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Articles from MacroBusiness

Sustained housing shortage to last “a number of years”

December 1, 2023 - 12:30 -- Admin

Oxford Economics Australia head of property and building forecasting, Tim Hibbert, has warned that Australia is facing a sustained housing shortage that will take years to unwind (if at all). The reason is simple: Australia’s population is growing rapidly courtesy of the federal government’s extreme immigration policy, while the home-building sector is facing recessionary conditions.

Unhappy Americans point to Trump victory

December 1, 2023 - 12:00 -- Admin

TS Lombard with the terrifying analysis. November consumer sentiment as tracked by the Conference Board was released and the spread between present and future expectations point to recession, perhaps one is already underway yet undated (doubtful). Overall sentiment increased, but because of an unusual downward revision of October’s number to 99 from 102, making the

Public service mega-migration spin is winning the war on voters

December 1, 2023 - 11:40 -- Admin

By Stephen Saunders Worried about misinformation? Worry about federal departments and agencies hyping UN “net zero” emissions, while institutionalising mega migration.  Nominally, the educated and moneyed cheer-squads for Big (now Huge) Australia are arm’s length from the federal government. These include state premiers, industry/developers, unions/employers, universities/scientists, economists/planners, media and “think” tanks, migration lobbyists, organised religions.

2024 the year of interest rate cuts

December 1, 2023 - 11:20 -- Admin

Except for Alboflated Australia, of course, where falling living standards will include lower wage growth, rising unemployment. persistent inflation, and endless per capita recession! In the US it’s shaping up—Deutsche with the note. Early Fed cuts under a soft landing? Yesterday, Governor Waller indicated that, in line with typical policy rules, it could be reasonable

Australian dollar whiplashed by greenback reversal

December 1, 2023 - 11:17 -- Admin

DXY rebounded: AUD fell: Whole crap complex fell. CNY: Oil and gold: Dirt: Miners: EM: Junk: Yields bounced: Stocks down: Credit Agricole was some thoughts: Goldilocks trading conditions buoyed investor sentiment in Asia. US GDP growth surprised to the upside but still showed slowing consumer spending growth. The Fed’s Beige Book pointed to slowing growth

Report: Excessive immigration behind Melbourne’s housing shortage

December 1, 2023 - 11:00 -- Admin

The Victorian parliament has released its report into “The rental and housing affordability crisis in Victoria”, which explicitly states that the ramp-up in the state’s population growth from the mid-2000s has caused a persistent housing shortage. Below are key extracts. Migration is a significant contributor to Victorian population growth. Table 2.1 summarises population movement both

Albo the Disaster frees the pork

December 1, 2023 - 10:30 -- Admin

Release the pork! Labor has backflipped on a decision to put the Sunshine Coast rail extension on ice following pressure from Queensland deputy premier Steven Miles. Infrastructure Minister Catherine King guaranteed federal funding for the project just weeks after saying there was no assurance or confidence in the costs of the project which were already

High-rise slums set to blanket Australia’s cities

December 1, 2023 - 10:00 -- Admin

The previous decade saw an unprecedented number of apartments built across Australia’s capital cities: The boom in high-rise construction brought with it a swag of quality problems, including flammable cladding, cracking, water leaks, and balcony defects. These defects have left owners deeply out of pocket, as well as cost taxpayers millions in rectification costs. Building