Last year, chief YIMBY Peter Tulip claimed that people wanting the government to run a lower (historical) immigration program to ease housing pressures are “misanthropes” that dislike migrants: Peter Tulip was interviewed on Joe Walker’s podcast, where he waxed lyrical on the need to relax planning restrictions and boost supply to solve the housing affordability
International Reading: Trump says US will ‘go as far as we have to’ to get control of Greenland – ABC It’s not just setting Teslas on fire. Now irate Americans are shoplifting from Whole Foods. – Business Insider Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues – AP
Asian stock markets are having a poor finish to the trading week with most markets down amid noise around more Trump tariff nonsense, while the latest Japanese inflation figures sent local stocks sharply lower. The USD is lifting slightly against the major currency pairs, particularly Euro while the Australian dollar was pushed back below the
Wednesday’s monthly inflation gauge from the Australian Bureau of Statistics (ABS) revealed that housing inflation is falling fast, helping to lower trimmed mean inflation. The annual CPI rental inflation rate declined to 5.5% in February 2025. This was down from the August 2023 peak of 7.8% and the lowest reading since March 2023: New dwelling
Progress towards peace in Ukraine is slow to the point of being imperceptible. Worse, European gas inventories are sharply depleted after a cold winter. ANZ. Europe faces challenges restocking its stores of liquid natural gas following sharp drawdowns over winter. This is likely to increase pressure on the global LNG market. Increasingly tight supplies resulted
The “Stats Guy” Simon Kuestenmacher, is a renowned immigration lobbyist. For years, he has pumped out propaganda supporting a Big Australia. Last year, Kuestenmacher seemingly experienced a Damascus moment, recognising that Australia’s business model is fundamentally flawed and harming the middle class: The Atlas of Economic Complexity, produced by the Growth Lab at Harvard University,
Goldman says China is back. 1.China is back on the radar, at least in terms of investor interest; 2.We expect more fundamental upside for Chinese stocks after ~20% gains ytd, but reiterate our tactical view that the bull run may slow on event risks and profit-taking pressures; 3.Equity investors seem relaxed about US tariff concerns,
Tuesday’s federal budget revealed that the cost of the National Disability Insurance Scheme (NDIS) will reach $50.8 billion next financial year, surpassing the $51 billion allocated to the defence budget. While the NDIS has created a significant financial burden on the federal budget, it is mainly responsible for driving Australia’s job growth and maintaining the unemployment
The jaws remain wide. There is good news in steel output. Hot metal production in March increased by 56,700 tons to 2.3626 million tons month-on-month. This is well above last year for the time being. However, it is coming on the top of a very slow January and February. Worldsteel. World crude steel production for
I reported this week on how the nation’s residential housing stock reached a record $11,032.2 billion at the end of 2024, with the average dwelling valued at $976,800. The average dwelling value of nearly one million dollars has created a nation of paper millionaires. It is also a key reason why Australian households are ranked among