It’s the largest living structure on Earth, 3000 individual reefs, 900 islands, 1430 miles, and it may be collapsing.
The Australian Bureau of Statistics (ABS) has released its annual national accounts for the 2024-25 financial year, which includes extensive data on land values. Land values underpinning the Australian housing market increased by 7.0% during the 2024-25 financial year. In 2024-25, Australia’s land was valued at $9.8 trillion, with residential land accounting for 85% ($8.3
French President Emmanuel Macron is preparing to intervene militarily in Ukraine, Russia’s Foreign Intelligence Service (SVR) has claimed. In a statement published on Monday, the agency’s press department suggested that he desperately wants to leave his mark on history.
US President Donald Trump has promised sweeping support for Japan and its new prime minister, Sanae Takaichi, amid the intensifying rivalry with China in the Indo-Pacific.
A few wobbles across Asian share markets with the catalyst of another potential rare earth trade deal between the Trump regime and Japan helped Yen strengthen against USD. The fallout from Friday’s not so firm US CPI print is keeping the USD down against most of the majors as expectation of a cut from the
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Australia’s total land value has soared past $10 trillion, according to new ABS data — yet ordinary workers continue to shoulder most of the nation’s tax load. Prosper Australia says the figures highlight the need to rebalance the tax system so that unearned gains from land and natural resources contribute their fair share. “Australia’s land […]
The following chart from Justin Fabo from Antipodean Macro illustrates that, in real inflation-adjusted terms, New Zealand dwelling values have crashed back to 2019 pre-pandemic levels: At the same time, the Reserve Bank of New Zealand has slashed the official cash rate by 3.0% to 2.5%, which has driven mortgage rates sharply lower. As a
Data released in the U.S. prior to the government shutdown painted an optimistic picture of the economy. Second-quarter economic growth was revised up to 3.8% annualised, and consumer spending grew by 2.8% in the third quarter. Although comforting, these data raise a question: why is growth so resilient when other economic indicators, including employment and