Australia is experiencing a major economic shift driven by a decade-long surge in federal and state government spending: Economists claim government spending is now structurally reshaping the economy in a way comparable to the early‑2000s mining boom. Alex Joiner, chief economist at IFM Investors, clearly illustrates the shift from the mining boom to the government-spending
Apparently, Lenore Taylor, editor at the fake left Guardian, has jumped off the ship. Guardian Australia editor Lenore Taylor’s decision to step down this week after almost 10 years in the job wasn’t a shock. But the timing sure was. Announcing it at 5.30pm on a Tuesday? Leaving the business the following day? And staff hearing
The Australian Treasury set aside $35.7 million in contingent liabilities for defaults under the federal government’s 5% deposit scheme for home buyers in the mid-year budget update in December. Under this scheme, the Treasury guarantees 15% of first-home buyer mortgages, allowing homes to be purchased with only a 5% deposit without requiring lenders’ mortgage insurance.
Goldman believes that after accounting for seasonal fluctuations, the weighted average property price in the Chinese primary market decreased by 5.3% on an annualized basis in January, according to NBS 70-city data. Prices varied widely among city tiers. NBS and third-party platforms’ secondary market data indicate price decreases of 10% to 25% throughout the previous
On Thursday, I was interviewed by Mark Levy at Radio 2GB regarding Labor’s changes to the taxation of earnings on large superannuation balances. If passed by the Senate, the tax rate on superannuation accounts with balances between $3 million and $10 million will double to 30% from 1 July 2026. The tax rate on superannuation
NDX in for a test of the trading range. Charts from TME. The Sag7 does not look well. CTA uh oh. Bond volatility is on the rise. Which equities hate. The software route has not followed through on the squeeze. DEspite being cheap, cheap. The example of early AI casualties in India is instructive. No
Following the resignation of former Liberal Party leader Sussan Ley, her rural New South Wales seat of Farrer will go to a byelection. To say the situation is problematic for newly minted Liberal Party leader Angus Taylor would be an understatement. Instead of Ley remaining in parliament to see out her term or waiting until
The new opposition leader, whom we didn’t even bother reporting on, failed day one. “We have to do better, there’s no question about that,” he told Sky News on Sunday, adding in relation to Ley that he “sought to be a supporter of her leadership, every single day”. He said the opposition’s focus in the
The ferrous jaws are all but closed after a Friday flush. CISA early February data was out and was not good. We are well below 2025 output here, though the later CNY is playing a role. Steel inventories climbed 2.7%. As you can see, mills are about to pile it up over the Chinese New
I am an avid follower of leading Sydney auctioneer Tom Panos. I always watch his Saturday auction market report on YouTube for insight into the market’s pulse and developments in the real estate industry. In this weekend’s update, Panos took direct aim at the Albanese government’s rumoured changes to the capital gains tax (CGT) discount,