Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

NSW stamp duty bust drives public sector job cuts

June 19, 2019 - 00:12 -- Admin

By Leith van Onselen The NSW Budget was released yesterday, which downgraded the state’s stamp duty receipts by a further $232 million over the forward estimates, and marked a $10.6 billion plunge in stamp duty revenue since 2017. The below charts iuulstrate how NSW’s stamp duty projections have been downgraded over the past year. First,

The post NSW stamp duty bust drives public sector job cuts appeared first on MacroBusiness.

Rental vacancies declined in May

June 19, 2019 - 00:10 -- Admin

By Leith van Onselen SQM Research has released its rental vacancy series for May, which revealed a small fall in the national vacancy rate to 2.2% from 2.3% last month; although it was up 0.1% over the year: Over the year, increases in vacancies were recorded in Sydney (+0.8%), Melbourne (+0.4%) and Canberra (+0.4%), whereas

The post Rental vacancies declined in May appeared first on MacroBusiness.

Universities waste international student billions on administration

June 19, 2019 - 00:08 -- Admin

Earlier this month, Auditor-Generals from Australia’s three largest states warned that Australia’s universities have become dangerously reliant on fees from international students, which have ballooned on the back of the massive rise in international student numbers, as shown below: As you can see, the number of international students studying in Australia has nearly doubled to

ScoMo’s “tiny homes” campaign napalmed on ABC radio

June 19, 2019 - 00:05 -- Admin

“Tiny homes are an Orwellian rebranding of the systematic exclusion of younger generations from home ownership”. What a great quote that is. What smart cookie came up with that? Some bloke named David Llewellyn-Smith on ABC radio yesterday. Full interview here: They should get him on more often.

The post ScoMo’s “tiny homes” campaign napalmed on ABC radio appeared first on MacroBusiness.

Links 19 June 2019

June 19, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: U.S. shale oil output to rise to record 8.52 million barrels per day in July: EIA – Reuters Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000 – MarketWatch Asian markets mostly gain ahead of central bank meetings – MarketWatch Americas: Bosses pocket

The post Links 19 June 2019 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Macro Afternoon

June 18, 2019 - 16:30 -- Admin

Asian share markets continue their mixed start to the trading week as risk markets continue to wait the latest from the tanker attacks in the Gulf and the upcoming FOMC Meeting on Wednesday. The PBOC is basically holding steady with its firm hold on the Yuan while the RBA released its latest minutes which sent

The post Macro Afternoon appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Crazy China prepares rare earths ban

June 18, 2019 - 14:30 -- Admin

The Communist Party of China has turned deeply irrational. We’ve seen it paint itself into a corner on a trade deal, massively overreach in Hong Kong and now it is readying to push the trade war into commodities. Via Zero Hedge: During a Monday press conference, the Chinese NDRC said it was developing new state

The post Crazy China prepares rare earths ban appeared first on MacroBusiness.

London drives UK house price rebound

June 18, 2019 - 14:00 -- Admin

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that annual price growth climbed back into the black driven by a rebound in London: In the year to May, UK house prices climbed by 0.3% (up from -0.1% in April), driven by Greater London where value losses

The post London drives UK house price rebound appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Moody’s perverse take on the NSW Budget

June 18, 2019 - 13:53 -- Admin

Leith is busy putting together his critique of the NSW Budget, which has added some terrifically ill-timed austerity to the NSW economy. In the meantime Moody’s has delivered this clangor in its assessment: Despite the housing market correction delivering a sharp decline in transfer duties, New South Wales’ 2020 budget highlights a continued strong operating

The post Moody’s perverse take on the NSW Budget appeared first on MacroBusiness.

CoreLogic: Rental growth hits historical lows

June 18, 2019 - 13:30 -- Admin

CoreLogic has released new data showing that annual rental growth across Australia is stuck at a historically low 0.4% nationally, with rents across the combined capitals actually falling by 0.1% in the year to May: As shown above, Sydney (-2.9%) and Darwin (-5.2%) were the main drivers of the falling growth across the combined capitals.

The post CoreLogic: Rental growth hits historical lows appeared first on MacroBusiness.

Pages