A new report by the Australian Council of Social Service (ACOSS) claims that the capital gains tax (CGT) discount and negative gearing “disproportionately” benefit Australia’s wealthiest while also fuelling the housing affordability crisis. ACOSS says the wealthiest 10% of households own two-thirds of all investment properties and are receiving 82% of the $16 billion in
The federal government is targeting 82% of electricity being generated by renewables by 2030. Clean Energy Regulator figures show that renewables accounted for 46% of electricity in the grid in the last quarter of 2024. Modelling by energy consultant Rystad Energy contends that renewable energy will only account for 65% of electricity generation by 2030,
Honestly, what a pack of wingers. Washington has refused to allow us to cheat it out of a lousy $700m of steel and aluminum exports and ANZUS is off, screams the MSM! Australia does subsidise aluminium and steel production. If we didn’t the gas cartel would have killed both long ago. More to the point,
DXY firmed last night. AUD did too. Lead boots are walking slowly up hill. Bloody Brent won’t break. Dirt decoupling! Miners smashed anyway. EM meh. Stress creeping into junk. Not enough! Yields up. Stocks up. It was a a soft US inflation print. Goldman. February core CPI rose 0.23% month-over-month, below expectations, and the year-on-year
A modest bounce on Wall Street overnight due to the weaker than expected CPI print was somewhat overshadowed by the Bank of Canada forced to make another interest rate cut to forestall the effects of the slowing domestic economy due to Trump’s tariffs, while the Canadian government announced another round of targeted counter tariffs alongside
Recall the latest rental affordability report from PropTrack, which showed that rental affordability was the worst on record in Q4 2024, with lower-income earners hardest hit. This collapse in affordability has been driven by the 48% surge in asking rents since the beginning of the pandemic. ABC’s Q&A featured a question from a father, Morgan Cox,
Asian share markets are somewhat mixed again as Diaper Don swings away again with tariff threats and retreats as this engineered recession and market correction gathers pace, this time hitting Australia with steel and aluminium tariffs – for no reason whatsoever. The USD is trying to fight back but is seeing continued weakness against Euro
CoreLogic’s February housing market report contained the following graphic on dwelling value growth across Australia’s major capital cities. As you can see, Brisbane dwelling values have soared by 69.7% over the past five years, whereas Melbourne’s have only risen by a comparatively modest 8.2%. As a result, Brisbane’s median dwelling value was $894,425 as of
Deutsche with the note. Over in Europe, the main news came from Germany, after the Green Party said they wouldn’t support the proposal from the CDU/CSU and the SPD to amend the constitutional debt brake to unlock funds for defence and infrastructure spending. That’s significant, because a constitutional amendment requires a two-thirds majority, hence support
The ABC recently produced the following chart, showing the lack of social and public housing in Victoria. As you can see, social housing accounted for only 3% of households in Victoria in 2023, significantly lower than the national average of 4%, which is considered poor by internationally. “More than a third of Australians who are