In December last year, Housing Minister Clare O’Neil appeared on ABC’s Triple J radio to discuss the issue of housing. What followed was a confirmation of what many already believed to be true: that the Albanese government wanted ever-rising housing prices. Here is a copy of the relevant part of the transcript. Interviewer: Why don’t
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The wreckers of Australian energy, and therefore living standards, as well as climate change mitigation, are shrieking like stuck pigs. At the top of the list is the corrupt Grattan Institute, sponsored by Origin. Its analyst, former Origin executive Tony Wood, famously campaigned against gas reservation in 2013. “With more than $160 billion forecast to
Chinese property is at the centre of some dark economic galaxy. Primary sales are woeful. Secondary sales are buckling. Prices are in freefall. Rent lol. Starts are now down 82% from peak Yoy. To summarise. Land sales can’t stop falling, though the fiscal pump has lifted prices somehow. The crash ahead in construction volumes remains
Equity markets have not yet gone full risk off but last week saw a lot of confidence fall out of Wall Street with a variety of causes to blame – the AI bubble, the slowing US economy due to the shutdown and tariff impacts, but also the looming release of the Epstein files. Tech stocks
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Over the weekend, the nation recorded its highest volume of auctions since March, with 3,258 capital city homes going under the hammer. Despite the strong volumes, the preliminary clearance rate was 70.0%. While this was down from 71.8% last week, the result suggested that buyer demand remained robust and is absorbing the higher volumes. Melbourne
DXY had a better night. AUD is caught between fear and greed. CNY up. Gold down, oil up. AI metals look toppy. Copper H&S? The chosen one, not. EM shaky. Junk is increasingly a worry as AI issues debt. Bad signal for risk. Yields up on the US reopening. Stocks dumped and pumped again. Goldman
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Claire Field, a former regulator of the vocational training sector, warned in 2022 that a large number of South Asian students were arriving in Australia in “response to the unlimited work rights now available to those on Australian student visas”, enrolling in “lower quality and cheaper vocational colleges” to live and work. The surge in
By Lucinda Jerogin, Associate Economist at CBA The unemployment rate fell to 4.3% in October from 4.5% in September. New housing lending surged 9.6% in Q3 25. Tourism and student arrival numbers remain below pre-pandemic levels. Our CommBank HSI recorded its eighth consecutive month of gains, lifting by 0.6% in October to be 6.3% higher
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It’s a Sunday and I can’t finish the lawn with a bit of moisture about. Someone flips an article by Abul Rizvi into play, and foolishly I read it. Doc Rizvi is slagging off the Institute of Public Affairs (IPA) for a release about immigration. I find myself reading both the IPA release and the
The ferrous complex remains paralysed by overly high iron ore prices. I have switched to Shanghai HRC (purple) prices from the national average, which may help explain some of the stickiness in iron ore prices. Despite the recent price falls in steel inputs, steel remains unprofitable. Production is being forced lower. But slowly so far.
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Why don’t we get to grips with the climate crisis? Partly because most of the means of communication are owned or influenced by the very rich.
By George Monbiot, published in the Guardian 14th November 2025
If this were just a climate crisis, we would fix it. The technology, money and strategies have all been at hand for years. What stifles effective action is a deadly conjunction: the climate crisis running headlong into the epistemic crisis.
Merchant.adventurers.of.london · DeepT Nov 25 Australian Inflation Interest Rates and the Need for Economic Policy reform As the Australian economy staggers towards Christmas 2025 with cost of living and energy pressures still hammering the electorate, Deep T and Gunnamatta discuss the dynamics surrounding current scope for the RBA to cut interest rates. Over about 45
