Blogotariat

From 1 April 2025, temporary residents will be banned from purchasing established dwellings for two years. Previously, temporary residents have been permitted to apply for approval to buy an established home to live in for the duration of their stay. They have also been allowed to purchase an established home for redevelopment if it increases

The post Chinese buyers raid Australian property appeared first on MacroBusiness.

The ferrous complex has begun to deflate post-supply disruption. Profits have halved at the big miners, but do not be fooled. The iron ore nightmare has not yet begun. Ahead is an epic crash in Chinese construction volumes. Capital Economics. Nor will Chinese consumption ever fill the hole for steel. I expect Chinese domestic demand

The post The iron ore nightmare has not yet begun appeared first on MacroBusiness.

A decade ago, Australia was one of the worst nations for online piracy. The main driver of this piracy was a lack of affordable and timely content for Australians. As a result, Australians were compelled to resort to illegally downloading movies and television episodes via BitTorrent and other file-sharing programs. The landscape transformed when Netflix

The post Streaming wars drive Aussies back to piracy appeared first on MacroBusiness.

The purported “crackdown” on international student numbers has failed to dampen numbers, with new Department of Education data showing record enrolments and commencements in the year to November 2024. As the following chart illustrates, there were 1,081,300 international student enrolments as of November 2024, up 120,454 (12.5%) from the previous record set in 2023. International

More bad news for the private economy as the true state of weakness is now hitting capex intentions. The first estimate for 25/26FY is up only 1.8%. Much of that is mining at 3,6%. Everything else is stalled out at just 0.9%. These are much lower estimates versus year-ago levels. The lunatic RBA is expecting

The post Private capex intentions shoot down RBA bullhawks appeared first on MacroBusiness.

The latest US initial jobless claims number spiked overnight and combined with more senseless tariff threats from Trump including doubling down on China saw volatility hit Wall Street hard as all the post election gains were wiped out, taking European stocks lower as well. The USD is pushing back against the undollars with new daily

The post Macro Morning appeared first on MacroBusiness.

The Reserve Bank of Australia’s (RBA) 0.25% interest rate cut and expectations of more easing have delivered a strong rebound in Australian home prices, driven by Sydney and Melbourne. After declining for three consecutive months, Australian dwelling values recorded a 0.3% increase in dwelling values across the five major capital cities in February, with each

The post Rate cuts deliver big house price rebound appeared first on MacroBusiness.

The Market Ear with more. Fear mania CNN’s greed/fear index entered extreme fear yesterday. This much fear has mostly been followed by the market bouncing. Source: MacroMicro Bulls in hibernation Massive downtick in AAII bulls. Source: Refinitiv Bear mania Huge move higher in bears according to the latest AAII sentiment survey. Source: Refinitiv Imminent upside

The post Fear reigns appeared first on MacroBusiness.

DXY is back on tariff talk. AUD was poleaxed on the same. Lead boots were made for sinking. Gold needs a bigger pullback. Oil needs to break down. Goldman has wrecked the world’s most important metal. Big miners into the pit. EM meh. Junk meh. Yields up. Stocks down. The Mad Man is back. Bloomberg.

The post Australian dollar poleaxed as tariffs return appeared first on MacroBusiness.

By defending the UK’s draconian anti-protest laws, Labour is laying the ground for an authoritarian government.

By George Monbiot, published in the Guardian 22nd February 2025

If the Trump project implodes, it might take with it the far-right European parties to which it is umbilically connected. Like all such parties, Reform UK poses as patriotic while grovelling to foreign interests, and this could be its undoing.

Australia could follow New Zealand's example to help industrial companies switch from gas to electricity.

Asian share markets are doing slightly better on the back of somewhat mixed sessions on Wall Street and in Europe overnight, absorbing the post close NVIDIA earnings and the new tariff announcements on Europe by the Orange Mussolini. Meanwhile the USD is firming up slightly against some of the majors with the Australian dollar still

The post Macro Afternoon appeared first on MacroBusiness.