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It’s too expensive to build housing in Australia

February 12, 2025 - 00:05 -- Admin

Realestate.com.au posted an article claiming that the price of vacant land in Victoria has risen above the cost of established homes, creating a major barrier to the Albanese government’s housing targets. Despite the median home price falling over the past two years to make Melbourne the nation’s fifth most affordable capital, new figures show the

Macro Afternoon

February 11, 2025 - 17:30 -- Admin

Asian share markets are mixed in reaction to the latest round of tariff demands from King Trump with Chinese shares this time pulling back while Japanese equity markets are closed for yet another holiday. The USD remains strong against most of the undollars over the weekend gap following last weeks US jobs report with the

Offer Rudd’s head for tariff exemption

February 11, 2025 - 14:00 -- Admin

Kevin07 has work cut out for him. President Donald Trump’s plan to impose 25 per cent tariffs on steel and aluminium imports has been branded an “insult” to the Australian people and America’s key security partner in the Indo-Pacific. Democratic congressman Joe Courtney, who co-chairs the Friends of Australia Congressional Caucus, singled out Australian taxpayers’

Aussie consumer sentiment ‘cautiously pessimistic’

February 11, 2025 - 13:30 -- Admin

The Westpac–Melbourne Institute Consumer Sentiment Index is out, with sentiment largely unchanged in February, edging up 0.1% to 92.2 from 92.1 in January. Westpac Consumer Sentiment Index basically unchanged in February. Firming rate cut expectations supporting a positive outlook for finances. Weaker current finances point to post–Christmas ‘hangover’. Unsettled global backdrop restraining expectations for the

US CPI preview

February 11, 2025 - 13:00 -- Admin

BofA is pretty good at US inflation and January does tend towards stronger numbers. Core inflation should pick up in January We forecast core CPI inflation of 0.3% m/m (0.33% ungrounded) for January. They/y rate should tick down a tenth to 3.1%, due to favorable base effects. We also expect headline CPI to increase by

Pilbara killer moving fast

February 11, 2025 - 12:00 -- Admin

Steel profitability is just about gone. CISA has solid output to start the year. The main price driver right now is seaborne uncertainty. Several storms across Australia’s north have damaged port infrastructure and disrupted shipments of iron ore and coal, with more rainfall threatening to saturate the operations of miners including Rio Tinto Group. But

Australia must axe all retirement visas

February 11, 2025 - 12:00 -- Admin

Opposition is building against Peter Dutton’s plan to reinstate a “golden ticket” visa for wealthy investors who commit $5 million to enter Australia. These visas were abolished by the Albanese government one year ago. Dutton announced his intention at a Liberal Party fundraiser last month after a migration agent, Min Li, requested he reinstate the

Victorian taxpayers trapped in no-win situation

February 11, 2025 - 11:00 -- Admin

Victoria is the most indebted state in Australia, with the lowest credit rating. Victoria’s net debt is projected to skyrocket in the coming years, which is expected to result in additional credit rating downgrades. When these downgrades occur, interest payments will skyrocket, increasing costs for Victorians and resulting in more taxes and less funding for

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