The International Monetary Fund’s (IMF) latest World Economic Outlook report forecasts that Australia and Slovakia will be the only two advanced economies with headline inflation above 3% by the end of 2025. The IMF expects Australia’s inflation rate to rise to 3.6% by December 2025 as federal and state government cost-of-living relief is wound back.
It was never a good look. Advertised as the world’s largest, complex and most colourful of democracies, India’s approach to certain dissidents, notably of a Sikh patriotic sensibility, has not quite matched its lofty standing. The strength of a liberal democratic state can be measured by the extent it tolerates dissent and permits the rabble…
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I have written repeatedly how Australia’s home building industry is facing stiff headwinds that will keep the volume of housing construction depressed for the foreseeable future and unable to meet the Albanese government’s fantastical housing target. First and most importantly, construction costs have risen nearly 40% since the start of the pandemic, meaning that it
Why must Australia have these endlesss debates about idiotic non-solutions while the real answer is tried, true and obvious: BlueScope has called for the introduction of an east coast gas reservation to ensure domestic users are adequately supplied ahead of a looming regional supply crunch. Australia’s east coast is awash with gas, but it is
Australian households have had a torrid time in recent years, experiencing the largest decline in disposable incomes in history: This decline in household income has also been among the largest in the world: On July 1, the Stage 3 tax cuts came into effect, which reduced personal income taxes by around $1,200 annually for somebody
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Australia’s largest media study tracking gender bias in news reporting reveals a mixed report card for newsrooms. The report by the Women’s Leadership Institute Australia (WLIA) shows business news continues to be dominated by male reporters and experts, but the gender balance in political reporting has improved since the last study in 2021. Led by…
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Australia has a very large skilled migration program. Over the last 20 years, Australia has granted 2.3 million permanent skilled visas. Earlier this year, the Committee for Economic Development of Australia (CEDA) published research revealing that half of skilled migrants work in occupations that are below their qualifications and earn significantly less than Australians with
Women have made such a difference in the housing crisis. They’ve made it worse. Victorian teal MPs have strongly criticised key aspects of Premier Jacinta Allan’s plan for high-rise towers in Melbourne suburbs, with the federal member for Goldstein, Zoe Daniel, warning “crash or crash through” policies will not fix the housing crisis. The developments will
There is a first time for everything, and today I agree with Tim Gurner, Australia’s most hated man: Developer Tim Gurner says the Victorian government’s stamp duty cuts are a strong start to get the property market moving again, but warned the effort is doomed to fail unless Melbourne’s reputation as a safe place to
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Australians are trapped in the most prolonged per capita recession on record, following six consecutive quarterly declines in per capita GDP and seven declines over the preceding eight quarters. The International Monetary Fund’s latest World Economic Outlook report forecasts that the Australian economy will grow by just 1.2% in 2024, compared with its April forecast
The Market Ear with some charts. Beware rising wedges SPX is trading tighter and tighter into the rising wedge. Highs have been losing momentum for some time and have been unable to push “properly” higher. Watch the steep short term trend line that has been in place since August lows. A close below and things
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Over the weekend, Victorian Premier Jacinta Allan chose the wealthy suburb of Brighton to launch her plan of seizing planning controls away from local councils to create 50 activity centres the government has earmarked for higher density. These areas will be rezoned for high-rise apartment complexes of 10 to 20 storeys near train and tram