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Australia’s personality disordered PM is up to his old tricks today. As the China-Australia relationship plumbs new depths he turns on gaslighting for locals and the CCP alike : The Australia-China relationship is fine, said ScoMo. The trade war on Australia is more “dance than bite.” Which is rubbish, of course. Despite great headline numbers,

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Yesterday, Secretary of the Australian Treasury delivered a post-Budget briefing to the Australian Business Economists where he admitted that the collapse in immigration has helped lift Australia’s per capita GDP growth, but then endorsed a return to ‘Big Australia’ immigration levels anyway: One downward revision in the Budget was our expectations around population growth based

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Societe Generale with the note: The economic recovery in China continued in April but remained uneven. Growth in the industrial sector softened albeit at a still healthy pace, while services failed to strengthen further despite the containment of COVID-19. On the demand side, manufacturing and property investment quickened, but infrastructure investment slowed, probably due to

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The Grattan Institute’s household finances program director, Brendan Coates, has taken aim at the Victorian Government’s stamp duty increase for property transactions above $2 million. Under this change, stamp duty will increase to $110,000 plus 6.5% for every dollar above $2 million. This is up from the 5.5% rate that currently applies to all properties

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Iinternational consortium announces plans to develop 25GW wind and solar project in Oman which will produce millions of tonnes of green hydrogen.

Gas is dirty, and it is not cheap.

LAND TAX DRIVES STABILITY Changes to land tax and the introduction of a windfall gains tax will drive stability in the Victorian housing market, according to Victorian economics research group Prosper Australia. Prosper advocacy director Karl Fitzgerald says the property lobby’s outcry is the reaction of an industry group caught with its hand in the […]

The post With Great Reward, Comes Great Responsibility first appeared on Prosper Australia.

The ferrous complex was hot again yesterday but was cooled overnight by a full-court press coming from China to pop the bubble: China is not happy and the NDRC has shown its hand: “The rise in commodity prices has both pros and cons on China. On the one hand, it is conducive to improving the

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Another discerning change in confidence and sentiment overnight with Wall Street sharply reversing in the last hours after being up throughout most of the session. The cascade effect has seen Asian stock market futures rise in volatility with a probable 1% falls across the board on the open this morning. The USD also slumped, sending

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The weakness afflicting the US dollar since its questionable labour market report continued overnight. Indeed, DXY is threatening to break down as EUR surges: The Australian dollar has badly lagged the DXY move lower and is fading against EUR: But a falling DXY is always fun for dirt: Not so big miners as China jumps

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A bunch of leading indicators have been released suggesting the Australia’s red hot property market may soon run out of steam. First, the latest REA Insights report shows that weekly for sale searches have fallen sharply from their March peak across every market: Email enquiry to agents has also fallen sharply from recent peaks: Non-investors

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