Home Affairs Minister Tony Burke front ABC’s Insiders on the weekend, where he admitted that immigration “needed to come down” but lambasted the ‘far right’ for using immigration as a “dog whistle” to destabilise social cohesion. Burke’s salvo followed the release of two opinion polls in the previous week showing, yet again, that Australians do
Critical minerals are very energy-intensive to process. There are different processes using coal, gas, or electricity to roast, calcinate, separate, and leach, but most use gas. Lots of gas. How is Australia going to produce rare earths at scale with our gas prices? The agreement foresees and addresses this problem by creating a price-protected supply
Predictably, the censorship of Hellbourne has begun. There was a time when Melbourne prided itself on being the most liveable city in the world, tolerant, thoughtful, creative and diverse. We wore that badge with pride and spoke of it often with confidence, not arrogance. Ours was a city in which ideas, not ideology, competed. Where
When Shadow Home Affairs Minister Andrew Hastie put out his recent political ad on social media lamenting the loss of Australia’s car industry and broader manufacturing capacity, it prompted a debate over whether or not it was worth pursuing an advanced manufacturing sector as a nation. In some ways, the debate has already been had
Cotality’s latest chart pack reported that the value of Australia’s residential housing stock has risen to $11.8 trillion spread across 11.4 million dwellings. As a result, the average dwelling in Australia is now valued at an extraordinary $1,035.000: Not surprisingly, then, a million-dollar price tag is becoming more common across Australia, with Cotality’s latest Million
Here is the problem. Anthony Albanese has publicly endorsed Kevin Rudd and confirmed Donald Trump told the Australian ambassador “all is forgiven” for the ambassador’s past criticism of the US President. The Prime Minister also confirmed Dr Rudd’s appointment as Ambassador to Washington was for a four-year period, which means he would stay in the
Earnings on Wall Street failed to get things moving overnight amid a lack of other economic or macro catalysts with most risk markets returning scratch sessions or barely higher in the end. The standout however is USD which is pressuring Euro and the other major currency pairs even as the Trump regime holds the US
DXY is not going away. AUD is not out of the woods. CNY sideways. Gold hammer. As I keep saying, for a safe haven, gold is very volatile. AI metals hit too. Is the big bear over? In AUD, yes. EM reversed. Junk is still struggling. Bonds are bidly. Stocks struggled. Are we late cycle
Last week’s dwelling construction data was an absolute disaster. In the June quarter of 2025, only 40,524 homes completed construction, which was the weakest quarter of dwelling completions for 11 years (i.e., since the March quarter of 2014). In the 2024-25 financial year, total dwelling completions fell by 2% to 174,030, from 177,600 the previous
Asian share markets have continued their strong rebound on the Trump TACO trade helped along by calm returning to Japanese politics with a new PM while local markets saw a lift in rare earth miners on the back of the Albo “deal”. Currency markets are treading water without much change as the USD tries to