Grattan Institute CEO, Aruna Sathanapally, told ABC’s Q&A that Australia’s failure to build enough housing was “at the heart of our economic problems”: “We can see that the wealth of higher-income Australians or higher-wealth Australians has turbocharged, particularly due to housing prices. It’s property prices that’s led to that increase in wealth. And we haven’t
Terrific video here on how Trump’s tariffs are aimed at working while the fallout is in the implementation. The reciprocal tariffs announced today do not have the subtlety required. CBA explains the tariffs as follows: President Trump has announced reciprocal tariffs against all countries. The level of duty will be half of what the US
The federal government’s housing accord commenced on 1 July 2024 and aims to construct 1.2 million dwellings over five years, equivalent to 20,000 homes per month. On Wednesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data, which revealed that 15,400 homes were approved for construction in February, 4,600 (23%) below the target. Over
This is another pointless debate, as usual. The Reserve Bank governor has contradicted Labor’s claims that wages can continue to rise without productivity gains, as the Albanese government pushes for an above-inflation increase for 3 million workers on minimum rates this year. Labor’s submission to the Fair Work Commission’s annual wage review calls for an
Well here it is, you get a tariff – he gets a tariff – she gets a tariff – we all get tariffs! Australia was let off mildly by the Trump regime’s new tariff crusade but as they don’t understand, its all interconnected with the near 50% tariffs on Chyna about to devastate not only
DXY is falling again after Liberation Day tariff announcements. AUD was up big, down big, then did little. Lead boots will be interesting today. Gold to the moon. Oil toppy. Base metals are screaming “hard landing”. Big mining’s big bear knows no bottom. EM meh. Credit not stressed enough. Yields fell as growth worries mount.
Last week, the Reserve Bank of Australia (RBA) released Q4 2024 data on household debt. As illustrated in the chart below, the ratio of household debt to income was 182% in Q4 2024, tracking close to a record high. This was driven by mortgage debt, which was tracking at 135% of household disposable in Q4.
Warner Bros Discovery’s Max streaming service debuted in an already-crowded Australian market on Monday. Warner Bros Discovery executive Jean-Briac Perrette is upbeat about the outlook for the sector, contending that streaming will be a “fantastic business”. “The streaming business, and the media business, to a large part, is moving towards a handful of successful, big
The Market Ear sees squirming robots. CTAs in US equities CTAs have aggressively sold US equities and are now estimated to be short $30bn. Not a huge number per se but we are at an interesting “extreme” level looking back over the past 10 years. This would be supportive evidence for a tactical long trade.
Recall Labor’s Powering Australia Plan, which promised to reduce NEM wholesale electricity costs by $11 per MWh, from $62 to $51, by 2025. Prime Minister Anthony Albanese hailed this modelling by RepuTex Energy as “the most comprehensive modelling ever done for any policy by any opposition in Australia’s history since Federation”. Albanese also repeatedly spruiked that