Blogotariat

One of the trends I’ve started hearing about over the last day or two, thanks to the very smart commenters on this blog, is that booth swings in a bunch of suburban seats in Sydney and Melbourne were particularly strong in the areas with a large population of Chinese-Australian voters. So I thought I would try and visualise this effect, or see if it was just anecdote.

We know Labor did well in seats with a large Chinese-Australian population in Sydney and Melbourne, such as Reid, Bennelong and Chisholm. Even in Menzies the race was surprisingly close.

CoreLogic’s latest housing affordability report showed that the proportion of household income required to meet rental costs has surged over the pandemic, led by Australia’s regions: Another report from CoreLogic, released yesterday, showed that unit vacancy rates are plummeting, in part due to “increased rental demand thanks to the return of overseas migration”: Rent values

The post Australia headed for rental market calamity appeared first on MacroBusiness.

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The competitive threat from mobile broadband is an ever present problem for Australia’s National Broadband Network (NBN). Telstra, TPG and Optus have each rolled out relatively cheap, fast Fixed Wireless Access 5G broadband, which can deliver significantly higher data transfer speeds and lower latency. 5G is already stealing market share from New Zealand’s far superior NBN-equivalent

The post NBN enters ‘death spiral’ phase appeared first on MacroBusiness.

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Sky News host Andrew Bolt says the Liberal Party need to reinvent themselves into “the party of the battlers” and “common sense”.

Innes Willox – chair of the Migration Council of Australia and CEO of the Australian Industry Group – claims that allowing wages to rise in line with inflation is the number one threat to the economy: Innes Willox on Monday said businesses were under pressure from unions pushing across-the-board wage rises at “an unsustainable level

The post Business lobby scaremongers on wage inflation appeared first on MacroBusiness.

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Labor MP Chris Bowen, who is likely to be the new Climate Change and Energy Minister, has indicated that Labor will stick to the climate policies that it took to the federal election. Labor has promised to cut carbon emissions by 43% from 2005 levels by 2030, but the Greens want a 75% cut and

The post ‘Big Australia’ immigration to wreck climate targets appeared first on MacroBusiness.

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Goldman with an interesting, Basically, US rate shocks are Chinese growth shocks. — Our global financial conditions index (FCI) has tightened, in part because the Fedhas turned more hawkish in the face of rising inflation but slowing growth. Where are risks to growth from FCI spillovers largest? We estimate rules of thumb for the impact

The post Which markets suffer most from a hawkish Fed? appeared first on MacroBusiness.

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Prime Minister Anthony Albanese has committed to joining the Indo-Pacific Economic Framework for Prosperity, a new 13-nation economic bloc. The alliance has been proposed by US President Joe Biden as an alternative to the 11-nation Trans-Pacific Partnership (TPP). The new economic bloc will include Australia, the US, New Zealand, India, Japan, Indonesia, Malaysia, the Philippines, Singapore,

The post Albo signs Australia up to another mega trade bloc appeared first on MacroBusiness.

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POTUS has his head up his ass: President Joe Biden has said the US would intervene militarily if China were to invade Taiwan, in one of the most forceful and overt statements in support of Taiwan in decades. Mr Biden made the comment on Monday during his first visit to Japan since taking office, and

The post Wong bleats as China throws island noose over Australia appeared first on MacroBusiness.

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Writing this a couple of days after the most important election in Australian history, Australians did finally find their voices, and in no uncertain manner told the neo-liberal jackals who had come storming into public life that they were finished. Why the most important election? Because Morrison was on a path to Trumpian glory. Surrounded…

The post Morrison reaped what he had sown appeared first on The AIM Network.