Every day now, the former newspaper turned propaganda sheet of the fake left, The Guardian, lies about Aussie living standards. Because it operates under the disgraceful ‘Jericho rule’, which is the opposite of truth and journalism, the paper systematically censors causes while focusing on symptoms: Immigration – because there are many desperate to hate –
The housing policy situation in Australia has hit peak stupid, with the building industry now lobbying the federal government to subsidise home builders who bring skilled migrant workers into Australia: “The building industry has told the government it will need 480,000 new workers over the next three years, ranging from Australian apprentices to skilled foreign
Last week, economist Gerard Minack published a brilliant analysis detailing how Australia’s productivity growth and living standards have been harmed by nearly two decades of historically high immigration. Minack’s key chart presented below illustrates that Australia has experienced significant capital shallowing due to the inability of infrastructure, housing, and business investment to keep pace with
The Australian Housing Urban Research Institute (AHURI) published a report last year claiming that the $20 billion spent by governments to assist first-time homebuyers into the market over the prior decade had increased inequality and made housing less affordable. “In doing so, these measures add to demand and hence to house prices”, the report said.
Treasurer Jim “Chicken” Chalmers has done us all a favour, potentially, by giving the RBA an external rocket up the wazoo: Treasurer Jim Chalmers has lured a foreigner to become the Reserve Bank of Australia’s new deputy governor, appointing British central banker Andrew Hauser as second in charge at the central bank. The appointment of
Earlier this month, The Guardian’s Cait Kelly wrongly blamed the reduction in shared house living over the pandemic for Australia’s rental crisis: “People leaving share houses during the pandemic lockdowns in search of more space are touted as one key reason behind the rise in low vacancy rates and high rents”. “But community manager at
DXY continued to swoon last night: AUD rocketed on: The peg is back: Oil and gold are signalling a global landing: Dirt is half weak: Miners meh: EM meh: Junk meh: Yields keep falling: But stocks have already priced perfection: Shane Oliver sees five reasons for a higher AUD: Firstly, from a long-term perspective, the
Stock markets fell back slightly alongside bond yields overnight as risk sentiment remained somewhat muted in the absence of key economic data with a focus on very soft US new home sales data. The USD was off a little after being broadly lower against the undollars on Friday, with the Australian dollar pushed up through
This month’s 0.25% hike in the official cash rate (OCR) by the Reserve Bank of Australia (RBA) has had an immediate impact on house prices, especially in Melbourne and Sydney. The next chart shows the 28-day rolling change in the CoreLogic Daily Dwelling Values Index, and shows a clear loss of momentum since rates were
Asian share markets are mostly in a negative mood, with King Dollar still falling back slightly after its Friday night selloff while Wall Street is expected to open a little lower following the truncated session post Thanksgiving. Oil prices are failing to stabilise with Brent crude pushed further below the $80USD per barrel level while