The December Mid-Year Fiscal and Economic Outlook (MYEFO) predicted that Australia’s net overseas migration will fall to 375,000 this financial year. However, the Australian Bureau of Statistics (ABS) reported the highest monthly (105,500), quarterly (172,400), and annual (498,300) net permanent and long-term arrivals on record in February, defying Labor’s projections: The number of temporary migrants
Join us for a comprehensive exploration of the semiconductor sector in our upcoming podcast. In this episode, we’ll cover a wide range of topics, including the impact of AI on semiconductor technology, China’s influence on low-end chips, insights from the latest reporting season, the intersection of semiconductors with electric vehicles and solar energy, and the
Australian treasurer Jim Chalmers has been fortunate to benefit from large tax revenue windfalls from the mining boom driven by China. Despite political concerns about the challenging inflationary environment, Chalmers is making a lot of money. Australia has seen its largest trade boom in over 200 years. Australian treasurer Jim Chalmers has been fortunate to
The AFR reports that demand for homes priced under $800,000 is expected to increase in the coming months as investors and first-home buyers return to the market and compete for affordable stock. CoreLogic research director Tim Lawless said stronger-than-expected house price growth in the past 15 months and expectations of further capital gains were enticing
Last year, Treasurer Jim Chalmers presided over the biggest decline in real per capita household disposable income in the world, with Australian household incomes plunging by 6%: Now Jim Chalmers is promising better days ahead for Australian households, with new Treasury modelling suggesting that real household incomes will climb by at least $2800 next financial
Rebar futures and SGX began May in the usual way: Likewise, Dalian for iron ore and coking coal: Expect weak pricing for the next six weeks as southern Chinese rains inhibit construction, For those hoping for more property stimulus, here is Goldman: Since its re-introduction in late 2023, the PBOC’s Pledged Supplementary Lending (PSL) program
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ActionAid Media Release “We are calling urgently on the international community to act”: Rafah residents plunged into fear and panic as attacks intensify and a full-scale invasion looms. People in Rafah have been left terrified and panicked as airstrikes on the city intensify, thousands flee, and aid delivery is disrupted. Near continuous shelling in some…
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I noted last month how the composition and quality of Australia’s international student intake have dramatically changed over the past decade. In January 2005, there were 173,787 overseas students studying in Australia. As shown in the chart below, China (40,952) dominated enrolments, with India (14,362) in a distant second position. Nine years later, in 2014,
Let me summarise Resource Minister Mad King’s vision for gas for everything: Australia’s future gas strategy aims to support energy reliability, manufacturing, and industry, as well as tens of thousands of jobs in the manufacturing sector. The strategy outlines core principles, including managing gas emissions, ensuring affordability, and balancing competing demands. Australia is committed to
Another mixed night of risk taking with European shares still lifting while Wall Street is struggling to put on gains as concerns about the trajectory of the Fed overshadow the complex. The USD is now starting to firm against the currency majors with Euro pulling back further alongside Yen with the Australian dollar also failing
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The Australian’s Judith Sloan has backed former Australian Treasury official Stephen Anthony’s prediction that Victoria now may require a bailout from the federal government. The Victorian Budget forecasts net debt of $188 billion by 2027-28, up from $115 billion in 2022-23: That means that each Victorian resident would owe $25,300 per head in state debt
By James Moore History has a way of knocking humanity over the head with ironies. As Israel and the IDF took control of the Rafah Crossing into Gaza, the world, and especially Israel, was taking note of Holocaust Remembrance Day. The attack by Hamas terrorists on October 7th was the deadliest day for Jews since…
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Since the global financial crisis, big banks have taken a backseat, and asset managers have become the – often self-appointed – new experts and administrators of capitalism. Yet, collectively they also own global housing and infrastructure assets, prioritising immediate profits over other considerations like community, locality, workers and the environment.