It took a while, thanks to that perfidious leasing company we used a couple of years ago, but we finally traded in the Mini (genuinely sad trombone) and picked up the new car: a fully electric Volvo EX30.
In the debate surrounding housing affordability, it is suggested that a politician pushing for lower home prices would be political Kryptonite: a death knell for whatever party they are attached to. This narrative has been repeated year after year, decade after decade, but is it really as politically damaging as the BBQ-side political commentary suggests?
Australia’s housing market has been on a tear, with Cotality’s daily dwelling values index surging by 1% over the past 28 days across the five major capital city markets, the strongest growth rate in two years: The surge in home values follows the most bullish house price expectations in 15 years, according to Westpac’s monthly
The post Is this the end of the house price boom? appeared first on MacroBusiness.
Victoria disease finally has a cure. The state will assist you in shuffling off this mortal coil. Voluntary assisted dying reform has passed the lower house of the Victorian Parliament to applause and embrace. Labor and the Coalition both granted their members a conscience vote. It gave MPs the rare chance to offer – and
The post Finally, a way out of Victoria appeared first on MacroBusiness.
Japan and Korea know how to play the king. Anything Japan can do, South Korea can do better? A day after Japanese Prime Minister Sanae Takaichi laid on the flattery during US President Donald Trump’s visit to Tokyo, South Korean President Lee Jae Myung welcomed him by presenting him with a golden crown. The Korean
The post Korea gives Trump crown, we give him Rudd appeared first on MacroBusiness.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores why corporate earnings have remained surprisingly resilient—from pricing power and higher-margin business models to cost discipline and selective AI-driven productivity—and tests how long those supports can hold as wage growth, refinancing costs, and capex pressures build. Join us on Today, LIVE at 12:30
Sometimes markets are nothing more than denial machines. Iron ore prices are clearly bullish and set for a breakout. The basis of this could not be thinner. The price of 62% Fe grade iron ore fines from Australia delivered to China increased by US$0.80 to US$106.25. The rise was primarily driven by better market sentiment
The post Iron ore roars into glut appeared first on MacroBusiness.
Australia’s housing market is turning subprime. The proof is everywhere. For more than a decade, the Australian Prudential Regulatory Authority (APRA) flagged high loan-to-valuation ratio (LVR) mortgages as a key risk area. For example, in December 2014, APRA released guidance stating that “ADIs should not undertake large volumes of, or increase their share of, higher-risk
Economists at one of Canada’s largest banks, Toronto-Dominion Bank, published a report assessing the impacts of the Canadian government’s “population freeze”, which aims to alleviate pressures on the nation’s economic and social infrastructure. Last year, the government introduced an immigration plan to right-size non-permanent residents (NPRs) and permanent resident (PR) targets to allow for some
For a government so intent on staying in power, versus making good policy, the neglect of energy markets has come to define it. The great Alboflation of 2022/23 was mostly via energy costs. The government massaged its way out of that by plundering taxpayers to provide rebates to taxpayers, a classic bait and switch. But
The post Gas cartel grinch eats your Xmas rate cut appeared first on MacroBusiness.
