Perth’s property market has undergone a massive boom, surging by 76% from the beginning of the pandemic in March 2020, according to PropTrack. Despite the boom, Perth home values are still comparatively “affordable” with a median value of $751,000 in August, compared to $861,000 throughout the Australian combined capital cities: This relative affordability means that
By Denis Hay Description Examine why Australia questions aged care funding but not military spending, despite the country’s monetary sovereignty. Introduction Australia is grappling with rising demands for aged care services as its population grows older, leading to a $5.6 billion reform package to improve the sector. Yet, every dollar given to aged care is…
The NSW Productivity Commission has touted higher towers, smaller homes, and fewer car spaces as the solution to the state’s housing crisis: “Higher-density zones around train stations would double in size… The NSW productivity commissioner is also recommending design standards be relaxed to allow the construction of smaller apartments without access to parking, storage or
My god, how much harm can one industry-captured think tank do? The east coast is locked in a perpetual energy crisis in part because the gas cartel-sponsored Grattan Institute recommended no domestic reservation when LNG export terminals opened. Rather than address the crisis, the VIC government has undertaken the pointless and expensive distraction of forcing
Last month, the Australian Energy Market Operator (AEMO) released updated energy supply and demand predictions for the next decade. According to AEMO, a delayed adoption of battery-electric cars (EVs) will reduce demand on the electric grid. In December, AEMO anticipated that seven million electric vehicles would be sold over the next 10 years. But that
Victoria has recorded a sharp increase in applications for social housing. In the three months to June 2024, 51,602 applications for social housing were received, up from 48,620 in the March quarter. The jump in social housing applications comes amid new Australian Institute of Health and Welfare (AIHW) data showing that Victoria has the lowest share
This week, the Australian Bureau of Statistics released monthly net permanent and long-term arrivals data, which revealed that immigration into Australia remains turbo-charged: The opposite is playing out across the pond in New Zealand, where immigration is easing rapidly amid a significant outflow of New Zealand residents to other nations, most notably Australia. As illustrated
The Market Ear with more on my great bubble hope. Blowing bubbles This is nothing compared to the late 90s. BofA writes: “The tech bubble lasted 5 years and withstood 2 major shocks (in 1997 & 1998), 100bps of rate hikes and a bear market while still delivering over 80% returns in the final 2
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SHFE and SGX bounced yesterday: Mad Dalian went further: Has anything changed to make $90+ iron ore viable? Yeh, it’s gotten worse. Westpac: We suspected that the recent bounce in iron ore prices back into the low $100s would be temporary before prices moved back down to $90 and then into the mid- $80s. Through
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