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Articles from MacroBusiness

Macro Afternoon

June 19, 2024 - 16:30 -- Admin

With Wall Street having a mid week holiday tonight, the impetus for more risk taking has subsided somewhat with Asian stocks mixed across the region. Local stocks are just holding on to their post RBA hold gains with the Australian dollar moving higher towards the 67 cent level. Oil prices are holding on to their

The great property investor “exodus” myth

June 19, 2024 - 13:30 -- Admin

Data from Suburbtrends shows that more than 4,000 ex-rental residential properties across Victoria were listed for sale in May. This includes 3,126 in Melbourne, which is 32% higher year-on-year. Suburbtrends founder Kent Lardner says the Victorian state government’s new tax on property investors has been a key driver of landlords’ exit from the housing market.

Australia’s housing targets are incompatible with climate goals

June 19, 2024 - 13:00 -- Admin

Philip Oldfield, head of UNSW’s school of the built environment and a researcher in sustainable and low-carbon architecture, has penned an article in The Guardian warning that the federal government’s target of building 1.2 million homes over five years risks blowing Australia’s emissions targets. “If we construct these homes the same way as we do

It is Albo that has failed the climate

June 19, 2024 - 12:00 -- Admin

Bernard Keane of Wokey was full of climate hot air yesterday: The Coalition’s formal position now is to go to the next election with a worse climate policy than Tony Abbott. Peter Dutton — apparently unilaterally, and certainly without the agreement of the joint partyroom — has not merely walked away from Labor’s 43% emissions

NSW to build one month of housing in historic move

June 19, 2024 - 11:00 -- Admin

The housing crisis is solved! The NSW Labor government will spend $5.1 billion on building 8400 social homes – with half of those specifically for women and children fleeing domestic violence — in the biggest investment in public housing in the state’s history. NSW population is currently growing at 160k persons per annum. Treasurer Mookhey’s