With the resignation of former Liberal Party leader Sussan Ley from federal parliament, the newly minted leadership of Angus Taylor has been well and truly thrown in at the deep end. Following Ley’s resignation, there will be a byelection in her former seat of Farrer. Once, it was a blue ribbon safe seat for the
Thursday’s labour force data from the Australian Bureau of Statistics (ABS) has put the Reserve Bank of Australia (RBA) under more pressure to hike interest rates. Australia’s headline unemployment rate remained at 4.1% in January amid solid employment growth of 17,800. The number of hours worked also rose by a solid 0.6% in January. As
Australia’s auction market has continued to fade following the Reserve Bank of Australia’s (RBA) interest rate hike this month. According to Cotality, the national preliminary auction clearance rate declined to 68.0%, down from 70.7% last weekend (revised to 63.3% on final numbers) and 73.7% two weeks ago (revised to 66.1% on final numbers). This weekend’s
Former UK Trade envoy, Andrew Mountbatten-Windsor You would think that there would be someone, anyone, who knew enough about the Royal Family, who knew Andrew Mountbatten-Windsor well enough who could have said to him quietly, ‘Molesting underage girls is not a good look for a Prince of the Realm, sire……’ But the bigger fallout
International reading: Trump rushed into Iran crisis meeting as insider warns ‘strike within hours’ – Daily Mail The Fed just casually dropped $18.5 billion into the banking system this week. – FRED Fed confirms it obeyed White House request for an unusual ‘rate check,’ weakening the dollar against foreign currencies – Fortune US trade deficit
The boom in government-funded, non-market sector jobs, defined as jobs in the public service, healthcare & social assistance, and education, is well documented. The non-market sector comprises only 31.5% of total Australian jobs, according to CBA: However, as Alex Joiner, chief economist at IFM Investors, shows below, of the 926,425 jobs created between Q1 2023
This is some surge in the One Nation polling. Roy Morgan kicks us off. Victorian State Voting Intention: One Nation (26.5%) now ahead of ALP (25.5%) and L-NP Coalition (21.5%) on primary vote nine months before Victorian State Election. Sadly, this puts the ALP into power with a wild majority. A three-party preferred result –
In 2019, Four Corners aired a story titled Cracking Up, which revealed systemic issues with construction quality across the nation’s apartment market. “We’ve got a real problem here. It’s systemic, and it’s infecting lots of buildings across the landscape, in all parts of the country. It’s very clear”, one building analyst told Four Corners in
According to Judo Bank and S&P, Australia’s interim PMI® data grew more slowly in February after a robust start to the year. In terms of output and new business, there were widespread slowdowns in the manufacturing and service sectors. Although it cooled, business sentiment stayed upbeat. In the meantime, job growth sped rapidly to accommodate
Will Hamilton, the CEO and founder of Hamilton Wealth Partners, is the latest commentator to warn of dire impacts on Australia’s rental market if the federal government reduces the capital gains tax (CGT) discount or limits negative gearing. It is worth critiquing Hamilton’s main arguments as they pertain to the rental market. First, Hamilton argues