Data from the Department of Education shines a bright light on how the composition of Australia’s international student enrolments has changed for the worse. In January 2005, there were a total of 173,787 international students enrolled in Australia. As illustrated in the following chart, China (40,952) dominated enrolments, with India (14,362) in a distant second
The Market Ear on the bounce. 5k matters This is the short term line in sand level to watch. Note we briefly touched the 100 day on Friday. 5k is the must hold, or…We outlined our short term logic earlier today: “A bounce and then the next move down?” Refinitiv Thinking about a bounce GS
YIMBYs, politicians, think tanks, the media, and developers are urging Australia to relax planning restrictions so that hundreds of thousands of apartments can be erected in the ”missing middle’ of our cities. Their arguments ignore overwhelming empirical evidence that the last decade’s high-rise apartment boom was a disaster. This surge in high-rise apartment construction coincided
More evidence of the end of the labour boom today from SEEK as wage growth dies with three straight months of 0.2%: Year on year has to chew through the Fair Work boost of mid-last year but it is trading on borrowed time before collapsing below 3%: Immigration maniac Matt Cowgill is now spinning fairy
Late last year, BetaShares’ chief economist, David Bassanese, questioned why Australia does not impose stricter limits on foreigners buying local homes: Bassanese alluded to an article that stated: Wealthy Chinese buyers are taking private jets to Melbourne to purchase mansions in Toorak – the city’s most expensive suburb – on the spot, says Toorak buyer’s
The ANZ CoreLogic Housing Affordability Report has asked whether 40% of gross household income on a mortgage is the new 30% of gross household income on a mortgage: ARE 40’S THE NEW 30’S FOR MORTGAGE SERVICEABILITY? The rapid increase in the cash rate target, and subsequent mortgage rate rises, have squeezed borrowing capacity and affordability
After deliberately ramping immigration into Australia to a record high, Prime Minister Anthony Albanese has promised to halve net overseas migration from its recent peak. “It depends upon the economic cycle, of course, but what we want to do is to lower that number significantly to around about half of what it has been”, Albanese