Blogotariat

Analysis released last week by the Daily Telegraph showed that the average mortgage interest bill in Australia has tripled since the Reserve Bank of Australia (RBA) began raising interest rates in May 2022. “National Accounts figures show Australians paid a total of $31.2 billion in mortgage interest rates across the entire economy as of the

The post Australian housing policy is a shell game appeared first on MacroBusiness.

  The Cook, the Thief, his Wife, and her Lover, Peter Greenaway 1990 It’s early January. Deep in the bowels of ABC HQ there’s a balancing act in play.  Nothing much happens in January except sports, so most non-sports real journalists are told to head off and freshen up for the coming season. Between Christmas

The post Australia facing bigger, dumber, less productive future appeared first on MacroBusiness.

Voted many times by UK and US magazines as the most important public intellectual in the world, Noam Chomsky, scientist, linguist, human rights activist, suffered a stroke at age 95 and can no longer speak. Yet as 2025 begins, Chomsky at 96 gifts the world his examples of inquiry and dissent. These qualities he might say, remain the much needed means to strive for freedom, justice and peace.

Only in the world of political make-believe we inhabit in the West would the Wall Street Journal’s account of Biden’s years-long cognitive decline, and its concealment by his officials, count as a scoop.

China scholar Mark Wang still remembers a time in the 2000s when Australia’s China studies was vibrant and in a leading position in the world.

Academics say China studies sector in ‘crisis’ amid a funding shortage and ‘climate of fear’    By Jenny Cai

Biden blocks $14.9 billion US-Japan steel deal over national security concernsAMERICASUS President Joe Biden on Friday blocked the sale of US Steel to Japan's Nippon Steel, citing concerns that the deal could threaten national security and industrial supply chains. The companies said that the move was a "clear violation of due process and the law" in a joint statement.

Melbourne’s housing market has experienced a prolonged downturn. According to CoreLogic, Melbourne home values have declined by 6.4% since March 2022. Melbourne home values have also only risen by 8.4% since the onset of the COVID pandemic in March 2020, versus a 33.6% increase across the combined capital cities. Separate data from PropTrack shows that

The post Melbourne to become cheapest housing market appeared first on MacroBusiness.

China is again in the forefront of news in the last trading session of the first week of the trading year with speculation of an imminent rate cut by the PBOC plus more “support” from state planner. Aka turning Japanese. The USD remains firm against the undollars with Euro treading water above the 1.02 handle

The post Macro Afternoon appeared first on MacroBusiness.

In a joint statement issued in November, Treasurer Jim Chalmers and Finance Minister Katy Gallagher announced that the Future Fund, which is one-third the size of the Australian economy, will be directed to invest in housing, security, and the green energy transition “where possible, appropriate, and consistent with strong returns”. This is the first time

Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, look through the performance of stocks over 2024, what worked, what didn’t and the lessons for 2025 Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund,

The post MB Fund Podcast: What Worked In 2024 appeared first on MacroBusiness.

Metropole’s Dorian Traill claims that Australia is facing a “critical shortage of property investors” that is “further fueling the nation’s escalating rental crisis”. Traill’s claim is based off new research from the Property Investment Professionals of Australia (PIPA) and the Property Investors Council of Australia (PICA), which shows that a growing number of investors are

The post Australia needs fewer property investors appeared first on MacroBusiness.

India has led the surge in Australian temporary migration since the pandemic began. There were 300,000 Indians holding temporary visas in the September quarter (excluding visitors), up from 200,000 in September 2019. Included in this 300,000 figure were 115,000 Indians on student visas and 80,000 Indians on graduate visas. More than a decade ago, Australia

Immigration into New Zealand has fallen sharply, driven by increasing numbers of Kiwis fleeing to other countries (including Australia). As illustrated below by independent economist Tony Alexander, annual net migration fell to 38,800 in October from 42,700 in September and a record 136,000 a year ago. The large change in the past year reflects gross