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MacroBusiness Saturday, December 6, 2025 - 15:59 Source

Cotality’s September housing affordability report showed that Sydney’s housing market was easily the most expensive in the nation, with a dwelling price-to-income ratio of 10.0. The percentage of median household income needed to service a mortgage on the median-priced Sydney home was also tracking at a historically high 54.5% in the September quarter, making Sydney

The post Gravity catches up with Sydney house prices appeared first on MacroBusiness.

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Your Democracy Saturday, December 6, 2025 - 15:33 Source

The International Olympic Committee on Friday announced that athletes from Russia will once more be allowed to compete at the 2026 Winter Olympics under a neutral banner if they meet strict conditions.

"The Executive Board will take the exact same approach that was done in Paris," said IOC president Kirsty Coventry, referring to last year's Olympics where Russian athletes could only take part under a neutral flag and in individual events.

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Your Democracy Saturday, December 6, 2025 - 15:08 Source

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Your Democracy Saturday, December 6, 2025 - 14:13 Source

Finland, ranked the world's happiest nation for eight years and traditionally one of the European Union’s most fiscally disciplined countries, has just received a wake-up call from Brussels.

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Your Democracy Saturday, December 6, 2025 - 08:40 Source

It’s that time again where Democrats throw their full weight behind a cause of absolutely no benefit to Americans for the sole purpose of placing themselves at odds with the Trump administration. This time they’re not only going to the mat on behalf of foreigners, but suspected drug traffickers too!

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MacroBusiness Saturday, December 6, 2025 - 00:05 Source

International Reading: Trump Official Panics as Brutal Jobs Report Blames Trump’s Tariffs – New Republic Donald Trump Jr-backed start-up scores $600mn US federal government deal – FT Trump says national debt is ‘peanuts’ and his tariff income will pay everyone a $2,000 dividend too—but the math doesn’t add up – AZ Express Main Street reels

The post Weekend Reading & MB Media Appearances appeared first on MacroBusiness.

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Renew Economy Friday, December 5, 2025 - 16:56 Source
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Renew Economy Friday, December 5, 2025 - 14:51 Source
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Renew Economy Friday, December 5, 2025 - 14:03 Source
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MacroBusiness Friday, December 5, 2025 - 14:00 Source

According to Cotality’s Pain & Gain Report for the September quarter, 94.8% of sellers across Australia achieved a record-high median profit of $315,000, up from $305,000 in the previous quarter. Since then, dwelling values posted two strong rises in October and November, increasing capital gains for holders of Australian property. The situation across the pond

The post New Zealand fires housing warning at Australia appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 13:30 Source

In October, the nation’s housing market saw the strongest growth since June 2023. It also marked the strongest growth in credit to property investors in a decade on an annualised basis. October was also notable due to the introduction of the Albanese government’s significantly expanded 5% deposit scheme for first home buyers. Under the previous

The post Albo’s 5% deposit fuel stokes the property market fire appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 13:00 Source

Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035. This is one of the most ambitious renewable energy targets in Australia and globally, designed to accelerate the state’s transition away from cheap brown coal and toward cleaner energy sources, such as wind, solar, and storage. The target is

The post Victoria faces expensive, unstable power grid appeared first on MacroBusiness.

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Renew Economy Friday, December 5, 2025 - 12:35 Source
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MacroBusiness Friday, December 5, 2025 - 12:30 Source

Some WEF boffins are making no sense. Australia could double its iron export revenues to AUD250 billion ($162 billion) a year by shifting to low-emissions green iron. The country must accelerate two or more commercial-scale green iron ‘lighthouse’ projects by 2027 to secure first-mover advantage. A shift to green iron could help Australia cut up

The post The green steel revolution is cancelled appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 12:00 Source

In September, Frank Chung at News.com.au reported that “international students are overwhelming Australia’s asylum system with bogus refugee applications, as the country’s deportation backlog surges towards 100,000”. Abul Rizvi told Chung that “there’s an increasing number of student visa holders applying for asylum”, adding that there are likely to be around 50,000 migrants who have

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MacroBusiness Friday, December 5, 2025 - 11:30 Source

The Market Ear on some growing crosscurrents for stocks. Trying The 10 year holding “stubbornly” around that big 4.1% level. A close slightly higher and things could get a bit squeezy. Note the negative trend line from May as well as the 50 day around these levels. Source: LSEG Workspace The Jaws gap Japanese vs.

