The Price is right. The federal opposition is in damage control following firebrand senator Jacinta Nampijinpa Price’s claims the government is accepting “large numbers” of Indian migrants into Australia to bolster Labor’s vote. Polling strongly suggests that Jacinda Price is right (especially now she has said it!). Indian migrants voted strongly for Labor at the
Last month, the Reserve Bank of Australia (RBA) lowered the official cash rate (OCR) by 0.25% to 3.60%. This marked the third 75 bp rate cut this year. Most economists and financial markets have tipped the RBA to deliver another two 25 bp rate cuts by mid-2026. The associated decline in mortgage rates has improved housing
This is good from The Australian. …Manufacturing Australia, which counts BlueScope, Tomago Aluminium and CSR as members, told the government review that east coast-based manufacturers pay between $12 and $19 per gigajoule for gas compared with the US, where prices are $5 to $7/GJ in comparison. …The group said Australia must target a delivered gas
No surprise or upward Sharpie revision on Friday night as the actual US jobs print came out and was bad all over, with prior results also revised down, giving a clear run to a September rate cut by the Fed and possibly two more by the end of the year. Wall Street held steady as
The post Macro Morning appeared first on MacroBusiness.
Being a renter in Australia has turned into the Hunger Games. The record surge in migration post-COVID has added extraordinary rental demand, illustrated neatly below by Justin Fabo at Antipodean Macro. As a result, capital city asking rents soared as more people competed for housing. At the end of 2024, Cotality (formerly CoreLogic) estimated that
Last week, the Australian Bureau of Statistics (ABS) issued the national accounts for Q2 2025, revealing stronger-than-expected growth. Analysts predicted a 0.4% increase in headline GDP, while the RBA expected 0.5% growth. However, a 0.6% increase was observed, driven by household spending. Household spending per capita increased by 0.5% in the second quarter, the highest
By Lucinda Jerogin, Associate Economist at CBA Australian GDP growth surprised to the upside, rising by 0.6%/qtr in Q2 25 to be 1.8% higher annually. The current account deficit narrowed to $13.7bn in Q2 25. The July MHSI reinforced our view that the consumer recovery is picking up steam, rising by 0.5%/mth to be 5.1%
By Vlad Lasky 20,000 Australians marched in Sydney last Sunday. I was one of them. The media got it wrong. When the mainstream media misrepresents something that happens in our country, I consider it the duty of any eyewitnesses to set the record straight. I attended the March for Australia rally in Sydney on Sunday,
Australia’s housing market continues to heat up. August’s national monthly average final auction clearance rate lifted to 69%, which was the strongest result since February 2024. This weekend’s preliminary auction results from Cotality continued the run of strong results, with 75.0% of auctions selling nationally based on early figures. This marked the fourth straight week
By Stephen Saunders The March for Australia demonstrates the necessity of pushing back the “you’re a racist” slur habitually deployed by the all-powerful minority—our mega-migration lobby. It was like Goliath encountering a David with no slingshot. Yet the governing Big Australia minority went ballistic over the March for Australia (MfA). From 2021-22, the border reopening