I noted yesterday the marvel of central planning housing in action. How it appeared to be deeply corrupt, out of touch with local needs, not to mention hopelessly short of the supply needed. Today the entire enterprise in Sydney turns from boondoggle to farce in one “No, minister” moment. SMH. Large parts of Sydney’s inner
From 1 April 2025, temporary residents will be banned from purchasing established dwellings for two years. Previously, temporary residents have been permitted to apply for approval to buy an established home to live in for the duration of their stay. They have also been allowed to purchase an established home for redevelopment if it increases
Donald Trump may have only recently re-entered the Oval Office, but his radical anti-climate ideas are on the march across the globe.
Earlier this month, the Australian Bureau of Statistics (ABS) released the Q4 2024 wage price index, which recorded growth of 0.7% for the quarter and 3.2% year over year. The 0.7% quarterly increase was the equal lowest growth since Q1 2022, while the annual increase of 3.2% was the equal lowest since Q3 2022. The
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The ferrous complex has begun to deflate post-supply disruption. Profits have halved at the big miners, but do not be fooled. The iron ore nightmare has not yet begun. Ahead is an epic crash in Chinese construction volumes. Capital Economics. Nor will Chinese consumption ever fill the hole for steel. I expect Chinese domestic demand
A decade ago, Australia was one of the worst nations for online piracy. The main driver of this piracy was a lack of affordable and timely content for Australians. As a result, Australians were compelled to resort to illegally downloading movies and television episodes via BitTorrent and other file-sharing programs. The landscape transformed when Netflix
The purported “crackdown” on international student numbers has failed to dampen numbers, with new Department of Education data showing record enrolments and commencements in the year to November 2024. As the following chart illustrates, there were 1,081,300 international student enrolments as of November 2024, up 120,454 (12.5%) from the previous record set in 2023. International
Much of the Western world is deindustrialising to meet ‘net zero’ emissions targets. For example, the United Kingdom’s strong restrictions on fossil fuel energy consumption have raised energy prices, causing sharp contractions in all energy-intensive businesses. The same deindustrialisation is taking place in Germany, which has imposed similarly harsh “net zero” rules. Australians are also
The election would be over if Peter Dutton applied domestic gas reservation in the east. Everybody supports it. Instead, he’s going to apply nothing whatsoever. The Australian. The Coalition will demand gas producers commit to prioritising supply to the domestic market in return for approving a “bucket load” of new projects, with a particular focus on
More bad news for the private economy as the true state of weakness is now hitting capex intentions. The first estimate for 25/26FY is up only 1.8%. Much of that is mining at 3,6%. Everything else is stalled out at just 0.9%. These are much lower estimates versus year-ago levels. The lunatic RBA is expecting
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Having already hypothetically destroyed Canberra, Sydney, Melbourne and Brisbane with nuclear-armed HN missiles, the tiny “flotilla” of Chinese vessels is moving to annihilate Adelaide. The federal government is preparing for a flotilla of Chinese warships to circumnavigate Australia in coming days, as Foreign Minister Penny Wong accused the Coalition of “beating the drums of war”
NATO Secretary General Mark Rutte on Thursday said western allies are preparing “billions more in aid” and working on security guarantees for Ukraine following a talk with US President Donald Trump. Rutte’s comments came as Trump met with UK Prime Minister Keir Starmer in Washington. Follow our liveblog for all the latest developments.