Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Shadow RBA says hold

October 2, 2023 - 13:30 -- Admin

Via the Shadow. Shadow Board’s Confidence in Required Rate Hold Strengthens The latest data point to inflation having fallen further: the monthly consumer price index (CPI) rose 4.9% in the twelve months to July, the biggest contributors to inflation once again being housing (+7.3%), along with food and non-alcoholic beverages (+5.6%). While encouraging, this still

Australia spirals deeper into rental crisis

October 2, 2023 - 13:00 -- Admin

CoreLogic has released its September housing market results, which shows that the nation’s rental vacancy rate has collapsed to a record low 1.0% across the combined capital cities and 1.2% across the combined regions: “Rent markets remain tight pretty much everywhere”, CoreLogic director of research, Tim Lawless said. “The pre-COVID average for capital city vacancy

End of cycle shock still ahead

October 2, 2023 - 12:30 -- Admin

The Market Ear kicks us off. Mission impossible… …or is everything possible? Imagine the pain should tech get inspiration from the 1999 year end squeeze… Refinitiv That was quick We have seen one of the fastest drops in equity positioning since early 2022. Time to think about the upside pain trade? DB The trend line

Dan Andrews’ Suburban Rail Loop must be cancelled

October 2, 2023 - 12:00 -- Admin

Pressure continues to build on new Victorian Premier, Jacinta Allan, to cancel former Premier Dan Andrews’ Suburban Rail Loop (SRL) project. Natasha Bradshaw from the Grattan Institute has called for Allan to cancel the SRL, noting that the project’s cost had blown out to between $150 billion to $200 billion, while the economic benefits are

More home builders collapse, decimating supply targets

October 2, 2023 - 11:30 -- Admin

The Albanese government’s plan to build 1.2 million homes over five years is becoming increasingly unrealistic. Data on dwelling approvals, loans for the building or purchase of new dwellings, and new home sales have all plummeted, implying that Australia will build fewer homes rather than more in coming years. This fall in construction will occur

Academics, climate warriors focus on wrong environmental threat

October 2, 2023 - 10:30 -- Admin

Last week, the Australian Academy of Technological Sciences and Engineering (AATSE) and the Climate Council urged the federal government to accelerate Australia’s path to ‘net zero’ emissions. Australia is currently committed to reducing its carbon emission by 43% below 2005 levels by 2030, as part of a transition to “net zero” emissions by 2050. However,

It’s an Albo engineered housing crisis

October 2, 2023 - 10:00 -- Admin

PropTrack has released data showing that Australian dwelling values have now fully recovered their RBA interest rate-induced losses, and are now tracking at record highs: “Home price growth has been driven by record levels of net overseas migration, tight rental markets and a housing shortage”, PropTrack notes. While a sharp increase in the number of

The polarisation of nothing

October 2, 2023 - 09:00 -- Admin

The Queen of the fake left let her petals of wisdom fall on the weekend. Katherine Murphy at The Guardian: Burnout is an ever-present risk for people in public office. The most effective political leaders live in a constant state of hyper-vigilance. They scan the horizon for incoming risks and run multiple scenarios in their

Pages