Blogotariat

Queensland environmental lawyer turned federal Senator says the Greens remains dedicated to its core "green" values and is keen to work with Labor to "get shit done."

Exorbitant land costs are the fundamental driver behind Australia’s expensive housing. During 2023-24, the residential land values that underpin the housing market grew by 8.8%, reaching a valuation of $7.7 trillion. Over the 35 years to 2023–24, residential land values skyrocketed from 1.1 to 2.9 times Australia’s GDP. In contrast, aggregate structure values only increased

More pain from The Market Ear. After the China/US trade talks JPM’s great derivatives team dives in: “The China-US trade talks in Geneva have been more positive than anticipated and have resulted in a normalization of the volatility spread between the S&P 500 and European indices. We recommend buying SPX short-dated calls, fully funded by selling

The post The pain trade turns agony appeared first on MacroBusiness.

DXY is taking a breather. That could not help the AUD. No lead boots. Gold up. Metals down. Big miners still look fugly. EM stocks hit resistance. Junk says no problemo. Yields eased. Stocks mixed. TS Lombard sounds about right today. The US-China truce removes major USD downside risk. The significant de-escalation in trade tensions

The post Australian dollar slip sliding away appeared first on MacroBusiness.

Australian households are experiencing their longest recession in generations. The Q4 national accounts released in March showed that real per capita home consumption declined for the eighth consecutive quarter. A sharp dip in household incomes is driving the decline in consumption. As shown below, as of Q4 2024, real per capita household consumption had fallen

The post Australia’s never-ending household recession appeared first on MacroBusiness.

Tasmania flew under the radar in the lead up to the recent election, because of the lack of state polling in Tasmania. It was a “known unknown” to quote Donald Rumsfeld, and I do remember commenting that we didn’t know how things were going in Tasmania, but still we did not know. This did create space for some fevered commenters on this website to confidently assert that Labor was on track to be badly beaten, but now we know better.

Cotality (formerly CoreLogic) reported that the total value of Australia’s housing stock was $11.3 trillion as of April 30, 2025, with the average home worth exactly $1 million. New research from Cotality shows that a record 34.4% of homes across the nation were valued above $1 million in April, with 41.6% of capital city homes

The post High house prices are strangling Australia appeared first on MacroBusiness.

Battery storage developer led by ISP lead Alex Wonhas seeks investors in first stage of planned gigawatt scale battery, as it also rolls out network of sub 5 MW batteries.

      AUD/USD         EUR/USD         USD/JPY         GBP/USD         Gold         WTI         Brent         Australia 200         US S&P 500         UK 100    

The post Macro Afternoon: 15 May 2025 appeared first on MacroBusiness.

Batteries are helping send wholesale power prices towards the market cap when supply tightens, while coal and gas units are often too slow to respond.

Engie cancels plans for a solar battery hybrid after community pushback against the rows of PV modules, and may now look at just a standalone battery.

Peter Dutton declared the 2025 federal election a “referendum on energy.” But in his own electorate, solar households had already cast their vote.

After Australia’s Q1 wage growth result was in line with the Reserve Bank of Australia’s (RBA) forecasts, the April labour force report produced an unemployment rate broadly in line with expectations: As summarised by Alex Joiner from IFM Investors below, the result was stronger than the headline suggests. While the unemployment rate was steady at

The post Aussie unemployment hits RBA target appeared first on MacroBusiness.