Australian home values hit their highest level on record in May. The Westpac Consumer Sentiment index, released on Tuesday, showed that Australians have turned bullish on house prices, expecting significant appreciation in the period ahead. As illustrated below by Alex Joiner from IFM Investors, house price expectations have surged to a cyclical high. “With strong
One year ago, AMP chief economist Shane Oliver estimated that Australia’s cumulative housing shortage was in excess of 200,000 dwellings. The chart from Oliver showed that Australia’s housing undersupply began in the mid-2000s when the federal government more than doubled net overseas migration. However, the shortage was almost eradicated when immigration turned negative during the
The Department of Redundancy Department is Albo’s core portfolio. From The Australian. Business leaders will push for holistic tax reform, cuts to red tape and faster approvals for major projects as Anthony Albanese lays the groundwork for a second-term economic agenda by holding a productivity roundtable in Canberra months after his thumping election victory. With
I bought myself a new dictation rig, like actual physical hardware, this week. The Plaud Note Pin.
Another light news session overnight as speculation mounts of potential trade deals and tariff pullbacks with US-China talks progressing. Wall Street took any positive news as good news and was bid strongly while European shares pulled back on some not so good unemployment data and increased concerns over defence spending. Currency markets are in a
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Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that Australia’s economy remains on life support, driven by historically high population growth and public spending. Australia’s aggregate GDP grew by only 0.2% in Q1 2025, less than half the 0.45% growth tipped by the Reserve Bank of Australia (RBA) in
On Monday, I reported how the Q1 national accounts, released last week by the Australian Bureau of Statistics (ABS), showed that Australia’s manufacturing sector shrank to a record low 5.1% share of GDP: As you can see, Australia’s manufacturing sector has collapsed over the past 45 years, from around 14% of GDP in the mid-1970s.
We bought an electric car; not a swasticar, but a Hyundai Kona. We have had it for three months and up until today had only driven it about 1500 km. On Friday we drove to Sydney to see family, and never having driven more than about 20 km in one hit, a drive of some 350 kms was taken on with some nervousness. This was not due to what has been termed ‘range anxiety’ as we knew there were charging stations along the way, one group of which was at Pheasants Nest, where we used to stop for lunch and a coffee when travelling with the eleven-year-old Mazda we used to own.
