‘End of the road’ Lina Bryans,(1941—1943) Art Gallery of New South Wales AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 15 October 2024 appeared first on MacroBusiness.
Vasey RSL Care has spent close to two years advocating at the highest levels of government to co-fund its innovative response to veteran homelessness – and its causes – through The V Centre Veteran Empowerment Program. In the ex-service community, one veteran takes their own life every 5 days. This is simply not acceptable, and…
The post Enough Waiting: Urgent Support Needed for Homeless Veterans appeared first on The AIM Network.
New Zealanders are experiencing one of the deepest recessions in modern times. As of Q2 2024, real per capita GDP had collapsed by nearly 4%, as illustrated by the following chart: As shown by Justin Fabo at Antipodean Macro, New Zealand has recorded the largest decline in per capita GDP compared with the decade average
The post Deep rate cuts incoming as recession worsens appeared first on MacroBusiness.
Last week, I posted research from the world’s largest commercial real estate group, CBRE, which projects that Australia’s rental crisis will continue as population demand overruns supply. CBRE projects that Australia’s population will balloon by 3.6 million to 31 million by 2034 (from 27.4 million currently). CBRE also projects apartment supply to hover around decade
Media Release International and national refugee sector experts and advocates have identified four urgent areas of reform needed to address ongoing disadvantage and exclusion caused by Australia’s policies towards refugees and people seeking asylum. Two hundred delegates gathered in Kyneton, Victoria (11-13 October) for the two-yearly Rural Australians for Refugees conference which brings 75 groups…
The Business Council of Australia (BCA) estimates that an extra 64,000 dwellings will be required each year if the federal government’s target of building 1.2 million new homes over five years is to be achieved. The BCA has proposed an overhaul of the planning regime in order to boost housing supply. Amongst other things, it
As part of the nomination process for the 2024 Victorian council elections, each candidate was asked to fill out a questionnaire. One of the questions was whether the candidate was endorsed by a party. Not everyone did the survey, but most candidates did. This means that it is possible to identify candidates endorsed by a registered party, but not as easily as it would be in other jurisdictions.
Net overseas migration continues to retrace in New Zealand as recession-hit Kiwis escape to Australia. As illustrated below by Justin Fabo at Antipodean Macro, net migration into New Zealand has plunged from the October 2023 peak: There was an annual net migration gain of 53,800 in the year to August 2024, down sharply from the
JLL has reported that the Melbourne CBD office vacancy rate rose from 19.6% in the June quarter to 19.8% in September. By contrast, Sydney’s CBD office vacancy rate contracted from 15.6% to 14.7%, with Brisbane and Canberra also recording falls in vacancy rates. The national CBD vacancy rate improved by 30 basis points to 15.1%
The 2023 Intergenerational Report included the following chart showing the collapse in home ownership amongst younger Australians: As explained by Ian Verrender at The ABC, in 1981, about 55% of Australians aged 25 to 29 owned a home. Four decades later, there has been a significant decline to a little over 35%. The discrepancy narrows
The United Nations is an easy body to hate. At times, it seems to be effusion without substance, body with no backbone. It was conceived in a fit of post-war idealism, when egos were humbled and hatred briefly stemmed. Over the ruins of the Second World War, the builders were favoured over the destroyers and…
The post Israel’s War on the United Nations appeared first on The AIM Network.