Last year, former federal Treasury official Stephen Anthony warned that Victoria could require a federal “bailout” amid soaring state debt, which hit $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments can’t
Gunnamatta.Molva · 2025 March 14 Ben Aris and Gunnamatta Russia Ukraine and Europe Ben Aris is the Editor in Chief of BNE Intellinews, (bneeditor at Twitter), and he has been reporting on Russia and the former Soviet Union, with a focus on business, finance and economics since the 1990s. In that time he
The face ripper is here as DXY falls and EUR rises. AUD to the moon! Lead boots are heavy. Base metals sold the fact. RIO’s copper is opening jaws to BHP. EM meh. Junk firmed. Bad new for all. Yields up as Germany’s Merz got his fiscal deal. Stocks to the moon! Three points of
International Reading: Costco workers now officially make $31 an hour—and can expect raises for the next two years – Fortune If you think the current outlook is bad, just wait until the White House can’t find anyone to buy its debt, warns Ray Dalio – Fortune US judge orders Trump administration to reinstate thousands of
Asian share markets have rebounded into the final session of the trading week with mostly positive sessions across the region as traders seemingly giving up trying to decipher where the battle lines are being drawn in the ongoing trade wars started by Orangus Maximus in the Oval Office. The USD is trying to fight back
Statistics New Zealand released net migration data for January, showing that annual net permanent and long-term (PLT) migrant inflows declined to 32,471, continuing the declining annual trajectory. This is just above the post-2000 historical averages (30,000) but is well below the 135,500 October 2023 year peak. Annual arrivals have stabilised but annual departures hit record
It is one of those marvels of the globe economy. Every so often a great and powerful friend does to us what we should have done ourselves long ago. AFR. Australia’s biggest universities have accused the Trump administration of foreign influence and asked the Albanese government to intervene after local researchers who receive US funding
CoreLogic’s latest monthly house price report shows that Melbourne is now the cheapest major capital city housing market with a median price of $772,561 as of 28 February 2025. Melbourne’s relative affordability follows a value gain of only 8.2% over the past five years, versus a 38.9% increase nationally. Melbourne-based real estate agent Adam Welling
The Australian Bureau of Statistics (ABS) released its estimated count of Australia’s dwelling stock as of Q4 2024. According to the ABS, the number of dwellings in Australia increased by 168,000 in 2024, up from 157,300 in 2023. The Albanese government’s housing target commenced on 1 July 2024 and aims to build 240,000 homes annually
The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) suggested that households remained in recession. Real per capita household consumption declined for a record eighth consecutive quarter. This followed a record 8% decline in real per capita household disposable income. On Thursday, CBA released its Household Spending Insights (HSI) for February, which