The pump-priming of Australia’s housing market is in full swing. Australian Treasurer Jim Chalmers has already announced that he has instructed Australia’s financial regulators to relax home lending regulations for millions of Australians with home loans. Under the changes, a borrower’s student debt will be excluded from mortgage serviceability calculations if the bank feels the
An uneasy start to the trading week as most Asian share markets pull back after a mixed return on Wall Street from Friday night due to the weaker than expected retail sales print. This is likely to continue as its a long weekend for US markets. The USD is still under the pump with most
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Prime Minister Sir Keir Starmer has announced that the UK is ready to play a “leading role” in providing security guarantees to Kiev and deploy troops to Ukraine as part of a peacekeeping mission, should a ceasefire agreement with Russia be reached.
In August 2024, the Actuaries Institute reported that rising home insurance premiums were causing financial stress for 1.6 million Australian households. This represented a 360,000-household increase, or 30% more than the previous year. According to Sharanjit Paddam, the principal author of the Actuaries Institute research, insurance premiums were rising faster than incomes, with the median
So much for the Cat5 monster. Cyclone Nothingburger passed the Pilbara by without leaving any damage. RIO has already re-committed to existing output guidance which means that a weak Q1 will be followed by booming Q2 and Q3. Prices fell over the weekend and have some catching down to steel to do. Vale also indicated
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The writing was on the wall for Albo in his first week. While Australian energy markets were melting down on Ukraine War profiteering by the gas cartel, Albo was busy talking up how he would aim for a two-term government. Any PM who is so focused on re-election as his top priority has no interest
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The latest YouGov poll suggests the Dutton-led Coalition will most likely win the upcoming federal election and form the next government. YouGov’s latest MRP model suggests the Coalition would likely win around 73 seats in the 150-seat House of Representatives, with a lower estimate of 65 and an upper estimate of 80, if a federal election
Only ten years late. The Albanese government will launch a crackdown on housing purchases by foreign buyers, implementing a two-year ban on the purchase of established homes by temporary residents to replicate a previous commitment by the Coalition. …Simultaneously, the Albanese government will also conduct a review into the ban’s effectiveness to determine whether it
Last week, SQM Research released its January vacancy report, revealing that the national vacancy rate declined to just 1.0%, down 0.1% from January 2024. Commenting on the results, SQM Research managing director Louis Christopher noted that the rental crisis appears to have reignited, potentially driven by a resurgence of net overseas migration. “The sharp decrease
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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.
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POLITICAL CARTOONIST SINCE 1951.
According to the Department of Education, a record 1,018,799 international students were enrolled in Australia in the year to September 2024: The table below displays the breakdown of enrolments by type of institution. As you can see, vocational education and training (VET) has experienced the greatest increase in student numbers since 2019, rising from 247,467