The Albanese government’s Australian Universities Accord Final Report set a target of 55% of young Australians having a university degree by 2050. The report states that to meet its 55% university attainment target, “the system will need to more than double the number of Commonwealth-supported students in universities from 860,000 currently to 1.8 million by
At the end of 2024, CoreLogic reported that rental affordability hit a record low, with the median-income household required to spend 33% of their income to rent the median home. Last month’s rental affordability report from PropTrack also showed that households at the end of 2024 could afford to rent the smallest share of advertised
The Australian Bureau of Statistics (ABS) released its March labour force report, which was steady as she goes. There were 32,230 jobs created over the month, below economists’ expectations of a 40,000 increase. The national unemployment rate remained fairly steady at 4.1% thanks to a slight increase in the participation rate. The underemployment rate was
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith dive deep into the factors we are looking for to show that the market may have bottomed. What are the long-term valuation metrics and how should investors be thinking about them? Can’t make it to the live series? Catch
Over five weeks after the state election was held, the WA Electoral Commission has finally concluded the counting procedure for the WA Legislative Council, with the button pushed yesterday afternoon. This resulted in the full distribution of preferences, electing the 37 members for the chamber.
We now know the final primary votes for each party statewide and in each electorate, and how the final rounds of the distribution of preferences played out. For this blog post I’m going to run through some of the key stats and show how close the final rounds of the count were.
CS Energy takes rap for downplaying Callide event, as state generators told to come clean on outages
Is there a bigger gaslighter in Australian politics than Teals MP for Wentworth, Allegra Spender? The self-styled climate crusader inherited a luxury Woollahra mega-mansion worth tens of millions of dollars: She has also owns a lovely weekender at Pittwater: Spender regularly sheds crocodile tears about Sydney’s housing crisis while simultaneously promoting endless mass immigration. Allegra Spender
Hellbourne is Australia’s first version of Mega-City One. The sprawling helltropolis of the Judge Dredd comics describes a crush-loaded future of base humanity, scrambling over one another like spifire grubs for survival. Twenty years ago, Melbourne was a cheap and thriving creative center with excess infrastructure, booming multicultural success and a lifestyle to burn. Today,
It is sounding like Groundhog Day for Victorians. When Labor came to government in Victoria in 2014, it immediately cancelled the East-West Link project, which cost taxpayers $1.1 billion in compensation. Last year, Labor cancelled the Commonwealth Games, which cost Victorian taxpayers $600 million in compensation. Victorians face paying billions in compensation to cancel the
Seek released its latest employment report for Australia, which suggests the job market is deteriorating. The number of jobs advertised on Seek fell by 3.0% in March and was 12.8% lower year-over-year. Ad volumes declined in every state and territory. The number of applications per job ad also rose by 2.0% over the month and
The post Australia’s job market ‘structurally weak’ appeared first on MacroBusiness.
The Australian dollar has rallied strongly against the US dollar after hitting a two-year low following the announcement of President Trump’s “Liberation Day” tariffs. The Australian dollar has rebounded to 0.64 US cents, effectively returning to its pre-tariff announcement level. The rebound partly reflects weakness in the US dollar against all currencies as the Greenback
Risk sentiment is now rolling over again as stock market volatility lifts higher mainly due to potential earning slumps on tech stocks aka NVIDIA due to the Trump regime’s tariff madness. The latest US retail sales figures (pre-tariff numbers) came in as expected and Fed Chair Powell tried to provide some hope through it all
The post Macro Morning appeared first on MacroBusiness.
