Today’s booth map covers two neighbouring seats in southern Sydney, both of which flipped from Liberal to Labor in 2025.
The seat of Banks covers south-western parts of the Canterbury-Bankstown coucnil area and a majority of the Georges River council area, on the northern side of the Georges River. The seat of Hughes covers parts of the Sutherland and Liverpool council areas on the southern side of the Georges River, but has recently added suburbs in the Campbelltown area to the west of that river. Those changes significantly cut the Liberal margin in the seat.
Home buyer demand increased recently following the federal election and expectations of an imminent interest rate cut from the Reserve Bank of Australia (RBA). As illustrated below, final auction clearance rates (current to 18 May) showed a marked rebound across Sydney, Melbourne, and the combined capital city markets. This weekend’s preliminary auction results from Cotality
By Harry Ottley, Economist at CBA: The RBA cut the cash rate by 25bp to 3.85% as expected this week. The tone was more dovish than both we and the market had anticipated. We retain our call for two further interest rate cuts this year but expect the cuts to come marginally more quickly. Next
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Universal Basic Income (UBI) is an income support policy under which all individuals receive a regular unconditional cash payment from the government, regardless of employment status or income level. In other words, every adult citizen (and sometimes children, at a lesser amount) is granted a basic stipend periodically, with no means test or work requirement attached. The primary goals of a UBI are to ensure a minimum standard of living, reduce poverty, and simplify the social safety net by replacing or complementing targeted and more complex welfare programs1.
A mainstay of the Ninefax Pro Population Ponzi lobby, Shane Wright regularly depicts a world of skills shortages, investment crashes due to absent demand, and crypto Marxists proposing radical reform. We have had Shane on in the past, examining his bogus claim that international student numbers have no influence on rents. This week, Shane teed
The AEC finished the distribution of preferences for Bradfield late on Friday night, after a fascinating day that started with teal independent Nicolette Boele leading by 28 votes and ending with her 8 votes behind. This was a shift of 48 votes from Boele’s 40-vote margin at the end of the indicative 2CP count on Monday afternoon.
This has automatically triggered a recount, as the margin is less than 100 votes. The recount will commence on Monday.
International Reading: Trump Is Slowly but Surely Killing U.S. Economy, Experts Warn – New Republic Walmart announces 1,500 job cuts after Trump tells US retail giant to ‘eat the tariffs’ – Economic Times Americans favor labor unions over big business now more than ever – EPI The Largest Upward Transfer of Wealth in American History
Risk markets in Asia are somewhat mixed in the last session of the trading week as they absorb the burgeoning bond troubles and the passing of the Trump regime’s tax bill in the House of Reps that looks to enshrine a permanent decline in the US fiscal position. In currency markets, the USD is back
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