We are still waiting for the final 2PP figures – they’ve finished in 149 seats and have even started the 2PP count in Bradfield now – but we now have basically all of the two-candidate-preferred figures in. We may not know the final Bradfield outcome, but for the purposes of today’s post it is close enough.
The Albanese government is captured and is gutless: A gas reservation scheme that is implemented only on a prospective basis would do little to solve Australia’s east coast gas shortage, experts warn. Energy minister Chris Bowen on Sunday ruled out retrospective reservation of gas but left the door open to prospective changes to “see what
The latest data from the Department of Education shows that there were a record 1,095,298 international students enrolled in Australia at the end of 2024, an annual increase of 13%. There were also a record 571,986 new enrolments at the end of 2024. Julie Hare from The AFR reports that university tuition fees from international
Steel prices keep falling. Is it any wonder? Flat steel is…flat… Long is still sinking with the property Titanic. Output is crap again. 2025 is shaping as another 2-3% downward shift in China steel output, unless authorities push it to 5%, which they should!
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CBA senior economist Stephen Wu created the following chart showing the divergence between various population measures: According to Wu: Next week’s National Accounts release (4/6) will contain an updated estimate of population growth, which is driven by net overseas migration (NOM). The already-released retail trade data show estimates of population growth will be downwardly revised
The Market Ear with a May cleanup. Marvelous May We just completed the single best month of May for stocks in the last 35 years. As we have highlighted over and over again during the past few weeks, sentiment and positioning have been very light, which of course has helped the rally. However, now the
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Over the weekend, a reader hit me up with one of the best questions I’ve been asked about the Cruel Stars trilogy. They wanted to know why I don’t spend much time describing what the characters look like. Why don’t I tell you whether Lucinda Hardy has red hair or how tall Sephina L’Trel is? Why leave McLennan’s face to the imagination?
Westpac is reading the economy right as examines Q1 GDP. Domestic demand is expected to have slowed, lifting only 0.3%qtr in Q1. As growth in new public demand moderates, private demand remains patchy and at this stage, unable to pick up the slack left by the public sector. The impacts of the natural disasters which
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Friday night was a mixed one for risk markets and will be compounded again with a lot of weekend news, let alone the big strike on Russia by the Ukrainians, but also Chinese PMI prints and what looks like another round of tariffs from the Trump regime coupled with a lot of whining about China.
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This week’s Q1 national accounts release from the Australian Bureau of Statistics is expected to reveal that per capita GDP declined, effectively pushing Australians back into recession after the reprieve in Q4 2024. The weak result will likely be driven by household consumption, which continues to disappoint despite the Stage 3 tax cuts and falling
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The Albanese government’s fantastical target to build 1.2 million homes over five years is centred on delivering a boom in high-rise towers. However, the April dwelling approvals data from the Australian Bureau of Statistics (ABS) showed that high-density approvals have collapsed. Overall dwelling approvals fell by 5.7% in April in seasonally adjusted terms, which followed