Blogotariat

Victoria has become an economic leech on the nation. In 2024-25, Victoria received a massive $3.8 billion boost in its GST, whereas Queensland lost $384 million and NSW lost $188 million. Victoria also received $411 million in additional grants from the Commonwealth in 2024-25. For 2025–2026, Victoria’s GST allocation was increased again by $3.7 billion,

The post Victoria is a giant economic sinkhole appeared first on MacroBusiness.

According to Robert Gottliebsen, the architect of Australia’s compulsory superannuation system, former prime minister and treasurer Paul Keating, is said to be furious about current Treasurer Jim Chalmers’ plans to tax unrealised gains within superannuation for balances above $3 million. Back in the early 1990s, Keating and union leader Bill Kelty joined forces to implement

Chinese steel futures buckled yesterday, both long and flat. It doesn’t make a lot of sense to let this happened when you have already mooted the solution of passing the price weakness upstream to iron ore via steel output put cuts. Chinese growth prospects are hardly shotting the lights out, either. Morgan Stanley. Milder growth

The post Steel buckles, iron ore next appeared first on MacroBusiness.

Cold front sweeps away new wind output records in Victoria, NSW and across the main grid, helped along by the ramp up at the country's two biggest wind projects.

It is clear that the world wants to sell DXY. The problem is, there’s nothing else to buy. EUR might be it but its on the end of a tariff bashing. AUD follows EUR. Lead boots are growing wings. Gold, gold, gold! Metals picking up some DXY tailwind. Not miners. EM meh. Junk meh. Yields

The post Australian dollar an absolute mess appeared first on MacroBusiness.

The latest data from the Department of Home Affairs shows a record 2,541,651 temporary visas on issue in Australia (excluding tourists) in Q1 2025. This figure was almost 120,000 more than the previous year and approximately 580,000 higher than Q1 2019, before the COVID-19 pandemic. Since Q1 2019, the increase in temporary visas has been

The post Australia inundated with bogus asylum seeker claims appeared first on MacroBusiness.

Fortescue's giant solar hub in the Pilbara waved through by state environmental authority, but still awaits word from the federal department.

Risk markets in Asia were mixed to start with on the Trump regime EU tariff bomb from the weekend gap but then the inevitable 180 spin got stocks at least somewhat back on track while currency markets continue to selloff the USD, believing the facts behind the demented spin. The Australian dollar is now at

The post Macro Afternoon appeared first on MacroBusiness.

New tech, soaring transmission costs, poor management of social licence issues, and new power to the people is forcing a rethink about Australia's renewable energy plan.

Australia could replace carbon-intensive exports with green iron and quadruple earnings, a report says, but it needs to act soon and decisively to seize the opportunity.

Mega City One, otherwise know as Hellbourne, is Australia number one example of what a bad economy model does to living standards. Since when did Aussie cities deal with this? The Victorian Labor government will introduce an interim ban on machete sales across the state following a violent brawl involving 10 people at Melbourne’s Northland

The post Hellbourne the new Mega City One appeared first on MacroBusiness.

Australia’s superannuation system is too costly and inequitable. The Australian Treasury estimated total superannuation tax expenditures at around $60 billion in 2024–25, with contribution concessions being the most expensive at $37 billion, growing to $36,750 billion by 2027–28. Most of these concessions go to high-income earners, as illustrated below. In 2021-22, 91% of the benefit

The post A better superannuation solution appeared first on MacroBusiness.

Property market softened in April: The latest batch of property market data show some weakening in both price and activity. The official NBS 70-city average new home prices declined by about 2% mom annualized in April, with prices in lower-tier cities falling more. The Centaline existing home price indices for top-tier cities posted renewed declines

The post Chinese property is the bust without end appeared first on MacroBusiness.