Australia recorded the strongest net overseas migration (NOM) in the nation’s history between Q4 2019 and Q2 2025, with 266,000 net migrants arriving annually, including the Covid-19 border closure: This huge immigration inflow had a devastating impact on the rental market. Since the end of 2019, the record net migration flows (i.e., 266,000 per annum)
Adelaide Airport managing director Brenton Cox has labelled immigration critics “economically illiterate”, arguing that lower immigration levels would hinder growth and hinder housing supply. “Those things (people say) like people coming to Australia are ‘taking jobs and taking our houses’… But the macro (economic) work absolutely disproves that”. “It makes clear (immigrants) are creating jobs
The ABS monthly number is out, and whoa! Both headline and trimmed mean came in 10bps above consensus. The details aren’t good, either. How has Australia managed to experience 4% goods inflation while China is flooding the world with dirt-cheap products displaced from the US? Energy shock, I’m guessing. The same is still playing out
The charts look absolutely horrible, but when Goldman does a seaonal comparions it’s not as bad. It compared the daily average volume during the 2026 CNY holidays (Feb15th-23rd) vs. 2025 holiday period (Jan 28th-Feb 4th): against an undemanding base, sampled primary markets recorded improvements with daily average volume rising +39%, while secondary markets registered more
The ABC reported that only half of the 22,000 homes approved for construction in Western Sydney are proceeding to construction because there are not enough buyers able or willing to pay enough to cover construction costs. KPMG urban economist Terry Rawnsley warned that interest rate rises would worsen the viability of new apartment projects due
Charts from TME. The IGV software index is trading at 23 RSI. Seventh level of hell. Yet AI remains a tool, not a process manager. The hallucination rate is still high and is a feature, not a bug of LLMs. My argument is that humans may have already proven themselves more useless and mistake-prone than
The evidence from around the world shows that when you raise energy costs, your economy deindustrialises. Consider the following examples. Germany: Germany once had about 22 GW of nuclear power, producing over 160 TWh annually at a reasonable cost and with no emissions. Following the Fukushima accident in 2011, Berlin shut down 8 GW of
ANZ’s major projects series has some good and bad news. In 2024–2025, major projects in Australia’s pipeline will reach $71 billion. They are expected to peak at $105 billion in 2027–2028, later than ANZ previously thought. This change happened because project schedules and financial situations have changed. After a decade of huge public megaprojects, Australia’s
Australia’s housing affordability has never been worse. According to Cotality, the nation’s dwelling price-to-income ratio was tracking at a record high of 8.2 in the September quarter of 2025: The time taken to save a 20% deposit was a record high 11 years, according to Cotality: The share of income required to pay the median
Today’s national polling roundup suggests a modest movement following the Liberal leadership change, with the LNP improving slightly but not decisively reshaping the political landscape. The latest YouGov-Sky News Pulse poll shows the Coalition rising three points to 22%, narrowing but not overtaking One Nation, which fell four points to 24%. Labor slipped one point