The Reserve Bank of New Zealand’s 1.75% reduction in the official cash rate has finally stimulated an upswing in New Zealand house prices. The Real Estate Institute of New Zealand’s (REINZ) House Price Index jumped by 1.4% in February to be 0.5% higher over the quarter. Over the year, New Zealand home prices were down
The post Reserve Bank drives house price rebound appeared first on MacroBusiness.
With Donald Trump’s return to the presidency, the United States has attempted to reshape its global image from a disrupter to a peacemaker. However, this transformation appears to be an illusion masking long-standing hegemonic ambitions.
A Great Illusion BY Abbas Hashemite
Long-term readers of MB will recall Martin “Parko” Parkinson, the roaring hypocrite who spent much of his time whining about poor productivity in various senior roles while making it much worse himself. Today he returns to lord it over us all with lies. Former top public servant Martin Parkinson has warned Labor and the Coalition
The post Go back to your sinecure, Parko appeared first on MacroBusiness.
Treasurer Jim Chalmers addressed the Queensland Media Club on Tuesday, where he was asked about Labor’s promise before the last election to cut household electricity bills by $275 by 2025. Chalmers admitted that it would not be met. “The number that you’re referring to, which we all used on a number of occasions, was a
Via Roy Morgan. In February 2025, Australian ‘real’ unemployment increased 214,000 to 1,834,000 (up 1.4% to 11.5% of the workforce) with significantly more people looking for work. The driver of this increase in unemployment were the large falls in full-time employment, down 273,000 to 9,356,000, and a drop in part-time employment, down 99,000 to 4,767,000,
Germany’s federal parliament, the Bundestag, is voting today on the largest rearmament programme since the Nazi regime. It will provide the future government with around €1 trillion to rearm Germany into a major military power and enable it to wage war.
It is all so predictable. One of Australia’s biggest coal power stations in Victoria’s Latrobe Valley is set to stay open for four more years amid fears of devastating electricity shortages, in an extraordinary U-turn for the state Labor government’s renewable energy-only blueprint. A decision to keep coal in the power system for longer underscores Australia’s
According to the Australian Bureau of Statistics (ABS), 1,044,160 net permanent and long-term arrivals have landed in Australia since the Albanese government took office in June 2022. New data from Jobs & Skills Australia, collated by Justin Fabo of Antipodean Macro, demonstrates that the record net overseas migration has done nothing to alleviate high-skilled labour
The latest sales data is flatlined. Sentiment flatlined. Inventory a bit better. But the completions cliff appears to be here. Not good for bulks as steel breaks down. ‘Dem jaws is wide.
The post Iron ore falls off Chinese completions cliff appeared first on MacroBusiness.
On last week’s ABC Q&A program, federal health minister Mark Butler claimed the government has “been working very hard to get migration levels, immigration levels down to something we think the country can manage”. Wow, the gaslighting when it comes to immigration and housing is off the charts. Check out this excellent question and the
The post Labor’s “migration crackdown” fails appeared first on MacroBusiness.