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MacroBusiness Friday, December 5, 2025 - 13:30 Source

In October, the nation’s housing market saw the strongest growth since June 2023. It also marked the strongest growth in credit to property investors in a decade on an annualised basis. October was also notable due to the introduction of the Albanese government’s significantly expanded 5% deposit scheme for first home buyers. Under the previous

The post Albo’s 5% deposit fuel stokes the property market fire appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 13:00 Source

Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035. This is one of the most ambitious renewable energy targets in Australia and globally, designed to accelerate the state’s transition away from cheap brown coal and toward cleaner energy sources, such as wind, solar, and storage. The target is

The post Victoria faces expensive, unstable power grid appeared first on MacroBusiness.

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Renew Economy Friday, December 5, 2025 - 12:35 Source
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MacroBusiness Friday, December 5, 2025 - 12:30 Source

Some WEF boffins are making no sense. Australia could double its iron export revenues to AUD250 billion ($162 billion) a year by shifting to low-emissions green iron. The country must accelerate two or more commercial-scale green iron ‘lighthouse’ projects by 2027 to secure first-mover advantage. A shift to green iron could help Australia cut up

The post The green steel revolution is cancelled appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 12:00 Source

In September, Frank Chung at News.com.au reported that “international students are overwhelming Australia’s asylum system with bogus refugee applications, as the country’s deportation backlog surges towards 100,000”. Abul Rizvi told Chung that “there’s an increasing number of student visa holders applying for asylum”, adding that there are likely to be around 50,000 migrants who have

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MacroBusiness Friday, December 5, 2025 - 11:30 Source

The Market Ear on some growing crosscurrents for stocks. Trying The 10 year holding “stubbornly” around that big 4.1% level. A close slightly higher and things could get a bit squeezy. Note the negative trend line from May as well as the 50 day around these levels. Source: LSEG Workspace The Jaws gap Japanese vs.

The post Stocks confront commodities blowoff appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 11:00 Source

The Coalition will shortly discuss the ‘principles’ on which its immigration policy will be based. However, there are differing opinions within the Coalition’s ranks on the issue, with some expressing concern about using the term “mass migration”. South Australian backbencher, Liberal senator Andrew McLachlan, has criticised Coalition colleagues who use the phrase, contending that linking

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xkcd.com Friday, December 5, 2025 - 11:00 Source

Luckily, the range is limited by the fact that the square boundary lines follow great circles.

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Renew Economy Friday, December 5, 2025 - 10:34 Source
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MacroBusiness Friday, December 5, 2025 - 10:30 Source

The 2025 iron ore bust was a bust. Long live the iron ore bust of 2026! The jaws are still a problem. More of a problem than I was thinking. Goldman. While the market remained tighter than we expected in Q1-Q3 due to resilient Chinese hot metal production, and improving China growth expectations alongside the

The post The iron ore bust of 2026 appeared first on MacroBusiness.

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MacroBusiness Friday, December 5, 2025 - 10:00 Source

This week’s September quarter national accounts release from the Australian Bureau of Statistics (ABS) was mixed. On the one hand, overall GDP growth was soft at 0.4% for the quarter and slightly negative in per capita terms. On the other hand, annual GDP growth accelerated to 2.1% through the year, in part owing to upward

The post RBA under pressure to hike interest rates appeared first on MacroBusiness.

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Renew Economy Friday, December 5, 2025 - 09:52 Source
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The Tally Room Friday, December 5, 2025 - 09:30 Source

There has been a clear trend in recent federal polling – One Nation has been gaining ground, seemingly at the expense of the Coalition. We’ve now reached a point where One Nation are regularly polling in the mid-teens. If they were to achieve such an election result, it would be the highest vote share polled by a minor party in a federal election under the modern party system, in excess of the best results for the Greens or the Democrats.

There’s a long time to go before the next election, but it does raise questions about what an election held with current polling might look like.

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MacroBusiness Friday, December 5, 2025 - 09:30 Source

Some academic claims we know what will be in Albo’s new gas reservation policy. While full details are yet to be announced, we know there will be three main elements: a mandatory reservation volume, a gas security incentive, and competitive domestic pricing. The mandatory reservation will require gas producers to reserve a portion of their

The post Energy superidiot readies new gas insanity appeared first on MacroBusiness.

