Blogotariat

Exorbitant land costs are the primary driver of Australia’s high home prices. According to the Australian Bureau of Statistics (ABS), residential land values, which underpin the housing market, increased by 8.8% between 2023 and 2024, reaching $7.7 trillion. Residential land values increased from 1.1 to 2.9 times Australia’s GDP over 35 years, ending in 2023-24.

  It was all about tariffs again today in the minds of risk markets but Asian shares have all broadly advanced except the ASX200 which put in a scratch session. More rate cut speculation builds as the US Federal Reserve has to weigh up increasing inflation against further jobs losses as the USD continues to

The post Macro Afternoon appeared first on MacroBusiness.

Major network suggests pilot scheme where the excess solar from industrial rooftops is shared with those who can't afford their own PV arrays.

The latest data from the Real Estate Institute of New Zealand (REINZ) showed that house prices nationally have fallen by 16.4% over 44 months, with all major centres experiencing heavy declines. As illustrated below by Justin Fabo from Antipodean Macro, home prices in real terms have crashed back to 2019 levels. Cotality released its house

The post New Zealand’s ‘slow motion’ house price crash appeared first on MacroBusiness.

An industrial company building a new site was quoted $117,000 just for the connection. So CEO Scott Rawson decided it would operate off the grid.

The ferrous complex is still easing after the recent ill-conceived push. The outlook remains weak. The big event refers to a September 3 Beijing ceremony, commemorating the 80th anniversary of the end of World War Two. Chinese steelmakers, especially those in the northern region, usually constrain production before big events to ensure air quality in

The post China is the new “widowmaker” trade appeared first on MacroBusiness.

These poor folks at the ABC are a leading indicator. Regional Victorian residents in 10 towns reliant on standalone gas networks are in shock after learning their supply will be cut off by the end of next year. Solstice Energy has announced it will phase out its compressed natural gas (CNG) networks in Robinvale, Swan

The post Gasmageddon alarm blares in Victoria appeared first on MacroBusiness.

UN climate chief Simon Stiell jetted into Australia to blame us for the world’s climate woes. Stiell claimed that Australia will let the world “overheat” and stated that fruit will be a “once-a-year treat” if the Albanese government doesn’t lift its clean-energy ambitions. He also warned that unambitious interim targets would destroy Australia’s “high living

The post UN should attack China on climate, not Australia appeared first on MacroBusiness.

Millie Muroi from The SMH noted that Australians are working more hours to compensate for declining productivity. “Given productivity—the amount of goods and services produced for a given level of resources, including hours worked—has stagnated over the past decade, Australians may be compensating by putting in more legwork”, she wrote. “According to the OECD, Australians

The post Australians are working longer, not smarter appeared first on MacroBusiness.

Germany attracts no bids for latest offshore wind auction, with rising capital costs and impacts of shadowing blamed.

The Albanese government cannot be trusted on immigration. In 2023, former Home Affairs Minister turned Housing Minister Clare O’Neil delivered a keynote address to the AFR Workforce Summit, where she bemoaned the blowout in temporary migrants under the former Coalition government: Today, really for the first time in our modern history, our uncapped, unplanned temporary

DXY is dropping again. Sticking with the recent rally pattern, AUD is not rising as fast. Lead boots are stable. Gold is firm, oil weak. Metals tracked DXY. Big bear intact. EM rebound. Junk too. Yields firmed. BTFD! The AUD has resumed rising with broader risk. Or, should we say, resumed inflating with the broader

The post Australian dollar inflates with the bubble appeared first on MacroBusiness.

On the 16th of June 2015, Donald Trump declared that he was going to run for the presidency of the United States. At the time, it was a source of jokes for late-night hosts and a target of ridicule by Democrats riding high following two consecutive strong presidential election victories for Barack Obama. For those

The post Trump’s appeal and the rise of political extremism appeared first on MacroBusiness.