The Trump ascendancy has forced international economic issues and the future strategic outlook onto the Australian election agenda, even if they are at the margins.
This campaign — while dominated by domestic issues, notably the cost of living — is taking place against the background of an extraordinarily volatile external situation, with major implications for Australia’s future.
Roy Morgan unemployment is a better measure than the doctored ABS version. “Despite the record employment growth over the last three years, there are still a significant number of people who have joined the workforce without finding employment – a total of 435,000 since the last Federal Election. This influx of people into the workforce
CoreLogic data showed that the median household spent a record share of their incomes on rent at the end of 2024. PropTrack’s rental report also showed that the share of rental homes that were affordable to tenants hit a record low at the end of 2024. CoreLogic has released its quarterly rental report, which noted
The post Rent surge drives tenants into group homes appeared first on MacroBusiness.
So far as I can tell, Treasury Secretary Scott Bessent is the greatest thing going for the Trump administration by far. This guy is very impressive. We can only hope that he brings better implementation to the Trump tariff agenda than the crazy president, Lutnick, or Navarro does.
The post Can Scott Bessent save the world? appeared first on MacroBusiness.
The Market Ear on the bear. Shake out, or? A perfect storm may be brewing: the S&P’s death cross reappears just as investor confidence hits new lows and equity outflows surge. With tech allocations plunging and volatility well bid, the big question is — is this a shakeout or the start of a larger unwind?
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There is a global gas glut looming over the next five years as US and Qatari volumes surge into seaborne markets. However, those who propose importing this gas into Australia as the solution to our energy transition woes are barking up the wrong tree. Current future pricing for JKM gas in Asia for mid-winter 2028
The post The global gas glut won’t save Australia appeared first on MacroBusiness.
Former RBA man Peter Tulip does a good job of destroying the current array of house price appreciation policies offered in the election. He concludes at the AFR. Immigration policy is not usually considered as “housing policy”, but it actually has larger effects on affordability than most of the measures discussed above. The Coalition is
Developer Nigel Satterley has called for more skilled migration to help ‘solve’ the housing shortage. Nigel Satterley, whose Satterley Property Group is the nation’s largest privately owned residential land developer, claimed that Australia had suffered an annual shortfall of 40,000 homes for over a decade. He claimed that without immigration changes to bring in more
Beijing, we have a problem. The property recovery that never was is now in hard reverse post-tariffs. Leading indicators are in free fall verus previous saves in the primary market. It is the reverse in the secondary market as property dumping is the new black. Sales in primary markets are crashing. Inventory is yet to
The post Tariff shock smashes into Chinese property appeared first on MacroBusiness.
Risk sentiment is flat lining again as stock market volatility moves lower but all eyes still remain on US Treasuries and the USD itself with Swiss Franc now taking the lead while Euro took a slight back seat on poor sentiment readings in Germany. The impact on global trade continues to be felt with leading
The post Macro Morning appeared first on MacroBusiness.
The latest pricing from the interest rate futures market has the official cash rate falling to 2.9% by year’s end, suggesting another five 0.25% rate cuts this calendar year. The minutes from the latest Reserve Bank of Australia (RBA) board meeting cautioned that Australia’s $11.3 trillion housing market could be at risk if a series
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