The National Housing Accord is an Australian government initiative aimed at addressing housing supply and affordability by committing to building 1.2 million new homes over five years, starting from 1 July 2024. This target requires the construction of 240,000 homes annually, a level of construction that has never been achieved before in Australia. The greatest
Throughout her time as Australia’s Home Affairs Minister, Clare O’Neil boasted that Australia was in a “race for global talent” with other advanced nations, like Canada. O’Neil argued that immigration had been the “special sauce in our national story” and advocated for more. She stated that Australia needed to transition “away from a system which
The ferrous complex is kidding itself, its usual state of being. Trading right now is suspicious. During the day, prices fall due to market dynamics. At night, they spike in an illiquid market. Somebody is playing silly buggers. The mushrooming gap between steel and iron ore is going to close one way or another. That
The Market Ear explores. Déjà Vu? VIX specs are crowding into extreme short territory just as seasonality turns bullish for volatility. The last two times this happened, SPX corrected hard… Buy protection when you can Looks like the crowd is doing the total opposite… VIX net non commercials have crashed, and in very short territory.
In the years since the final benefits of the mining boom were felt throughout the economy, the relative size of the government’s role as a driver of economic growth has grown to unprecedented post-war heights. It is here that an important distinction needs to be made. The overall size of government spending as a proportion
Two things are happening today that show just how broken Australia is. First, the economic recovery has been underway since the RBA rate easing cycle was dealt a nasty blow by the gas cartel as electricity prices skyrocketed. This helped spike inflation far higher than the market expected. Although the broader monthly index was more
Risk markets were dominated by currency volatility and Treasury sales overnight with the impact of the Trump regime’s fiddling with the Fed (not kids this time) starting to have an impact. Although the USD finished flat against the majors its moving lower against the commodity currencies particularly Loonie and the Aussie while the Treasury yield
On Wednesday, the Australian Bureau of Statistics (ABS) released the monthly CPI inflation indicator for July, which recorded a jump in annual headline inflation to 2.8%, up from up a hefty 0.9% from the 1.9% reported in June. The result was a much larger rise than anticipated, with CBA forecasting a 2.0% rise and the
Andrew “Twiggy” Forrest, the founder of Fortescue Metals Group, remains one of the most vocal global supporters of green hydrogen, despite multiple setbacks. In 2021, Forrest announced plans to manufacture 15 million tonnes of green hydrogen per year by 2030. He saw green hydrogen as a critical solution for decarbonising industries such as steel, shipping,
Asian share markets are still failing to translate the Friday night gains on other equity markets as the tariff threats and actual actions from the Trump regime are still being felt across the region, with India in the crosshairs today. Meanwhile the continued attack on the independence of the US Federal Reserve has seen more