The Reserve Bank of Australia’s (RBA) interest rate cuts alongside the imminent introduction of the Albanese government’s 5% deposit scheme for first home buyers have triggered a sharp uptick in Australian home prices. Cotality’s daily dwelling values index has reported the strongest 28-day growth since March 2024, with values across the five major capital cities
CBA released its monthly Household Spending Insights (HSI), which rose by 0.3% in August and follows a 0.7% lift in July and a 0.5% increase in May and June. The following chart from Justin Fabo from Antipodean Macro plots the uptrend in the HSI over recent months and confirms the stronger household consumption reported in
The post Energy price shock lands on households appeared first on MacroBusiness.
The federal government is widely tipped to announce its 2035 emissions reduction target next week, ahead of the upcoming United Nations General Assembly meeting in New York. The Labor Environment Action Network’s new co-convener Louise Crawford says the 2035 target will provide an opportunity for Australia to demonstrate “global leadership” on the world stage. Crawford
Statistics New Zealand this week released migration data, which showed that only 13,066 net overseas migrants landed in New Zealand in the year to July. This was well below the decade average of 49,000 and more than 120,000 lower than the late 2023 peak. The decline in net overseas migration has been driven by the
The post Fed up Kiwis flee to Australia appeared first on MacroBusiness.
Washington has dismantled its decades-long strategy of balancing competing regional powers in West Asia, opting instead to destabilize the region through its full-spectrum military, diplomatic, and intelligence backing of the Israeli occupation state.
Where the post-9/11 years were defined by US-led regime change and nation-building, today's strategy is defined by state-breaking and governance erosion.
I have consistently cautioned that the state and federal governments’ plans to blanket our cities with high-rise apartments will not improve housing affordability. The reason is simple: it is too expensive to construct apartments. As a result, they cannot be delivered at a reasonable cost to buyers. Urbis highlighted the excessive cost of apartment development,
When Australia’s international borders reopened in early 2022, the nation was already well in the midst of a rental crisis. As a result of the pandemic, demand for rentals surged significantly, first in regional areas as people sought to make their exodus from lockdown-impacted cities and then in the capitals as individuals stuck at home
OUR DEMOCRACIES rely on voters. Voters have to make choices as to who or what ideas are going to represent these choices. Choices are made on various influences:
— what’s best for me?
— what’s best for the “community”
— I trust an ideology
— Party politics
— PROPAGANDA
PROPAGANDA is a funny beast as it can be the truth being spruiked or lies being promoted as truth.
From the Market Ear AAII bull – bear spread vs. SPX. All this bull… and we are still in neutral land. Chugging along Russell continues trading inside the perfect trend channel. We are printing new recent highs, and buying that 21 day moving average continues to be a simple but profitable strategy. Overboughter GDX has
The post Markets are all bull and no sentiment appeared first on MacroBusiness.
In February, on ABC’s Q&A, Prime Minister Anthony Albanese stated that the government was cutting immigration and relieving pressure on the housing market by reducing international student numbers. Albanese noted that the student visa system was being “abused”. This week, we learned that international student enrolments hit a record high of 839,200 in the year to