Blogotariat

Policymakers want to force Australians to live in high-rise apartment towers, assuming it will improve affordability. Their assumption is incorrect, as data from the Australian Bureau of Statistics (ABS) shows that building a shoebox apartment is more expensive than building a detached house. Michael Matusik’s chart highlights the problem. “Whilst all building costs have risen

The post Australians face bleak housing future appeared first on MacroBusiness.

DXY took a breather. AUD is poised for more. Plenty of room in the Chinese jaws. Oil and gold firm. Copper bubblet bursts. Yawn. Miners stuffed. EM deepsucking. Junk breaking out? Yields down. Stocks up. I can’t remember an RBA pile-on of such intensity. Both hawks and bulls are so politicised that the central bank

The post Australian dollar joins RBA pile on appeared first on MacroBusiness.

Amid a lot of macro chaos, stock markets continue to make new highs with the German DAX pushing European bourses higher while a closed Wall Street almost made a record close on Friday night despite a poor retail sales print and crashing export volumes to Canada. The USD continues to give up ground against most

The post Macro Morning appeared first on MacroBusiness.

In Australia at the federal level of government, we have some of the shortest election cycles in the world: often barely three years. This mitigates against even medium-term planning. A new government takes a year to learn the ropes of office, another year to govern before preparing for re-election in the third. And even if a government survives that long, the odds are its leader won’t.

Has Vladimir Putin ever had a better few days in Washington? Donald Trump, just four weeks into his second term, has executed a breathtaking pivot toward Moscow, reversing course after years of ruptured relations between the U.S. and Russia that resulted from Putin’s 2022 invasion of Ukraine.

An uneasy start to the trading week as most Asian share markets pull back after a mixed return on Wall Street from Friday night due to the weaker than expected retail sales print. This is likely to continue as its a long weekend for US markets. The USD is still under the pump with most

The post Macro Morning appeared first on MacroBusiness.

New EPA guide has clear expectation that biggest coal miners will set out “ambitious emissions reductions goals” that align with the state’s climate targets.

Wind farm owner rejects rumour that old turbines will be buried in sand dunes when the oldest commercial wind farm is closed in 2027.

In August 2024, the Actuaries Institute reported that rising home insurance premiums were causing financial stress for 1.6 million Australian households. This represented a 360,000-household increase, or 30% more than the previous year. According to Sharanjit Paddam, the principal author of the Actuaries Institute research, insurance premiums were rising faster than incomes, with the median

The writing was on the wall for Albo in his first week. While Australian energy markets were melting down on Ukraine War profiteering by the gas cartel, Albo was busy talking up how he would aim for a two-term government. Any PM who is so focused on re-election as his top priority has no interest

The post Albo does not deserve a second term appeared first on MacroBusiness.

Only ten years late. The Albanese government will launch a crackdown on housing purchases by foreign buyers, implementing a two-year ban on the purchase of established homes by temporary residents to replicate a previous commitment by the Coalition. …Simultaneously, the Albanese government will also conduct a review into the ban’s effectiveness to determine whether it

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