Today we have the auction results for the two biggest markets Sydney and Melbourne, but using a bit of a different approach. When Domain, Corelogic or any number of other property data sources produce their preliminary auction results on a Saturday evening, it perhaps isn’t based on what one would think at first glance. Instead
Today we meet Ted. Almost nobody knows who Ted is. In some ways this is a good thing meaning he can walk down the streets of wherever he lives without having soft fruit thrown at him. But in other ways this may not be such a good thing, seeing as Ted is your shadow
In this MacroBusiness podcast, Gunnamatta and Leith van Onselen unpack the budget outlook, the deindustrialisation of Australia, housing policy failures, energy policy failures, and the nation’s falling productivity growth. Highlights: 0:00 Introduction 1:00 Why Australia’s budget finances are unsustainable 10:30 Australia is deindustrialising 12:07 Australia should be the richest nation on earth 17:46 Australia’s energy
International Reading: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA – The Daily Beat Gen X is the least financially secure generation – Independent Cargo ship carrying 3,000 vehicles, including 800 EVs, sinks in the Pacific Ocean – Live Mint US economy shrunk faster than expected, new data shows – The Hill
Share markets in Asia are again failing to follow the ebullient mood on Wall Street with the latest industrial production numbers in China disappointing while Japanese core inflation numbers are still relatively high, giving the Nikkei a boost above the 40000 point level. The USD is still falling across the board except against gold with
On Wednesday, the rush to the bottom by Australian policymakers to pump housing demand entered yet another chapter, this time with multiple state government’s taking their turn. At the federal election, the Albanese government promised a 5% deposit scheme that would cover the overwhelming majority of first home buyers. This comes in spite of the
A 2024 report by the Penington Institute claimed that cannabis has become an integral part of the criminal economy, representing a $5 billion black market in Australia that generates massive profits for transnational gangs. “It’s shocking … how integrated it is to criminal networks. It’s an own goal for us. Police are already really busy.
I love iron ore sometimes. They are so hopeful. None more so than Mineral Resources as the doomed firm unveils its latest glorious folly. AFR. It’s the remote Pilbara iron ore project that has the market divided. Now, two years after first breaking ground at Ken’s Bore, Mineral Resources is out to spruik its flagship
Last week, CBA economist Harry Ottley reported on the quarterly labour market account from the Australian Bureau of Statistics (ABS), which showed that 60% of the nation’s job growth since the beginning of the pandemic has come from the non-market (government-aligned) sector. Over the past two years, the non-market sector accounted for 80% of jobs created.
Wind generated power now comprises a substantial proportion of Australia’s electricity supply. As of September 2024, Australia had an installed wind capacity of approximately 13.3 GW. Wind power accounted for 13.4% (or 31.9 TWh) of Australia’s total electricity generation in 2024. The Albanese government aims to generate 82% of Australia’s electricity by 2030 from renewable