By Leith van Onselen The NSW Budget was released yesterday, which downgraded the state’s stamp duty receipts by a further $232 million over the forward estimates, and marked a $10.6 billion plunge in stamp duty revenue since 2017. The below charts iuulstrate how NSW’s stamp duty projections have been downgraded over the past year. First,
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By Leith van Onselen SQM Research has released its rental vacancy series for May, which revealed a small fall in the national vacancy rate to 2.2% from 2.3% last month; although it was up 0.1% over the year: Over the year, increases in vacancies were recorded in Sydney (+0.8%), Melbourne (+0.4%) and Canberra (+0.4%), whereas
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Earlier this month, Auditor-Generals from Australia’s three largest states warned that Australia’s universities have become dangerously reliant on fees from international students, which have ballooned on the back of the massive rise in international student numbers, as shown below: As you can see, the number of international students studying in Australia has nearly doubled to
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“Tiny homes are an Orwellian rebranding of the systematic exclusion of younger generations from home ownership”. What a great quote that is. What smart cookie came up with that? Some bloke named David Llewellyn-Smith on ABC radio yesterday. Full interview here: They should get him on more often.
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Bloomberg NEF says people-powered revolution in rooftop solar and battery storage, along with cheap wind and solar farms, will drive coal out of Australia's grid.
Global Macro / Markets / Investing: U.S. shale oil output to rise to record 8.52 million barrels per day in July: EIA – Reuters Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000 – MarketWatch Asian markets mostly gain ahead of central bank meetings – MarketWatch Americas: Bosses pocket
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“Our nation faces a slow decline if it takes no action on its major economic, social and environmental challenges.” Unless we act boldly; commit to long-term thinking, we face a poorer, bleaker future. It’s the big idea of the Australian National Outlook 2019 (ANO 2019), a report published Wednesday, 12 June, by CSIRO whose partners…
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It has been a history of turns and the occasional betrayal, but Hong Kong’s experiment with democracy, incubated within the Special Administrative Region, was always going to be contingent on some level. Its colonial past is a poke, a reminder of British bullying, the corruptions of opium and a time when Qing China was torn…
South Australia to make electric vehicles a focus as it looks to solve the solar “duck curve” in the grid, and help integrate high renewables.
Asian share markets continue their mixed start to the trading week as risk markets continue to wait the latest from the tanker attacks in the Gulf and the upcoming FOMC Meeting on Wednesday. The PBOC is basically holding steady with its firm hold on the Yuan while the RBA released its latest minutes which sent
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By Henry Johnston Difficult to pin down when this narrative actually began, but for argument’s sake I’ll posit its start with the recent Australian Federal Election and the plethora of fake news trumpeting a Labor victory. A successive run of negative polls published over at least two years, pointed to this mythical Labor win. Indeed,…
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EV can help to significantly lower global transport emissions, but governments must develop the strategies to ensure they can achieve their full potential.
“For the farmer sows his fields Of barley, oats or wheat. While the lawyer reaps fortune From fields of deceit.” Brian Pascoe leaned forward in the soft leather chair with one arm on the lawyer’s desk and the other hand on his knee. His brow was knitted and he felt his anger raising as he…
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The Communist Party of China has turned deeply irrational. We’ve seen it paint itself into a corner on a trade deal, massively overreach in Hong Kong and now it is readying to push the trade war into commodities. Via Zero Hedge: During a Monday press conference, the Chinese NDRC said it was developing new state
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