Below is a detailed interview on The Treasury of Common Sense with Radio 2GB’s Mike Jeffreys. In this episode, we go into great detail about the latest report from the NSW Productivity Commission, which asserts that high housing costs are driving young families out of Sydney and that the solution is to “upzone” the city
Former Treasury Secretary Dr Ken Henry, who published a 1,000-page review of Australia’s tax system in 2010, has urged fundamental tax reform, arguing the current system is an “intergenerational tragedy”. Henry says Australia’s tax system is worse than it was 15 years ago, and young people are paying the price via higher tax burdens (lower
Indian students are one of the primary drivers behind Australia’s record surge in net overseas migration. After the former Coalition Government lifted the cap on international student work hours and extended the length of time VET graduates could stay in Australia after finishing their courses, the number of Indian students arriving for work and residency
Ah yes, the fake Greens, supported by Lenore’s Taylor’s fake newspaper, delivering an avalanche of fake news: The Greens plan to reduce house prices through their demands to axe tax concessions for investors to make buying more affordable for renters, the party’s housing spokesperson, Max Chandler-Mather, has said. In an episode of the Guardian’s Australian
After recording the highest net overseas migration (NOM) in Australia’s history in the 2022-23 financial year, the Australian Bureau of Statistics (ABS) released net permanent and long-term arrivals data for December, which suggests NOM hit new highs in Q4. 57,210 net long-term arrivals landed in Australia in Q4 2023, up from 39,000 in Q4 2022:
In the wake of the NSW Productivity Commission’s report warning that young productive families are being driven out of Sydney by high housing costs, Premier Chris Minns has called for a post-war home building boom to alleviate Sydney’s housing crisis: Planning Minister Paul Scully told a conference of property industry leaders that the state had
Australia’s YIMBY movement argues that if policymakers simply upzoned suburbs, thereby permitting high-density apartment developments everywhere, then the nation’s housing affordability crisis would magically resolve. Yet a study of the actual evidence shows that Australia has had one of the highest rates of housing construction in the developed world: Australia also has one of the
I’m not sure what is wrong with local economists, but the consensus notion that the RBA will cut the cash rate later and more slowly than the US Fed is laughably wrong. Rather than blather about it again, here are some charts from Gareth Aird’s excellent team at CBA (now the pre-eminent economic forecasting shop
The Market Ear does both. First, bubble. 3rd spot secured The day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well. Bloomberg NVDA coming for the number 1 spot 1. NVDA would need to hit ~$1,150 to surpass Apple in market cap. 2. It would need to hit
While the UK and Japan slip into recession its full steam ahead on Wall Street with a lower USD providing relief. Stocks in Europe rose as well with the latest retail sales data coming in softer than expected in the US alongside lower GDP estimates. The USD fell back to its start of week position