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Your Democracy Friday, December 5, 2025 - 09:22 Source

My following point here is not to prevent anyone to believe in god, but to stop people from indoctrinating others with their falsehood.

 

God is as dumb as a plank of wood — but we can use it to keep us afloat.

           Alphonso Moronicus

 

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Renew Economy Friday, December 5, 2025 - 09:17 Source
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Renew Economy Friday, December 5, 2025 - 09:15 Source
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MacroBusiness Friday, December 5, 2025 - 09:00 Source

Wall Street had another slow session overnight with an unclear picture of the US labour market weighing on high expectations that the Fed will cut in next week’s FOMC meeting. Bond markets sold off while the USD was relatively steady after an initial drop on the jobless claims print with the Australian dollar holding just

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Friday, December 5, 2025 - 06:55 Source

Elon Musk has predicted that Vice President J.D. Vance will succeed Donald Trump as US president, and that the country will enter a “great 12-year span” of leadership that will include Trump’s current tenure and successive terms for Vance, Politico has reported.

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Your Democracy Friday, December 5, 2025 - 06:00 Source

Australia’s response to Japan’s rhetoric has been framed as a test of loyalty, but the outrage is largely media-driven. Caution in foreign policy is not betrayal – it is a rational defence of national interest.

 

Fred Zhang

When foreign policy becomes domestic theatre

 

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Your Democracy Friday, December 5, 2025 - 04:33 Source

 

For political cartoonists, a federal election feels a little like Christmas — the fodder is endless.

And it really shows in this year's Behind the Lines exhibition, the annual celebration of the year's best political cartoons at the Museum of Australian Democracy at Old Parliament House in Canberra.

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MacroBusiness Friday, December 5, 2025 - 00:01 Source

The past five years have witnessed arguably the worst rental crisis in modern Australian history. According to Cotality, nationally advertised rents soared by 43.8% in the five years to Q3 2025. This meant that the typical tenant household seeking to rent the median advertised home would need to spend $10,600 more annually than they would

The post Rental crisis drives Aussies into share housing appeared first on MacroBusiness.

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Renew Economy Thursday, December 4, 2025 - 21:57 Source

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Renew Economy Thursday, December 4, 2025 - 21:41 Source
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George Monbiot Thursday, December 4, 2025 - 20:26 Source

Corporations and oligarchs are using offshore courts to tear down democratic decisions – and our governments say “welcome”.

By George Monbiot, published in the Guardian 1st December 2025

How do you reckon our political system works? Perhaps something like this. We elect MPs. They vote on bills. If a majority is achieved, the bills becomes law. The law is upheld by the courts. End of story. Well, that’s how it used to work. No longer.

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The Australian Independent Media Network Thursday, December 4, 2025 - 19:52 Source

The Anti-Fascist I Was Raised to Be I am ANTIFA. Or so says President Donald Trump, branding me and millions like me as terrorists in [...]

The post I am ANTIFA appeared first on The AIM Network.

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MacroBusiness Thursday, December 4, 2025 - 16:00 Source

Risk markets here in Asia are pivoting more on BOJ rate hike speculation amid near certainty that the Fed’s upcoming December meeting next week will result in a cut, with tonight’s US initial jobless print in the balance given the very poor ADP private numbers recently. The Australian dollar is still building above the 66

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Thursday, December 4, 2025 - 15:16 Source

If a picture is worth a thousand words, then a video is worth Leo Tolstoy’s book, War and Peace, which has over 580,000 words. It is posted below… The video shows 86 villages and towns that Russia has captured since September 2025. This video illustrates why the retired US military officers who appear on mainstream media to analyze the war in Ukraine are a bunch of clowns.

 

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MacroBusiness Thursday, December 4, 2025 - 14:00 Source

Last week, I reported on The Australian Youth Barometer 2025, which painted a bleak picture of the financial challenges facing younger Australians. The report notes that 85% of young people report financial difficulties, while 18% face food insecurity. Housing affordability is a major concern, with only 30% believing they’ll be able to afford a comfortable

The post Younger Australians are miserable and angry appeared first on MacroBusiness.

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Renew Economy Thursday, December 4, 2025 - 13:56 Source
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