upstream to iron ore. Meanwhile, Goldman has finally cottoned on to the structural nature of the Chinese property crash. It is forever. Gauging China’s new urban housing demand: In a recent comprehensive update, we re-examine China’s underlying demand for

The post China’s thousand year property crash appeared first on MacroBusiness.

Earlier this month I published a blog post which discovered that the average 2CP margin of victory has not actually been getting smaller at recent federal elections. I didn’t end up including the chart in the post, but I also identified that the numbers of marginal seats hasn’t been going up over time, despite a number of formerly-safe seats now becoming marginal non-classic seats.

But I wanted to explore the make-up of those marginal seats over time, and the safe seats not included on the list: seats for each party, and the number of classic and non-classic seats.

Project developers expect new revenue streams for big batteries to appear in the next decade.

Everything is awesome as a potential ceasefire in the Middle East is underway, following an Iranian attack on a US military base in Qatar was thwarted. This has sent risk significantly higher, dumping USD and oil prices in the process, negating all the fallout from the entry of the Trump regime into the war. Euro

The post Macro Morning appeared first on MacroBusiness.

‘[John Hepworth] turned death into an art form …Theatrical by inclination, he was determined to die in his own bed with his hat on… Hepworth was splendid while dying. Dressed in a magnificent nightshirt, and wearing a Victorian smoking cap, he entertained the friends who had come to say goodbye.’

The Age, November 1994

The accelerator program is accepting applications from renewable energy innovators, providing expert support and grant funding to help companies scale globally and enter the Indian market.

As the bombs, missiles and threats are thrown around the Middle East like kids in a playground, risk markets are relatively stable following the entry of the US into the Israel-Iran war. The USD is gaining more strength against most  of the undollars with the Australian dollar losing ground to head back to the 64

The post Macro Afternoon appeared first on MacroBusiness.