The post Stocks confront commodities blowoff appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 11:00 Source

The Coalition will shortly discuss the ‘principles’ on which its immigration policy will be based. However, there are differing opinions within the Coalition’s ranks on the issue, with some expressing concern about using the term “mass migration”. South Australian backbencher, Liberal senator Andrew McLachlan, has criticised Coalition colleagues who use the phrase, contending that linking

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xkcd.com Friday, December 5, 2025 - 11:00 Source

Luckily, the range is limited by the fact that the square boundary lines follow great circles.

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Renew Economy Friday, December 5, 2025 - 10:34 Source
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MacroBusiness Friday, December 5, 2025 - 10:30 Source

The 2025 iron ore bust was a bust. Long live the iron ore bust of 2026! The jaws are still a problem. More of a problem than I was thinking. Goldman. While the market remained tighter than we expected in Q1-Q3 due to resilient Chinese hot metal production, and improving China growth expectations alongside the

The post The iron ore bust of 2026 appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 10:00 Source

This week’s September quarter national accounts release from the Australian Bureau of Statistics (ABS) was mixed. On the one hand, overall GDP growth was soft at 0.4% for the quarter and slightly negative in per capita terms. On the other hand, annual GDP growth accelerated to 2.1% through the year, in part owing to upward

The post RBA under pressure to hike interest rates appeared first on MacroBusiness.

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Renew Economy Friday, December 5, 2025 - 09:52 Source
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The Tally Room Friday, December 5, 2025 - 09:30 Source

There has been a clear trend in recent federal polling – One Nation has been gaining ground, seemingly at the expense of the Coalition. We’ve now reached a point where One Nation are regularly polling in the mid-teens. If they were to achieve such an election result, it would be the highest vote share polled by a minor party in a federal election under the modern party system, in excess of the best results for the Greens or the Democrats.

There’s a long time to go before the next election, but it does raise questions about what an election held with current polling might look like.

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MacroBusiness Friday, December 5, 2025 - 09:30 Source

Some academic claims we know what will be in Albo’s new gas reservation policy. While full details are yet to be announced, we know there will be three main elements: a mandatory reservation volume, a gas security incentive, and competitive domestic pricing. The mandatory reservation will require gas producers to reserve a portion of their

The post Energy superidiot readies new gas insanity appeared first on MacroBusiness.

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Your Democracy Friday, December 5, 2025 - 09:22 Source

My following point here is not to prevent anyone to believe in god, but to stop people from indoctrinating others with their falsehood.

 

God is as dumb as a plank of wood — but we can use it to keep us afloat.

           Alphonso Moronicus

 

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Renew Economy Friday, December 5, 2025 - 09:17 Source
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Renew Economy Friday, December 5, 2025 - 09:15 Source
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MacroBusiness Friday, December 5, 2025 - 09:00 Source

Wall Street had another slow session overnight with an unclear picture of the US labour market weighing on high expectations that the Fed will cut in next week’s FOMC meeting. Bond markets sold off while the USD was relatively steady after an initial drop on the jobless claims print with the Australian dollar holding just

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, December 5, 2025 - 06:55 Source

Elon Musk has predicted that Vice President J.D. Vance will succeed Donald Trump as US president, and that the country will enter a “great 12-year span” of leadership that will include Trump’s current tenure and successive terms for Vance, Politico has reported.

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Your Democracy Friday, December 5, 2025 - 06:00 Source

Australia’s response to Japan’s rhetoric has been framed as a test of loyalty, but the outrage is largely media-driven. Caution in foreign policy is not betrayal – it is a rational defence of national interest.

 

Fred Zhang

When foreign policy becomes domestic theatre

 

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