The Australian Bureau of Statistics’ (ABS) latest annual national accounts reported that Australia’s land was valued at $9.2 trillion in 2023-24, with residential land accounting for 84% ($7.7 trillion). As illustrated below, residential land values have skyrocketed from 1.1 times Australia’s GDP in 1989 to 2.9 times GDP as of 2023-24. The total value of Australia’s
Asian share markets are not doing so well as the play catchup to the risk off mood that has been dragging down Wall Street since Friday night with returning Japanese markets down the most while local shares are still heading down due to the somewhat hawkish RBA position. Meanwhile the Australian dollar is trying to
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The Market Ear with more. What could go wrong? Steve Cohen expects a significant correction. Warren is hoarding more cash than ever. Some valuations metrics say that this is the most overvalued market ever. Hedge funds, long-onlies, retail and CTAs are all close to max long. What could go wrong…? Retail Retreat Retail investors turned
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Analysis shows that the federal government has made $123.6 billion worth of discretionary spending decisions in the three budgets it has handed down since taking office in May 2022. The government has also announced some $20 billion worth of election promises since the start of 2025, headlined by the $8.5 billion expenditure on Medicare. Independent
“Voluntary attendance. Online classes. Student numbers swelling”. The Guardian’s education correspondent, Caitlin Cassidy, has questioned the erosion of teaching standards at Australia’s universities, which have transformed into little more than “degree factories”: More than a dozen academics who spoke to Guardian Australia on the condition of anonymity say their work has become undervalued and underpaid,
According to the Department of Education, a record 1,018,799 international students were enrolled in Australia during the year ending Q3 2024: The table below shows a breakdown of enrolments by type of institution. As you can see, vocational education and training (VET) has had the largest increase in student enrolments since 2019, from 247,467 to
Domain is busy trying to argue Australians wouldn’t support Trump policies. The only problem is that this ignores the four major Trump policies and themes that got him elected. Slashing immigration to protect wages. Applying tariffs to boost local industry. Disengaging from China. America First! How are we to know if Australians support Trumpist policies
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DXY is still legging it down. AUD was soft anyway. Plenty of room to catch up to lead boots. Gold is about as overbought as anything, ever. Oil not liking Ukraine peace. Another commods false start. Miners rolling. That deep suckered sound you can hear is Chinese stocks hoopla gone bust. Junk is telling us
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Wall Street is still failing to make a comeback after its Friday night breakdown with tech stocks again on the back foot while European shares were mixed as the German DAX made a new high on the back of a new conservative government that looks set to go full steam ahead in defense spending. The
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