This week, we received data on dwelling approvals from the Australian Bureau of Statistics (ABS), which showed that the Albanese government’s target of building 1.2 million homes over five years (i.e., 240,000 dwellings a year) is falling badly behind. In the first 14 months of the National Housing Accord, 218,306 dwellings were approved, 61,694 (22%)
Tesla and SpaceX CEO Elon Musk has become the world’s first person to reach a net worth of $500 billion, according to Forbes. Musk’s fortune has been boosted recently by a rally in Tesla shares and soaring valuations of his private firms.
The pirates of Israeli supremacy: The West’s favorite rogue state has done it againThe assault on an aid flotilla headed for Gaza broke all kinds of laws, but then again, laws have never stopped Israel
Most of the media’s attention has been on Labor’s First Home Guarantee scheme, which came into effect on Wednesday. Under this scheme, almost all first home buyers can purchase a home with only a 5% deposit, without requiring lenders’ mortgage insurance, as taxpayers will guarantee 15% of the mortgage. Lateral Economics estimated that the 5%
Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.
By George Monbiot, published in the Guardian 27th September 2025
A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.
Inside beach, Portsea Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 few problems getting charts again today, sorry. will keep trying
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I enjoy flicking through Substack Notes of a morning, looking for an essay I might enjoy. Occasionally I’ll find something like ‘Light Travels at the Highest Possible Velocity’, a Sherman Alexie story I read one Sunday morning in bed which delayed my getting up by an hour.
It’s one of the best things I’ve read this year, and I found it by accident and read it for free.
Thanks Sherm.
Since the ABS started publicly releasing its monthly CPI in late October 2022, it has been a source of controversy and debate. It has been an indicator that has been paid significant heed one month and then absolutely ignored the next, as it no longer produced a result in the desired direction. It has been
The post The Reserve Bank, monthly CPI and rate cuts appeared first on MacroBusiness.
The Albanese government’s fantastical target of building 1.2 million dwellings over five years is centred on delivering a boom in high-rise towers. I have repeatedly warned that state and federal government plans to blanket our cities with high-rise apartments are unrealistic, would not improve Australian housing affordability, and would degrade liveability. The August dwelling approvals