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MacroBusiness Thursday, April 17, 2025 - 13:00 Source

The Albanese government’s Australian Universities Accord Final Report set a target of 55% of young Australians having a university degree by 2050. The report states that to meet its 55% university attainment target, “the system will need to more than double the number of Commonwealth-supported students in universities from 860,000 currently to 1.8 million by

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Renew Economy Thursday, April 17, 2025 - 12:35 Source
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MacroBusiness Thursday, April 17, 2025 - 12:30 Source

At the end of 2024, CoreLogic reported that rental affordability hit a record low, with the median-income household required to spend 33% of their income to rent the median home. Last month’s rental affordability report from PropTrack also showed that households at the end of 2024 could afford to rent the smallest share of advertised

The post Aussie rental affordability hits fresh low appeared first on MacroBusiness.

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MacroBusiness Thursday, April 17, 2025 - 12:06 Source

The Australian Bureau of Statistics (ABS) released its March labour force report, which was steady as she goes. There were 32,230 jobs created over the month, below economists’ expectations of a 40,000 increase. The national unemployment rate remained fairly steady at 4.1% thanks to a slight increase in the participation rate. The underemployment rate was

The post Job market leaves door open for rate cuts appeared first on MacroBusiness.

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MacroBusiness Thursday, April 17, 2025 - 12:05 Source

Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith dive deep into the factors we are looking for to show that the market may have bottomed. What are the long-term valuation metrics and how should investors be thinking about them? Can’t make it to the live series? Catch

The post MB Fund Podcast: Anatomy Of A Market Bottom appeared first on MacroBusiness.

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The Tally Room Thursday, April 17, 2025 - 12:00 Source

Over five weeks after the state election was held, the WA Electoral Commission has finally concluded the counting procedure for the WA Legislative Council, with the button pushed yesterday afternoon. This resulted in the full distribution of preferences, electing the 37 members for the chamber.

We now know the final primary votes for each party statewide and in each electorate, and how the final rounds of the distribution of preferences played out. For this blog post I’m going to run through some of the key stats and show how close the final rounds of the count were.

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Renew Economy Thursday, April 17, 2025 - 11:43 Source
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MacroBusiness Thursday, April 17, 2025 - 11:30 Source

Is there a bigger gaslighter in Australian politics than Teals MP for Wentworth, Allegra Spender? The self-styled climate crusader inherited a luxury Woollahra mega-mansion worth tens of millions of dollars: She has also owns a lovely weekender at Pittwater: Spender regularly sheds crocodile tears about Sydney’s housing crisis while simultaneously promoting endless mass immigration. Allegra Spender

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MacroBusiness Thursday, April 17, 2025 - 11:00 Source

Hellbourne is Australia’s first version of Mega-City One. The sprawling helltropolis of the Judge Dredd comics describes a crush-loaded future of base humanity, scrambling over one another like spifire grubs for survival. Twenty years ago, Melbourne was a cheap and thriving creative center with excess infrastructure, booming multicultural success and a lifestyle to burn. Today,

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Renew Economy Thursday, April 17, 2025 - 10:42 Source
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MacroBusiness Thursday, April 17, 2025 - 10:30 Source

It is sounding like Groundhog Day for Victorians. When Labor came to government in Victoria in 2014, it immediately cancelled the East-West Link project, which cost taxpayers $1.1 billion in compensation. Last year, Labor cancelled the Commonwealth Games, which cost Victorian taxpayers $600 million in compensation. Victorians face paying billions in compensation to cancel the

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MacroBusiness Thursday, April 17, 2025 - 10:00 Source

Seek released its latest employment report for Australia, which suggests the job market is deteriorating. The number of jobs advertised on Seek fell by 3.0% in March and was 12.8% lower year-over-year. Ad volumes declined in every state and territory. The number of applications per job ad also rose by 2.0% over the month and

The post Australia’s job market ‘structurally weak’ appeared first on MacroBusiness.

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MacroBusiness Thursday, April 17, 2025 - 09:30 Source

The Australian dollar has rallied strongly against the US dollar after hitting a two-year low following the announcement of President Trump’s “Liberation Day” tariffs. The Australian dollar has rebounded to 0.64 US cents, effectively returning to its pre-tariff announcement level. The rebound partly reflects weakness in the US dollar against all currencies as the Greenback

The post Australian dollar surges back to life appeared first on MacroBusiness.

