Five young economists from Deloitte have rejected calls to lower immigration to alleviate housing pressures, instead arguing that migrants are part of the housing solution: The young economists argue migration is a solution to the housing supply gap rather than a problem because it will help fill skills shortages in the construction industry. They say
On Thursday, I lambasted Treasurer Jim Chalmers for boasting that Labor has delivered the “longest period of consecutive real wage growth in almost a decade” following eight consecutive quarters of annual real wage growth: Chalmers’ boast came despite real wages falling by 0.5% in Q3 2025, tracking at mid-2011 levels. Australian real wages have only recovered
The ferrous complex is still paralysed by the jaws. However, China is going to throw the kitchen sink at property. China is weighing a new round of measures to revive its ailing property market, a sector so central to the country’s economy that its continued slide threatens broader financial stability. Policymakers are discussing nationwide mortgage subsidies for
One year ago, Treasurer Jim Chalmers and Finance Minister Katy Gallagher declared that the Future Fund, which is one-third the size of the Australian economy, would be directed to invest in housing and the green energy transition “where possible, appropriate, and consistent with strong returns”. This was the first time the federal government imposed certain
Gas Balkanisation is suddenly being debated. Townsville Enterprise has warned that surging gas prices are crippling Queensland industries and threatening the State’s manufacturing and mining competitiveness. The call follows mounting concern over the east coast gas crisis, with warnings of tightening supply and soaring costs for manufacturers and households. Representing North Queensland’s key industries, Townsville
The Market Ear explores. Not your normal market SPX futures so far today: high 6791, low 6588. Extreme volatility continues to shake this market. SPX is well below the trend channel, as well as trading below the 50 day (starting to slope negatively). Must hold at 6600, resistance at 6800. Source: LSEG Workspace Fear running
The post Correction-a-go-go appeared first on MacroBusiness.
When Australia closed out the 2017 calendar year, the total number of properties listed for sale reached a level considered, at the time, deeply depressed. With just a little over 200,000 homes listed for sale, it was dramatically below what had become normal in the early to mid-2010s, when the 220,000 to 240,000 homes for
The post Australia’s housing market depression appeared first on MacroBusiness.
Oh what a night! Wall Street managed to a 4% plus volatile turnaround after embracing the uber good earnings from NVIDIA before realising the AI bubble might be a bubble with no upside potential, not helped by a massaged and very late September US jobs report and a lot of Fed hand wrangling over rate
The post Macro Morning appeared first on MacroBusiness.
