Gold measured in Australian dollars has more than doubled since 2023: This is during a period of relatively calm valuation in AUD vs USD with a 10% dip that has now recovered back to 2023 levels: Of course Bitcoin and other crypto inventions have quadrupled over the same time period, but their future is a
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New investment in renewables and storage has "dropped off a cliff" in first year of new LNP state government in Queensland, new data shows.
The post Crisafulli LNP government’s first year devastates new renewable energy and storage investment in Queensland appeared first on Renew Economy.
I reported last week on how increases in tobacco excise have resulted in a significant decline in Australia’s tobacco excise revenue. While illegal cigarettes are easily accessible and cost about $15 a pack, a legal packet of cigarettes now costs about $50 (tax and excise account for about $34). The Australian Bureau of Statistics (ABS)
The monthly Westpac consumer sentiment index has been released, which has snapped back into pessimistic territory after last month’s aberration, falling 9% over the month to be sitting below levels seen in August and September. Consumers are increasingly worried about interest rates, inflation, and family finances, though labour market expectations remain stable. The main index
Star of the South has become a Gippsland landowner as it makes space for underground cables to come ashore, and has also filed its EIS.
The post Star of the South hits major planning milestone, buys land for cables as it files “most comprehensive” EIS appeared first on Renew Economy.
The recent Canadian federal budget revealed that migration levels are expected to remain dramatically below pre-COVID levels across the entire forward estimates. Under the Carney government’s migration policy, the share of the Canadian population made up by temporary visa holders is to be reduced from a peak of 7.5% to 5% by the end of
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Plans for what promises to be the biggest solar-battery hybrid project in Australia – at least for a time – can now go ahead, after being given federal environmental approval.
The post Australia’s biggest solar-battery hybrid project wins federal green tick to move to construction appeared first on Renew Economy.
In recent times, senior members of the Albanese government, such as Treasurer Jim Chalmers and Housing Minister Clare O’Neil, have argued that housing supply growth is either improving significantly or is rapidly heading in that direction. While it’s true that dwelling investment has increased in dollar terms, it hasn’t translated into increased dwelling completions, as
Akaysha completes its first big battery project, one of two supplied by a US company that has since sought bankruptcy protection.
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Former senior immigration department bureaucrat Abul Rizvi loves to place the racism/xenophobia card against anybody arguing for lower, sustainable levels of immigration (for example, see here, here, here, and here). On Friday, Tarric Brooker posted the following factual chart on Twitter (X), stating that net permanent & long-term (NPLT) arrivals hit a record high in
From the Daily Shot: China’s economic conditions showed marked weakness. Before delving into the details, here’s the aggregate timely growth measure. Incoming data have surprised to the downside. Industrial production growth unexpectedly slowed to 4.8% Y/Y, below consensus. The miss was attributed to slower output in the auto and utilities sectors. Retail sales growth slowed
Another selloff on Wall Street overnight was balanced by a strong bid across European stocks as risk markets continue to dance around the lower volatility trading period before Christmas. Potential progress in peace talks in Ukraine saw oil prices drop again while the USD continues to drift lower against the majors as bonds rallied on
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Median dwelling values in Queensland have roughly doubled since the beginning of the Covid-19 pandemic. As a result, Queensland’s median dwelling price-to-income ratio soared to 8.8 (Brisbane) and 8.5 (regional Queensland) as of the September quarter of 2025: The percentage of median household income required to service a mortgage in Queensland was also tracking at