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MacroBusiness Thursday, April 17, 2025 - 09:00 Source

Risk sentiment is now rolling over again as stock market volatility lifts higher mainly due to potential earning slumps on tech stocks aka NVIDIA due to the Trump regime’s tariff madness. The latest US retail sales figures (pre-tariff numbers) came in as expected and Fed Chair Powell tried to provide some hope through it all

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Thursday, April 17, 2025 - 08:44 Source
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Your Democracy Thursday, April 17, 2025 - 07:31 Source

French Prime Minister Francois Bayrou has accused the US of abandoning the democratic world, saying Washington’s sudden pivot toward closer ties with Russia has undermined the trust of its allies and shaken the global order.

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MacroBusiness Thursday, April 17, 2025 - 07:00 Source

The Australian Bureau of Statistics (ABS) released quarterly data on dwelling commencements and completions, which badly missed the Albanese government’s housing targets. Only 41,900 dwellings commenced construction in Q4 2024, 18,100 (30%) fewer than Labor’s target, which requires 60,000 homes to be built every quarter. Only 168,050 dwellings commenced construction during the year to Q4

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The Tally Room Thursday, April 17, 2025 - 07:00 Source

Ben is joined by Duncan McDonnell from Griffith University to discuss the close of rolls and nominations and the role of Gen Z voters in the election. The seat of the week is Lingiari in the Northern Territory, and we also talk about Indigenous enrolment and parliamentary representation.

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Your Democracy Thursday, April 17, 2025 - 06:04 Source

With 48% of voters paying little or no attention to the campaign, according to an Essential poll, Senator Kim Carr, a former Labor minister, takes a look at how the two major parties have performed in what he describes as an uninspiring campaign.

 

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Your Democracy Thursday, April 17, 2025 - 04:59 Source

Peter Dutton’s budget reply Speech is full of distortions and many of the key polices are flawed or we cannot be sure they will work as intended. The Labor Party might be criticised as too cautious, but the Coalition is clearly not ready for government.

 

Michael Keating

What could we expect from a Dutton Government?

March 29, 2025

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Your Democracy Thursday, April 17, 2025 - 04:52 Source

Hollywood star Mel Gibson, a vocal supporter of President Donald Trump, has urged the US government to reveal the “truth” about the 9/11 terrorist attacks.

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MacroBusiness Thursday, April 17, 2025 - 00:05 Source

Last week, the Queensland government announced that it would repeal the state’s legislated renewable energy targets. They were set at 50% by 2030, rising to 80% by 2035. Energy Minister David Janetzki stated that the renewable energy targets were “always unachievable”. He added that the government is also likely to amend the state’s existing 2035

The post Net zero hangs by a thread appeared first on MacroBusiness.

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Renew Economy Wednesday, April 16, 2025 - 21:29 Source
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Renew Economy Wednesday, April 16, 2025 - 21:28 Source
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Renew Economy Wednesday, April 16, 2025 - 21:25 Source
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Renew Economy Wednesday, April 16, 2025 - 21:21 Source
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Renew Economy Wednesday, April 16, 2025 - 21:14 Source
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MacroBusiness Wednesday, April 16, 2025 - 16:30 Source

Volatility in equity markets is ramping up after another round of Trump tariff nonsense against China while a miss or two amongst US tech stocks is not helping risk sentiment with S&P and Eurostoxx futures sharply down going into tonight’s session. The latest Chinese GDP figures helped stabilised mainland markets however moves are afoot in

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, April 16, 2025 - 15:19 Source
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MacroBusiness Wednesday, April 16, 2025 - 14:00 Source

According to SQM Research, Sydney’s median asking price for houses crossed over $2 million for the first time last week, hitting $2,012,000 on 15 April. SQM Research managing director Louis Christopher confirmed on Twitter (X) that the median asking price incorporates Greater Sydney, including the Blue Mountains and Central Coast. SQM Research’s methodology paper notes

The post Sydney house prices pass $2 million appeared first on MacroBusiness.

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